Obama's Policies Would Redistribute Nearly $1 Trillion in Wealth Every Year

Thursday, September 24, 2009
By Karen Schuberg

Logo for the White House Web site on health care reform, "Reality Check."


(CNSNews.com) - By 2012, nearly $1 trillion from the top 30 percent of American families will be redistributed among the bottom 70 percent if Obama’s proposals on taxes, health care, and climate change become law, according to the Tax Foundation.

“Even if none of Obama’s policies becomes law, the extent of income redistribution is remarkable,â€