Report: Rising inequality blunts GOP's "redistribution" attacks

Report: Rising inequality blunts GOP's "redistribution" attacks
Income inequality has hit a new high, census data show, with wealthy Americans hit less hard by the recession than those with more modest incomes. That reduces the impact of Mitt Romney's claims that President Barack Obama is using the tax code to redistribute wealth, experts say, and could pave the way for postelection tax hikes on the wealthy. "The redistribution argument isn't resonating that much ... it is more likely that we'll see taxes going up on the upper-income segment," says Anne Mathias, director of Washington research for Guggenheim Securities. Bloomberghttp://www.bloomberg.com/news/2012-09-28/wealthy-americans-gain-even-as-republicans-decry-redistribution.html