However President Obama's proposed tax on millionaires is estimated, it's small compared with the federal budget deficit.
Possible changes to tax rates for 2013 make it important for investors to focus now on what would normally be year-end tax planning for gains and losses.
Neither the Obama nor the Romney tax plan faces up to reality. Tax cuts with expiration dates are papering over the budget holes.
Even 40% of Republicans like Obama's proposal to make the rich pay more, according to a new poll. But voters still would rather cut spending than hike taxes.
Here is how President Obama's corporate tax proposal compares with the platforms of the four GOP candidates and a GOP House leader.
That compares with the 31% rate paid by Gingrich and the 14% paid by Romney, both of whom have much higher incomes.
The president seeks to raise $1.5 trillion in the next 10 years from wealthy Americans. Yet most of his proposals were also in last year's budget and went nowhere.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Tired of your wallet taking a beating at the grocery store? Here are some creative ways to save big on food costs.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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