From the chinese Press

Why is Obama robbing the rich?

US President Barack Obama announced a new deficit-reduction plan to tide over the massive $4.4 trillion debt of the United States. The most controversial aspect of the plan is that it will impose more taxes on the rich, who will be subjected to higher tax rates than the middle class. This has evoked strong opposition from the Republicans, who allege that Obama is supporting class struggle, says an article on southcn.com. Excerpts:

The republicans' reaction is understandable, because for long they have favored tax reduction, which ostensibly favors the rich. Given their close relation with Wall Street, such a stand can get them more support from consortiums and the wealthy.