The White House has been pressured this week into affirming it does not plan to raise taxes on anyone earning less than $250,000 a year. But the President offers no similar guarantee to those with higher incomes, and Chuck Collins says that's as it should be.
Collins is heir to the Oscar Meyer hotdog fortune. He's also co-founder of "Wealth for the Common Good", a network of business leaders and other wealthy individuals that, last week, urged President Obama and Congress to immediately reverse the Bush-era tax cuts on the wealthy.
Why would he want the Bush-era tax cuts reversed?