Without a robust recovery to trumpet, the president is betting his reelection on class warfare — focusing on “income inequality” and “fairness.” Class warfare is not a winning strategy, but it is the only card Obama has to play. That’s the good news for Republicans. The bad news is: Right now, the GOP is blowing it.

Ominously labeled "Taxmageddon," a host of tax policy changes are set to occur at year-end, and there truly is much at stake: $3.67 trillion of additional tax revenue over 10 years from the Bush tax cuts alone.

Supercommittee Republicans offered a plan to eliminate tax preferences and reduce tax rates, as in the 1986 bipartisan tax reform. They argued that high tax rates would squelch economic growth.  They didn't make the case that their proposals would also address income inequality. But Paul Ryan, in a paper based largely on a CBO analysis of income trends between 1979 and 2007, has done so.

I learned to appreciate the American free enterprise system by quitting a job in Spain.At age 19, I dropped out of school to pursue a career as a French horn player. After a few twists and turns, I wound up in the Barcelona Symphony, which was a Spanish...

President Obama’s budget speech on Monday expanded on the theme of economic “fairness,” like his State of the Union speech in January. He lectured Americans that if critical steps are not taken, the rise of the middle class will be threatened and disparities between the rich and the rest will...

The Occupiers are right about American incomes: They've definitely grown more unequal. But this fact presents three inconvenient truths for the Occupy Wall Street movement.

In his remarks this week in Osawatomie, Kan. — the site of Theodore Roosevelt’s famous 1910 “new nationalism” speech — Obama laid out the themes for his reelection campaign. And from where I’m sitting, it looks like the president not only lost his battle against cynicism, he defected to the other side.

But the mere existence of income inequality tells us little about what, if anything, should be done about it.