Support WBURRaising Taxes On The Rich: Canny Or Counterproductive?Play04:22Download AudioJohn YdstieNovember 30, 2012 ShareSen. Charles Schumer, D-N.Y. (right), shown at a news conference Thursday on Capitol Hill with Senate Majority Leader Harry Reid, is arguing for raising taxes on the wealthy as part of a deal to avoid the fiscal cliff. (AP)