Critics are calling President Obama’s new tax policies “class warfare” and even “socialism.” But his supporters look at it differently: they refer to it as a “Robin Hood budget.” There is no question that Obama is increasing spending for the poor, in the fields of health care, education and elsewhere, but the big debate has to do with his tax increases. Although his new policies will not really take effect until 2011, it is estimated that the rich will end up paying almost $1 trillion more in taxes. About $650 billion in revenue will be generated by just allowing the Bush tax cuts for the very wealthy to expire. He proposes to raise another $318 billion by capping the value of itemized deductions at 28%. Critics from both parties have complained that this could reduce charitable contributions and hurt home sales by limiting the deductibility of mortgage interest. Republicans claim that Obama’s tax plan will hurt small businesses, but according to a study by the Tax Policy Center, only 2% of small business owners would see an increase in their taxes.