Barack Obama has introduced an alleged jobs bill that includes a lot of tax increases. Obama is a typical tax and spend Democrat/Socialist who thinks that the best way to balance a budget is to keep increasing taxes and to never cut anything. So Obama has again called for the wealthy to pay their fair share, to do the patriotic thing, to step up to the plate and pay more in taxes.
Of course, the wealthy pay most of the income taxes in this country.
Now Obama is calling for the wealthy to pay the same rate that the middle class pays but this is a ruse. The wealthy already pay a higher rate than the middle class but Warren Buffett, billionaire hypocrite, has stated that he pays a lower rate than his secretary. He claims his wealthy pals pay a lower rate for their income than the middle class.
This is a crock of BS. Buffett pays a lower tax rate because he has no earned income. His income comes from dividends. Buffett deliberately set it up so that he is paid in dividend income which has a lower tax rate than earned income. When he claims to pay a lower rate he is comparing two different kinds of income.
The funny thing is that Buffett claims the rich should pay more in taxes but he works very, very hard to ensure his taxes are low. If Buffett really cared about paying more he would have earned income rather than dividend income and he would not have his high paid accountants find every loophole to keep him from paying more. If he really cared he would just write a check and send it to the government.
But then again, Buffett might think the rich need to pay more but he means rich people besides him.
And Obama is playing into this with his so called Buffett rule tax increase to make it all fair. In spite of the fact that the wealthy pay most fo the taxes in this country, Obama is calling for those folks to chip in and pay a fair share. If you want fair, and you really mean fair, then the bottom 50% of wage earners need to start paying some taxes, chip in, step up and do the right thing, and be patriotic.
But you will not hear this as Obama introduces bills to raise taxes and there are two reasons for this.
The first is that Obama is a tax and spend politician. If he were to get the tax increases he would be very happy, the debt would increase, the deficit would increase and unemployment would increase but he will feel he has done some sort of social justice. Obama knows he will not get tax increase with a Republican controlled House and that brings us to the second reason Obama introduced the tax increases.
Obama knows they will not pass. He introduced them solely to get Republicans to reject them so he could say that he is trying to fix things but the evil Republicans won’t do what he wants. The Democrats had complete control of government for two years and he failed to raise taxes on the wealthy (though he raised them on the people he said he wouldn’t) and he did not do anything that helped the economy.
Now he wants to do more of the same and raise taxes on top of it. He wants to be able to shift the focus from his failed policies to the “say no to tax increase” Republicans as the reason things are still bad.
The reality is that tax increases will not help (the wealthy do not have enough money to pay what we owe and they will figure ways to keep from paying. See Warren Buffett) and that the economy is in a bad way because of the things Obama has already done and doing more of them will not make things better.
Obama does not care about people who are suffering. Instead of real action on jobs he plays games with taxes so he can point fingers.
We need to cut spending across the board. We need to revamp the tax code so that everyone pays taxes (all the way down to the very bottom of the wage earner list) and we need those taxes to be a flat rate. We also need to cut corporate taxes in half.
These things will stimulate the economy and grow jobs.
Obama’s plans to rape the taxpayer to pay off special interest groups while raising the taxes on the rich is for the birds and those with small brains.
Like liberals/Socialists and the rest of the anti American morons.
Never surrender, never submit.