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Obama: All we have to do is raise taxes on the rich

During a campaign appearance at Detroit Diesel yesterday, President Obama laid out his plan to save the economy. First, raise taxes on the rich … we’ll deal with cuts later since we have to do that … real careful like.

From the president’s remarks yesterday, with my emphasis in bold.

We can solve this problem.  All Congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody’s income — everybody.  (Applause.)  That means 98 percent of Americans — and probably 100 percent of you — (laughter) — 97 percent of small businesses wouldn’t see their income taxes go up a single dime.  Even the wealthiest Americans would still get a tax cut on the first $250,000 of their income.  But when they start making a million, or $10 million, or $20 million you can afford to pay a little bit more.  (Applause.)  You’re not too strapped.

I’m sorry, is the president changing his plan to only tax those earning more than $1 million now?

So Congress can do that right now.  Everybody says they agree with it.  Let’s get it done.  (Applause.)

I don’t agree with it, and don’t speak for me Barack.

So that’s the bare minimum.  That’s the bare minimum we should be doing in order to the grow the economy.  But we can do more.  We can do more than just extend middle-class tax cuts.  I’ve said I will work with Republicans on a plan for economic growth, job creation, and reducing our deficits.  And that has some compromise between Democrats and Republicans.  I understand people have a lot of different views.  I’m willing to compromise a little bit.

This is an outright lie. He has no desire to cut anything, anywhere. He’s demanding tax increases now, in exchange for no cuts. NOTHING.

But if we’re serious about reducing our deficit, we’ve also got to be serious about investing in the things that help us grow and make the middle class strong, like education, and research and development, and making sure kids can go to college, and rebuilding our roads and our infrastructure.  (Applause.)  We’ve got to do that.

Bull. How does spending more money than we have been spending the last few years reduce the deficit? This man is delusional.

So when you put it all together, what you need is a package that keeps taxes where they are for middle-class families; we make some tough spending cuts on things that we don’t need; and then we ask the wealthiest Americans to pay a slightly higher tax rate.

So Mr. President, what are you willing to cut? I’m talking about a real cut, not a reduction in planned spending, real cuts. What don’t we need Mr. President. He’s not just demanding increased taxes on the successful, he’s doubling down on additonal federal government spending.

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13 Responses to "Obama: All we have to do is raise taxes on the rich"

  1. John Fembup says:

    Obama said “if we’re serious about reducing our deficit, we’ve also got to be serious about investing in the things that help us grow and make the middle class strong, like education, and research and development, and making sure kids can go to college, and rebuilding our roads and our infrastructure.”
    If WE’RE serious? 
    Mr. Obama are YOU serious?   I don’t think so.
    For one thing, he still advocates more federal spending, not less federal spending.  That’s no way to reduce a deficit.  His 2013 budget forecasts a further deficit of $900 billion.  He is calling for  more federal spending (he calls it “investing”) in education, and research and development, and making sure kids can go to college – instead of allowing state and local governments and the private sector to make those decisions for themselves as they have done for more than 200 years.  The more federal involvement in these areas, the worse the results have been.  More federal spending is not the solution.  The solution must start with less federal spending in these – and other – areas.
    Other reasons to believe Obama is not serious about reducing the federal deficit:
    1. His administration’s proposed 2013 FY budget was…

    • John Fembup says:

      Other reasons to believe Obama is not serious about reducing the federal deficit:
      1. His administration’s proposed 2013 FY budget was rejected in March by the House 414-0.  Not even one Democrat Congressman voted for Obama’s budget.   His own party did not regard Obama’s budget as serious.  
      2.  He increased US spending by 20% during his first year in office and kept it there, resulting in 4 consecutive years of $trillion(+) deficits and pushing the national debt past $16 trillion. That’s $50,000 for every man, woman, and child in the entire country, and it’s still growing   Recession notwithstanding, Obama is not behaving like a president who is serious about reducing the deficit.
      3.  Most of the $1 trillion in 2009 “stimulus” funds was given to states & municipal employers to make up for current budget shortfalls, not to finance “shovel-ready projects” that would improve infrastructure.  But now Obama is once again hyping infrastructure spending . . .and now, after 4 years, he’s serious?
      Then look at the leadership weaknesses Obama demonstrated in his first term e.g., (a) his reluctance to accept responsibility  (b) his avoidance of hard decisions  (c) his preference for talk,…

  2. John Fembup says:

    Then look at the leadership weaknesses Obama demonstrated in his first term e.g., (a) his reluctance to accept responsibility  (b) his avoidance of hard decisions  (c) his preference for talk, not action (d) his disdain for American ideals,  (e) his inability to negotiate in good faith with political opponents, (f) his cavalier spending of the taxpayers’ money on himself and his family for expensive vacations, and for socializing with celebrities instead of concentrating on the hard work of governing, and (g) his obvious mishandling of the Benghazi disaster, a metaphor for the collapse of his foreign policy throughout Africa, Asia, and the Muslim world and for the declining world respect for America over which he has so far presided. 
    And this man Obama has the gall to tell us that “All Congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody’s income.”  What??
    C’mon, Mr. Obama – get serious.

  3. Lynn says:

    President Obama is very serious. Whether he knows he is doing it, or is a puppet, I don’t know. But what I do know, his actions are set to bring the United States to it’s knees. In the playground of the world, he is making all the countries play fair. Fair share, don’t you get it, that’s all that robot says.

  4. SeeingRed says:

    ’97 percent of small businesses wouldn’t see their income taxes go up a single dime. ‘

    Just wondering if this is the same dime he referred to when discussing OhZer0care…? 

  5. John Fembup says:

    Steve, please delete my comment.
     
    Thank you.

    • I’ll leave it … you put some effort and passion into it. Just trying to keep everything clean and easy to read in the future.

      • John Fembup says:

        I wish you would please remove my entire comment. 
        I have read the rules.  I see no exception for “effort and passion”.
        Thanks -

  6. Dimsdale says:

    I watched Pelosi field the “what are Democrats going to offer in cuts?” question on the CBS Early show.  She responded with the usual “we already made cuts” or “passed cuts on Medicare” blah blah blah, finally topped with, “we need the revenue now and will work on the cuts LATER (translation: never), because there isn’t enough time to make the cuts and work on the tax code” horse puckey.
     
    So whatcha’ been doing all last year, or the previous four, or specifically, in 2008 – 2010 when  you were in control of the House, Nan???  Remember that the economy tanked when she took control of the House in 2008.
     
    More of the usual Democrat “we will promise to make cuts we never plan to make sometime in the future”, and hence, the reason we are in this mess.

  7. JBS says:

    Spending cuts are never real. It’s what I call the Mañana Complex. Spending cuts are mañana. Not today, not tomorrow, not ever. Nada.
    But, taxes are due, yesterday. Pay up or else. Pay more and more.
    Very much like an alcoholic. Or an union.
    It is interesting that Connecticut is following in the footsteps of the federal government. Debt, deficits and shady accounting practices. (Both are Democrat led, Democrat ruled. Both pander to the unions . . .)

  8. yeah says:

    Obama is displaying the math proficiency of a Detroit 8th grader  (One of the 96%!)

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