Obama Campaign Chief: People Calling Deficit Bill “Class Warfare” Are Trying To “Trick Americans Into Thinking The Buffett Rule Will Hurt Them”…
Of course it will. According to the AP air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages, just to name a few, will be hit with $130 billion in new fees. Never mind the fact that “millionaires and billionaires” really means couples making more than $250K.
Via email:
This morning, the President proposed the “Buffett Rule,” which would require those earning more than $1 million a year to pay the same share of their income in taxes as middle-class families do.
This proposal makes sure millionaires and billionaires share the responsibility for reducing the deficit. It would correct, for example, the fact that Warren Buffett’s secretary currently pays taxes at a higher rate than he does.
The other side is already saying it’s “class warfare” — that’s their rhetorical smokescreen for providing millionaires and billionaires special treatment.
As the President said this morning, “This is not class warfare — it’s math.”
The wealthiest Americans don’t need further tax cuts and in many cases aren’t even asking for them. Requiring that they pay their fair share is the only practical way forward. The Republican alternative is to drastically slash education, gut Medicare, let roads and bridges crumble, and privatize Social Security. That’s not the America we believe in — but many in the Republican leadership actually prefer those policies, which explains their refusal to act.
That’s why they’ll say “tax increase” over and over again, trying to muddy the waters and trick ordinary Americans into thinking the Buffett Rule will hurt them. And if we don’t speak out right now, they just might get away with it.
If you stand with President Obama in this fight and want to see the Buffett Rule passed — say you’ll get his back now.
Of course, the Buffett Rule won’t really touch most Americans — only 0.3% of households will even be affected.
Jim Messina
Campaign Manager
Obama for America
Posted by ZIP on Monday, September 19, 2011, at 9:30 pm | 
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Obama goes after “millionaires and billionaires” just as he was taught to by williamaires.
Buzz LMAO! Good one.
As I said before, it will only get passed down to the workers with stagnant wages, layoff, healthcare etc…
TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
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TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
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TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
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TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
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TAX INCREASE. TAX INCREASE. TAX INCREASE. TAX INCREASE.
I’ll be sure and keep spreading the WORDS, Messina.
Warren buffet owes a billion dollars in back taxes. He pays himself one hundred thousand a year, so he is under the tax law himself. He lives on money he makes from all the stock shares he owns, he pays taxes on those as capitol gains taxes.
He is a crook, a fool, and a tool of Obama!!
I hate this administration. There is nothing left to say.
Yeah right POTUS (Prevaricator OTUS), let’s increase taxes on all those evil businesses, big oil, pharmaceuticals, any big business, etc. ad infinitum.
AND GUESS WHAT FUQUING HAPPENS; everyone that buys gas, medicine, etc. will pay more to purchase those same items that the companies that produce them are taxed more for. No company in the world will pay more in taxes, it is the purchasers of those goods or services that actually pay the taxes. Taxes definitely do trickle down to the average consumer.
What gets me is that this doesn’t even cut the deficit. It just covers more spending. Government on cocaine.
There are no members of this administration that can be trusted….least the SOB that some call Barack. Come on you manipulator, you and me, 1 round, no gloves, and I’m 60 years old……take my challenge you coward……quit hiding behind your office and show some balls……….real balls, not the kind that come from your mouth…..
No more payments to this Government until he is gone from office……….period.
People wonder when we ask: who is John Galt?
Ayn, my friend, how did you know 60 yrs. before teh One came along? But, you knew and recognized the beast.
Cutting education funding is fine as long as you go after Obama’s loan and grant program that is nothing but massive fraud.
No grants or loans for illegals.
remove tenure for teachers.
no public financing for religious education.
Then revamp the food stamp,sec 8,medicaid and welfare programs:
2 child limit.
mandatory drug testing.
no welfare for illegals.
no welfare for girls under 18 giving birth.
either WIC,SNAP or free lunches-not all 3.
5 yr limit for welfare.
voting rights suspended for 5 yr +welfare recipients .
per $1k collected in social benefits per month: 10 hrs of community work.
Discontinue disability benefits for prisoners,alcoholics ,drug addicts,ADD,ADHD,anorexics and the obese.
review and restructure pain and marijuana clinics.
end war.
deport all illegals.
no government jobs for non citizens .
remove irs child credits for illegals and welfare families.
give hospitals the power to sue foreign governments for their citizens med care.
hold states responsible for their infrastructure.
shut down acorn,review boards,political think tanks,fannie mae,1/4 of fema.
cut foreign aid by 1/2.
So why do you want a tax increase obama?
this country is slowly unraveling with this blue gum in power,hunker down till jan. ’13
Didn’t the Marxist Mohammedan award the Orifice from Omaha with some sort of Medal awhile back? The more I see of these two together, the more certain I am that Buffet is the bigger fool in this bizarre relationship. I hope that this publicity hound finds himself locked out of the White House after the next election. In the meantime, haul his sorry, billion dollar ass up to Congress and ask him hundreds of questions about how he really takes advantage of our ridiculous Tax Code, living on an expense account, writing everything off, paying for nothing personally. Use Obama’s Orifice to expose how much our country needs real tax reform. Then he will have truly earned that medal for having serviced our country.
Obamas campaign thief needs a swift kick in the nads
I still feel better knowing that this is bushes fault.
A quote from the late Dr. Adrian Rogers, 1931–2005: “You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”
Time to change the tax code: Fair Tax.
Everyone pays no matter what the income.
No loop holes, no deductions, no nothing but one percentage rate for all.
Just too simple for the idiots in Washington.
The man-child is running scared…..he’s loosing his ass and can’t stand it.
O’s bill is DOA – as is his presidency. Hopefully, he’ll see the writing on the wall and step down.
God bless America, our troops, Israel, and fellow humans.
u demonize the rich, then u go begging for their freakin money,
loser
Should America tax the rich at a higher rate?
“Working people are taxed between 28 to 35% federal income tax.
People who do not work and have investment capital (unearned income) are taxed at a 15% rate from these investments.
Remember: The money used to buy these investments has already been taxed at 28 to 35% and will again be taxed at 15% when it is re-invested and there is a return on the investment. Think of it as buying a used car. It has been taxed when bought new and is again taxed when it is sold as used and continues to be taxed when re-sold everytime.
If everyone wants “the rich” to pay more in taxes on unearned income, consider this.
1. Raising the tax rate on un-earned income from 15 to 25% or higher will place the stock market and investments “at risk” since possible investors might not want to invest at these new higher rates because of the return they would receive on their investments.
2. By taking this route and raising capital gains rates (15 to 25%) will place retired seniors and their 401k’s at risk again. This is money they live off of in their retirement years. There could be “less investment” in the stock, mutual fund markets because of less returns on these investments.
Question: Are we willing to do this? People/taxpayers/retirees built their retirement years around their 401k’s. Your call !
As for the “Buffett Tax Plan” that Barack Obama is pushing. Buffett is entitled to pay himself a salary from his investments instead of “just receiving” these unearned income monies. But he won’t do this! Why? He wants to ONLY pay the 15% rate to the government instead of the 28 to 35% rates if he drew a salary. Oh the sounds of a hypocrite one can say!