Yeeeesh,….. No wonder they want Obama just to clock out of the 2012 election; it could be because of stupidity like this:
WASHINGTON — President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.
With a special joint Congressional committee starting work to reach a bipartisan budget deal by late November, the proposal adds a new and populist feature to Mr. Obama’s effort to raise the political pressure on Republicans to agree to higher revenues from the wealthy in return for Democrats’ support of future cuts from Medicare and Medicaid.
Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.
Mr. Obama will not specify a rate or other details, and it is unclear how much revenue his plan would raise. But his idea of a millionaires’ minimum tax will be prominent in the broad plan for long-term deficit reduction that he will outline at the White House on Monday.
via Obama Tax Plan Would Ask More of Millionaires – NYTimes.com.
But we are not supposed to call it class warfare? My question to the left is this; what the heck do you call it? The way the tax code is set up now, the Millionaires pay enough as it is. As for the rest of us, we hardly pay any, if any at all. We get it all back, if you are making less than $250 grand a year, you get it all back. So, the idea that the middle class is being taxed to death, is a bunch of bull. — and don’t hand me that stupid story about buffet paying less than his personal secretary okay? Because it is a crock of crap. Update: Confirmed! (h/t Ed Morrissey)
I can assure of this, if Obama does not pull out, as they are saying he should; and he tries to run this Millionaire tax, he will get trounced in the election. Because you cannot continue to kick the people risk everything and start a business, square in the balls and continue to be President — it just does not happen, period.
Obama will figure this out, one way or another. Either before he does start his serious run for President coming 2012 or when he is defeated in 2012 and sitting in Chicago — sulking about losing the election.
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