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Obama says rich 'can afford' tax hike
Wahington Times ^ | March 19, 2009 | Christina Bellantoni

Posted on 03/18/2009 8:52:55 PM PDT by Lorianne

President Obama told Californians during a campaign-style town hall meeting on Wednesday that rich people can afford to pay higher taxes in selling his budget plan as an investment in the nation's future.

Mr. Obama pushed back on people who say he is overtaxing the nation, saying his tax increases on families earning $250,000 or more a year are reverting to the tax system under former President Bill Clinton. The president added he will pay higher taxes himself as a result.

"These folks can afford it. They were rich back in the '90s," he said. "It's not like suddenly they're going to have to go to the poorhouse. But what that does is it allows us to pay for health care reform for a lot of people."

Going after a line of attack Republicans have used against him, Mr. Obama insisted, "I don't think that's unreasonable. I don't think that's socialism.

"If the middle class is working well, if working people are doing well, then everybody does well," he said. "That's the philosophy that we are pursuing in this budget; that's why I need your support."

On Thursday, Mr. Obama is scheduled to join Gov. Arnold Schwarzenegger - a Republican who supported the stimulus plan - for a second town hall meeting after a tour of an electric-vehicle plant in Pomona.

The president highlighted California's high unemployment and foreclosure rates but noted, thanks to the stimulus plan, a new hospital will be built at Camp Pendleton.

Mr. Obama portrayed himself as someone who understands hard work, sympathizing with an ex-convict who was laid off from his Toyota job and telling the crowd he knows they don't have the luxury of ignoring their own economic problems.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: bho2009; communism; crushobama; democrats; economy; emptysuit; healthcare; impeachzero; marxism; marxistinchief; neomarxism; obama; socialism; spreadthwealth; taxes; totus
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To: yldstrk

yep. me too.


61 posted on 03/18/2009 10:27:03 PM PDT by GOP Poet
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To: mtrott

Accusing a democrat of being immoral is a compliment to them.....


62 posted on 03/18/2009 10:32:35 PM PDT by Brytani (Obama's Hope and Change - Hope for terrorists and Change left in our wallets)
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To: Lorianne

I go onto Democratic Underground on a very regular basis because I like seeing what they say. And I like stirring the pudding.
The subject was taxes and I was coming on the against side, saying that high taxes will cause people that own businesses will not want to expand their businesses and hire as much (I was laid off from my job in November, so this subject is very close to my heart).
Anyway, some guy actually said that if you move because of high taxes, you are an asshole.
I never attacked anyone on a personal level (though I so wanted to), but I just said that it was in everyone’s best interest for the government to not spend as much and to keep taxes and waste as low as possible. I tried to paint it as an idea that they should be able to get behind (keep waste low and you can help more people). We had a pretty fiery discussion going for a while, then it died. I love doing that kind of stuff.


63 posted on 03/19/2009 1:10:39 AM PDT by christx30
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To: MeekOneGOP; Lady Jag; Old Sarge; Darksheare; Conspiracy Guy; darkwing104

Ya’ll want to welcome the n00bie?


64 posted on 03/19/2009 7:34:45 AM PDT by Arrowhead1952 (It took almost 250 years to make the USA great and 30 days for BO to tear it down.)
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To: christx30

*Um-HMMMmmmmmmm*


65 posted on 03/19/2009 8:04:29 AM PDT by Darksheare (Tar is cheap, and feathers are plentiful.)
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To: Lorianne
"These folks can afford it. They were rich back in the '90s"

A telling comment. Many of them were not "rich back in the '90s" - this country still has the highest income mobility of any country, something that Marxists like Obama like to ignore.

66 posted on 03/19/2009 9:28:28 AM PDT by LouD
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To: Lorianne
Who in the hell does that bas***d thinks supplies the jobs in this country?

I know, I know, he's a GD Marxist.

67 posted on 03/19/2009 9:31:02 AM PDT by Marathoner (The dream: 1-20-2013, hearing "I, Sarah Heath Palin, do solemnly swear...")
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To: LouD
Obama is throwing the baby boomers under the bus. The retirement that they saved for is going down the tubes, their health care is being diminished and they will be in danger of losing their homes, and just wait until the next national disaster. Remember those Katrina trailers, well that could be the fate of all boomers who need to make an insurance claim, if the Obama truth squad destroys the insurance industry.

Assisted suicide will be the only option left open.

68 posted on 03/19/2009 9:34:03 AM PDT by Eva (CHANGE- the post modern euphemism for Marxist revolution.)
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To: Lorianne
And of course it's much better for rich people to give their money to government to waste than to invest their money to create more and better jobs.

And by taxing the rich B.O. can continue to push class warfare.

69 posted on 03/19/2009 9:39:42 AM PDT by Let's Roll (Stop paying ACORN to destroy America! Cut off their government funding!)
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To: editor-surveyor

You forgot the sarcasm tag.
I hope.


70 posted on 03/19/2009 9:44:14 AM PDT by Little Ray (Do we have a Plan B?)
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To: Lorianne

This idiot won’t be happy until he destroys every small business in the country and then they’ll wonder why we’re having a chronic unemployment problem involving most of the MIDDLE class.


71 posted on 03/19/2009 9:49:29 AM PDT by headstamp 2 ("Government is a disease masquerading as it's own cure")
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To: Little Ray

Don’t tell me that you’re an Obamanite.

Obama can’t tax the real “rich,” so he taxes the most successful of the working class as though they were rich. - That keeps them from getting rich, which pleases Obama’s greedy, lazy Class Envy club immensely, even though it means less for them too.


72 posted on 03/19/2009 9:55:03 AM PDT by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: editor-surveyor

I’m not getting you.
You can’t tax corporations - the customers pay the taxes, not the corp.

The “rich” pay the taxes to extent that top 1% pays like 20-30% of all income taxes.

So who are these “real” rich?


73 posted on 03/19/2009 9:59:07 AM PDT by Little Ray (Do we have a Plan B?)
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To: Little Ray

The people that have more than 90% of the accumulated wealth pay less than 1% on the passive earnings of that wealth. Their holdings are mostly untaxable under the laws of any nation, and they are able to keep it that way because they do have the power.

The result is that everyone else is taxed, and class envy is used to get the people to accept a tax structure that forever prevents them from accumulating any significant wealth, or benefitting from what little they can earn.


74 posted on 03/19/2009 10:14:07 AM PDT by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: editor-surveyor

You don’t have to pay taxes on wealth you have already accumulated, only on income. That would be immoral, to put it mildly. Why should you have pay “rent” on money or property you have already earned?

In a saner world you’d pay taxes on what you spent, but that seems unlikely.


75 posted on 03/19/2009 10:19:05 AM PDT by Little Ray (Do we have a Plan B?)
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To: Lorianne

That’s like saying “Because you are rich, you need to pay four times the price of the car you want.” What happens when the rich run out of money? Who will he go after next? Wanta guess?


76 posted on 03/19/2009 10:27:14 AM PDT by RC2 (http://www.youtube.com/user/Funbobbasso)
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To: Myrddin

comprehend - I’m living it. At some point it is no longer worth it to be “successful”


77 posted on 03/19/2009 10:29:24 AM PDT by Mom MD (Jesus is the Light of the world!)
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To: Little Ray

“You don’t have to pay taxes on wealth you have already accumulated”

Really? - I paid more than $10,000 in taxes on what I’ve acumulated last year.

You also said that they “can’t” tax corporations, yet corporations get hit with 39% fed, and 11% state taxes here.

The rich aren’t paying those taxes, the working class is.


78 posted on 03/19/2009 10:36:50 AM PDT by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: St. Louis Conservative

You want to know what the worst part is; he’s doing this just so he can throw it down the black hole of US debt by spending it on “get vote” projects.


79 posted on 03/19/2009 2:59:32 PM PDT by RWB Patriot ("Let 'em learn the hard way, 'cause teaching them is more trouble than they're worth,")
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To: Arrowhead1952

A reel good righter.


80 posted on 03/19/2009 3:45:05 PM PDT by Conspiracy Guy (I voted Republican because no Conservatives were running.)
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