Posted on 07/16/2011 6:29:23 AM PDT by JudyM
The Democrats position in the negotiations to raise the debt limit and deal with runaway government debt can be summarized in one mantric phrase: the rich must pay their fair share in taxes. White House communications director Dan Pfeiffer, for example, said a day before the Obamas Sunday summit with Congressmen that any deal requires a balanced approach that asks the very wealthiest and special interests to pay their fair share. Earlier this year, Illinois Congressman Jan Schakowsky introduced legislation called the Fairness in Taxation Act, which she justified by saying Its time for millionaires and billionaires to pay their fair share. Clearly, the Democrats think this is a winning formula going into the critical 2012 elections, despite the historically verified fact that raising tax rates on top earners will not over time generate more tax revenues.
(Excerpt) Read more at victorhanson.com ...
The definition of E E O C:
Republican-Equal Employment Opportunity Commission.
Democrat-Equal Economic Outcome Commission.
Thanks for posting, JudyM. HOORAY Bruce S. Thornton!
(It’s the socialism, stupid!)
DEFUND all socialist collectives, foreign and domestic.
Hey! He swiped my tagline! :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.