Posted on 09/19/2011 1:16:36 PM PDT by Nachum
Jack Lew today couldnt say how an additional tax on millionaires and billionaires will create jobs and barely confirmed that he thinks such a tax will at least contribute to deficit reduction. The director of the Office of Management and Budget appeared this morning on Fox News Happening Now to defend the presidents just-announced proposals to trim the deficit proposals that are a part of his overall jobs plan. Foxs Jenna Lee asked Lew how the tax will reduce the nations high rate of unemployment.
Todays plan puts into place a balanced, fair approach to doing the $4 trillion of deficit reduction we need to get to a point where our deficit as a percentage of the economy is at a sustainable level, Lew told her. Whichever way you go is a hard choice. Theres a Republican budget in the House that would make severe changes in Medicare and turn it into a voucher program. It would reduce spending on things like education and research and development to the point where we couldnt invest in what we need for the future.
Better to tax the super rich, Lew suggested.
We believe theres a fundamental unfairness to have middle class people paying higher marginal tax rates than millionaires and billionaires, Lew said. Were not saying we should have a confiscatory tax rate; were saying its just not fair to have a world where its so unbalanced.
(Excerpt) Read more at hotair.com ...
Unless you count “You’re not paying your fair share” is something “wrong”.
The list, ping
Let me know if you would like to be on or off the ping list
Of course they see nothing wrong with people earning a lot. That just means they get to confiscate a lot!
They approve of earning a lot, so long as Obama gets to spread that wealth around. After all, when a communist spreads other people's wealth around, "everyone benefits", and it's not like the rich are going to stop working so hard just because they are demonized and their share of what they produce beyond their own basic needs is taken away by the Regime.
Jack Lew is an idiot. It’s a requirement to be in this administration.
They can earn it. They just can’t keep it. That money is for those who DON’T earn it.
Every time anyone uses the term ‘fair share’ they need to be asked ‘What is fair about 48% of the people paying absolutely zero while the other half pay it all?’
OMB director: Were not saying theres anything wrong with people earning a lot
oh no. It is perfectly OK as long as they are working for the government.
“It would reduce spending on things like education and research and development to the point where we couldnt invest in what we need for the future.
less money from us = less money for Solyndra
Is this a Seinfield episode or our “leaders”? What a joke...
Jack Lew is not saying theres anything wrong with (him and his cronies or ‘his people’) earning a lot
Democrats are damn filthy, crooked thieves that always see others with money they want to steal.
It is not about making America great. For Democrats it is only about lying, stealing and buying votes SO THEY CAN HAVE THEIR LARGESS.
Filthy rich like, shall we say, Feinstein, Pelosi, Kerry, Boxer, Reid, Frank, Schumer, et al.? How much do all these self-serving, arrogant, hypocritical Elitists pay in taxes compared to their wealth? What loop holes do they use? Why don’t they donate more of their wealth to help the downtrodden? Same goes for the Liberals in Hollyweird. Don’t see any of them donating their millions to the poor do ya? They would rather steal your hard-earned money and give it away while keeping their own. Can we say hypocrites? Can we say corrupt hacks? Can we say Elitist RATs?
This isn't going to hurt.
You can trust me.
The PC isn't dead.
I'm not lying.
The truth: We will punish you if you earn a lot. It will hurt. You can't trust a person who says you can trust them because trustworthy people never have to say it. The PC is dead. A person telling the truth doesn't have to tell you he's telling the truth... that's what a liar says...
We need a Constitutional Convention to correct this Country.
Politicos should be changed like diapers, and for the same reason ................................... FRegards
We need a Constitutional Convention to correct this Country.
Politicos should be changed like diapers, and for the same reason ................................... FRegards
Damn .......................................................... Damn
STFU, you marble-mouthed bureaucrat!
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