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President Obama in weekly address: Millionaires are willing to pay higher taxes for my jobs bill
NY Daily News ^ | 10/29/2011 | Aliyah Shahid

Posted on 10/29/2011 8:54:56 AM PDT by tobyhill

President Obama says millionaires are ready to dig into their pockets and pay higher taxes.

The commander in chief pushed his $447 billion jobs bill during his weekly radio and internet address on Saturday, which would be paid for by an added tax on Americans who make at least $1 million a year.

These are the same folks who have seen their incomes go up so much, said Obama. I believe this is a contribution they re willing to make.

He cited a new report by the Congressional Budget Office as evidence that the plan to create construction projects and tax breaks for employers is critical to stimulate job growth.

The report found that average after-tax income for the top 1 percent of households increased by a whopping 275% over the past 30 years. In contrast, middle-income households saw just a 40% increase, while the bottom tier saw an 18% jump.

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


TOPICS: Extended News; News/Current Events
KEYWORDS: obamabinlyin; youlie
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Nothing is stopping them!
1 posted on 10/29/2011 8:54:58 AM PDT by tobyhill
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To: tobyhill

Nothing is stopping them from digging into their pockets and hiring employees themselves.

Hey, Mr. Millionaire! Want to hire me to put all your correspondence and Very Deep Thoughts into grammatically-correct prose that makes sense, too?


2 posted on 10/29/2011 9:01:49 AM PDT by Tax-chick (Dan, is that your eyeball on the floor?)
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To: tobyhill
Obama has seen his income go sky hi... yet he claimed all the Bush tax cuts he could on his taxes last year it was reported..he is a millionaire, he could give all his money to the treasury and live on his salary.
3 posted on 10/29/2011 9:03:07 AM PDT by JoanneSD (TEA PARTY VERSES TEE TIME)
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To: tobyhill
President Obama says millionaires are ready to dig into their pockets and pay higher taxes.

I don't have a problem with that if they want to donate their cash, it's their prerogative.

Just as long as they keep their hands out of my pocket!!!!

4 posted on 10/29/2011 9:03:40 AM PDT by EGPWS (Trust in God, question everyone else)
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To: tobyhill
These are the same folks who have seen their incomes go up so much, said Obama. I believe this is a contribution they're willing to make.

Same-old same-old Lib buzz words...

5 posted on 10/29/2011 9:05:22 AM PDT by mikrofon (Let them pay for the cake...)
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To: tobyhill

I don’t believe one word of his statement.

His buddy Buffett is spending thousands of dollars on lawyers & accountants to avoid paying what the IRS says he owes. Some reports have the amount owed to over a BILLION dollars, with penalties & interest included.

When I win the Lottery, I will pay what I owe, but I will NOT be paying more voluntarily!!!!


6 posted on 10/29/2011 9:05:44 AM PDT by ridesthemiles
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To: tobyhill

Scr*w Obama, and his socialist spending bill.

Just say no.


7 posted on 10/29/2011 9:05:44 AM PDT by Cringing Negativism Network (America First)
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To: JoanneSD
....he could give all his money to the treasury and live on his salary.

It's peculiar that 0bama thinks that $200,000 is plenty for ANY family to live on......while he is taking in a BASE salary of $400,000 + expenses.

8 posted on 10/29/2011 9:06:57 AM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Last week, didn’t I see Obama’s income was 1.8 million?

As in millionaire and billionaire?...


9 posted on 10/29/2011 9:08:24 AM PDT by Cringing Negativism Network (America First)
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To: tobyhill

The millionaires who support Obama’s tax hike are the Cronies who still would be exempt from paying taxes.

It is cheaper for them to buy politicians.


10 posted on 10/29/2011 9:17:22 AM PDT by UnwashedPeasant (Don't nuke me, bro)
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To: tobyhill
President Obama says millionaires are ready to dig into their pockets and pay higher taxes.
They know what will happen to them if they do not do so, cheerfully.



I was surprised to learn that the event in the famous Monopoly game had a precedent in real life, the trials of Samuel Insull.


11 posted on 10/29/2011 9:20:02 AM PDT by jmcenanly (Things will be better in 2013)
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To: EGPWS

And we pay for his housing, meals, transportation, etc. Why does he need a salary at all?


12 posted on 10/29/2011 9:20:28 AM PDT by LOC1 (Let's pick the best, not settle for a compromise.)
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To: LOC1
Why does he need a salary at all?

His speak doesn't match his action does it.

13 posted on 10/29/2011 9:25:58 AM PDT by EGPWS (Trust in God, question everyone else)
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To: tobyhill

Didn’t the idiot kenyan mean that those millionaires who ass kiss him every day because they are libs morons?


14 posted on 10/29/2011 9:27:15 AM PDT by max americana
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Do You Want FR To Survive?


Click The Starving Forum Skeleton To Donate

Then Support Your Forum

15 posted on 10/29/2011 9:34:58 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: tobyhill

A duel rate system does not need to be complicated. You could have two sets of tax tables: one for the current (with Bush tax cut) and one for the proposed (sans Bush tax cut, or whatever other rise is suggested). Just as you can tick a box for contributions to campaign funding, you can tick a box that says you will be using the second (higher) tax table.

All other tax law and forms would remain unchanged. Except for the tax amount pulled from the tables, all calculations would remain unchanged. Anyone could tick that box, there would be no penalty for not ticking it. Gates, Buffet, and all those other billionaires could pay to the hearts content. Indeed anybody who wanted to pay extra could. The idea is hardly original but is certainly easy to implement.

If you wanted to add complexity, you could add boxes that would direct your extra tax payment to, the jobs plan, debt reduction, or general government.


16 posted on 10/29/2011 9:38:32 AM PDT by evilC
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To: tobyhill

Pelosi and pals all willing to pay mo taxes to create green jobs

Like in Solyndra etc

Oh wait, their relatives and cronies are getting all those green jobs!


17 posted on 10/29/2011 9:39:21 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks tobyhill.


18 posted on 10/29/2011 9:43:20 AM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: tobyhill

I wish whichever one of owebama’s handlers that is in charge of programming his speech centers would input some new words so he stops repeating the same tripe ad nauseum.


19 posted on 10/29/2011 9:47:13 AM PDT by 43north (BHO: 50% black, 50% white, 100% RED)
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To: tobyhill

If that’s true, Barry should be putting the money they give him at his “fundraisers” into the U.S. Treasury and not into his “campaign war chest”. Turn over the checks Barry!!!


20 posted on 10/29/2011 9:50:36 AM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
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