President Obama Says the Rich Should Pay More in Taxes

 

Barack Obama said in his Saturday radio address that the rich should pay more in taxes. No one can say that he did not campaign on such a class-warfare issue. Although, I hardly believe that Obama has a mandate to raise taxes on the rich seeing that the American public voted for the status quo in sending back to Washington DC more gridlock with a Democrat President a Democrat Senate and Republican House. Also, Obama received far fewer votes than he did in 2008 and won reelection by a smaller amoint in 2018 than 2008.

President Barack Obama says he won’t accept a plan to avert the so-called fiscal cliff that doesn’t ask the wealthy to pay more in taxes.   In Saturday’s radio and Internet address, Obama says the election showed support for his “balanced” approach and Congress can provide certainty by extending tax cuts for middle-class families.

The White House says Obama would veto any legislation extending tax cuts for families making $250,000 or more.   Obama is expected to meet with congressional leaders next week.

For all of those people who think the rich should pay more taxes so that they can get “stuff”. I wonder how they are going to feel when Obama comes after them for raising taxes.  For all those sheeple that voted for Obama knowing that he campaigned on raising taxes, wait until you lose something precious to you do to your vote, like you job.



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  • The Obama’s Tax Return: Earned $1.7M in income and Paid $454K in Federal Taxes
  • Obama Back Peddling on Taxes … Press Corps Laughing at the Lameness of Gibbs Response & the Process
  • Warren Buffett Tells Congress To Raise Taxes On Wealthy … NO, STOP THE SPENDING!!!




  • Comments

    3 Responses to “President Obama Says the Rich Should Pay More in Taxes”

    1. Waterboy on November 10th, 2012 11:01 pm

      How come, no matter what I make, I am always rich?

    2. marmar on November 11th, 2012 11:37 pm

      Raise taxes on the rich? That is just too heartbreaking to handle, I feel the tears flowing. Now let’s be reasonable cut the old folks off from their lifeline…Social Security and Medicare. Phew with that thought I can sleep better.
      __________________________
      SM: Define rich? I think you will take it a bit serious if you or someone you care about is laid-off because a business cannot afford the tax increases. You really thing that $250K is rich living in Los Angeles, NYC, Chicago? You obviously know very little. Maybe your taxes should be raised. People who make less than you probably think you are rich. What makes some of you think that other people’s hard work, sacrifice and taking chances is your money?

      Greed and envy is nothing to be proud of.

    3. marmar on November 12th, 2012 7:48 pm

      Ok so people are going to get laid off because of the possible 5% tax increase that is only on the take home pay after business expenses and falls in the top marginal rate, that may or may not be what is actually paid after deductions. Couple that the possibility of lowered corporate taxes and with the cap of added social security tax that stops after 115,000 and yea I see your point how that would affect businesses incredibly. Also were any of these businesses around during the 90′s and if so how did they survive. Ok so you named 3 states that have high living expenses, unfortunately for your argument there are 47 more. This abstract definition of what rich is and the vagueness in which it is viewed is an argument void of any type of respect for the measure of a number. I get that people work hard as do I and I don’t believe it is my money but the last time I checked there is plenty of discretionary spending and otherwise that I do not agree with, and that you more than likely do that I don’t get a say on where my income goes either….this is the price of a civilized society and is what we elect others to legislate for us or is it you who knows very little.
      ____________________________
      SM: I could name several other cities and states that the same holds true.

      Since when does raising taxes spur economic growth? And I do not want to hear Clinton. Slick Willy had the benefit of a dot.com bubble and we all know how that turned out at the end of his presidency. It has already been determined that if you tax the rich 100% it will pay for the govt for a month.

      I just wonder what you will be saying when they come after you to increase your taxes? Think you will be singing a different story. Keep in mind, I am hardly the 1%, but I do not believe in stealing other people’s money so that I can have stuff.

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