Skip to comments.Jarrett / Obama Debt Commission: Let's lower taxes and broaden the base
Posted on 09/04/2012 1:44:55 PM PDT by ExxonPatrolUs
Lets broaden the base, lets reduce the rate, Jarrett said at a Bloomberg breakfast in Charlotte, North Carolina, the convention site. That means we are going to close some loopholes, but thats going to benefit the broader business community... The long-term sustainable growth rests with the private sector, she said. The president knows that.
It only took 3-plus years and an extra 5.3 trillion added to the national debt to arrive at this??????????????????????
Except Obama has no interest or intention of doing that. It just more “boob bait for the bubbas” like Clinton use to spew.
She said WHAT?
I believe Obama wants to close loopholes—like decreasing the charity deduction, raising the limit before deductions on health expenses, etc—but only insofar as they screw the moderately well-to-do.
The real focus is on raising money so he can further spend in the name of redistribution while pushing the deficit limits the bond market will tolerate.
If Valerie said this, either she didn’t mean it, or she was responding to the R/R planks on tax policy.
What??? Why didn’t I realize that Valerie Jarrett was a closet Austrian economist? Could be that clever Marxist disguise she wears on her sleeve.
When the Takers outnumber the Makers...
OK, let’s broaden the base to include those who pay zero in federal income tax. A flat 5%, just so everyone has some skin in the game!
But wait, they’re so poor, it would starve them! < /lib response >
That’s what charities are for! < /my response >
She has it half right, as usual.
You close the loopholes while at the same time reduce marginal rates across the board. No exceptions.
Liar, liar pants on fire.