Skip to comments.Another Offensive Obama Speech: The Warren Buffett Tax Hike Plan
Posted on 09/19/2011 2:08:20 PM PDT by Evil Slayer
RUSH: Well, folks, did you hear President Obama's... what was that? It was a teleprompter campaign speech in the Rose Garden. There was an audience there, but they didn't applaud until it was all over. I don't know what we're dealing with here. In terms of stability, this was bold, bald-face lying to the American people, compounded on top of lies I don't think I even saw during the Clinton years. This today was just very troublesome, worrisome. He raised more straw men in one stump speech -- and that's what this was, a campaign stump speech -- he raised more straw men than all the farmers in history have straw. I mean I had trouble keeping up with this. At times I got bored, other times I got angry. And, yes, I've got details of it, but, you know, Geithner followed it up with a meeting in the pressroom with Jay Carney and said, (paraphrasing) "Yeah, we're trying to make the tax code more fair. People that have benefited from this country need to pay more, and their fair share for having benefited, having done well here."
They're calling it the Buffett Tax. You know, Warren, would you pay your secretary a little bit more instead of us sitting here having to hear how she pays a higher tax rate than you do? Why don't you just give her a raise, Mr. Buffett? For crying out loud, what are we talking about here? Here's a guy, a trillionaire, who is running around talking about how his secretary pays a higher tax rate than he does, which isn't actually true. Give her a raise, for crying out loud. This poor woman is being paid to sound like she can barely get
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This whole thing confuses me. I realize people wish very dearly to believe strange things, since only ordinary people are tied down by the mundane truth. But does anyone really, deep down, in their heart of hearts, believe Buffet pays less in taxes (the taxes he actually pays, that is) than his secretary? Or, if he did, that his secretary was scandalously overpaid? Is anyone buying this, including Obama? Or is it all a big joke at my expense?
You have no idea how fortunate you are that Ubama agreed to be your ruler.
He won, and you need to show some respect or something bad could happen to you.
Warren, you stupid slut.
The joke is they are comparing capital gains to income tax.
Why not just compare it to sales tax and make it better!
Buffet’s secretary pays 25% in income tax and he pays less than 10% in sales tax! O NOES
You have no idea how fortunate you are that I agreed to be your ruler.
I won, and you need to show me respect or something bad could happen to you.
Much, much better.
It’s simple, reduce Capital gains taxes by 10% and identify ever single loophole that Buffet and Immelt use to pay NO taxes and eliminate them.
That should generate at least half a trillion.
Let's ask the question another way, if I'm to take a risk investing money, shouldn't I get a higher return than someone who takes no risk? What's my incentive to invest if Husein just comes along and takes 1/3 of what I make? At the same time if a stock goes south on me, why is it I can only write off $3000.00/yr on the loss?
When Husein first proposed this using Buffett and his secretary as the example, my first question was, "Well then why don't we lower the secretary's tax rate to 15%?". Then again, maybe in the world of liberalism I have things all backwards.