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White House: Millionaire tax isnít enough
Yahoo ^

Posted on 10/07/2011 12:25:45 PM PDT by Sub-Driver

White House: Millionaire tax isn’t enough Neil Munro -- The Daily Caller 39 mins ago

President Obama wants tax increases on the wealthy, regardless of whether the Democrats’ proposed millionaire tax becomes law, White House spokesman Jay Carney said Friday.

“The president’s position has not changed” since he called for increased tax rates on individuals earning more than $250,000 per year, and for adoption of the “Buffett Rule,” Carney said during his midday press conference.

Under the still-vague “Buffett Rule,” named for multi-billionaire investor Warren Buffett, the government would ensure wealthy people could not use current features of the tax code — such as the relatively low rate on capital gains income — to pay a lower tax rate than ordinary wage earners.

The Senate’s newly proposed 5.6 percent levy on taxpayers earning more than $1 million annually is “apples and oranges” to the president’s tax proposals, Carney said.

“Everyone [should] pay their fair share … it is simply a matter of making sensible choices,” he said.

Carney’s comments came a day after Obama said he was “comfortable” with the Democrats’ millionaire tax.

Democratic Senators from wealthy states have discarded Obama’s $250,000-cutoff proposal, instead pushing for a surtax on millionaires. This approach helpfully positions the White House to run a populist campaign against Wall Street while shielding most of president Obama’s upper-income supporters and donors in the professional and business sectors.

On Thursday, for example, New York Democratic Sen. Chuck Schumer described families who earned $250,000 as “firmly” in the middle class. “They are not rich, and in large parts of the country, that kind of income does not get you a big home or lots of vacations or anything else that’s associated with wealth in America,” he said, according to the New York Post.

(Excerpt) Read more at old.news.yahoo.com ...


TOPICS: Breaking News; News/Current Events; Politics/Elections
KEYWORDS: 0cola4unionteachers; 0colas4congress; 0colas4fedemployees; 0colas4obama; bhofascism; bhosocialism; bloodoftyrants; buffettrule; corruption; democrats; donttreadonme; fairshare; fedzilla; fraud; govtabuse; liberalfascism; makesorospay; marxism; obama; obamatruthfile; socialism; socialistdemocrats; spreadthewealth; starvethebeast; stealthewealth; taxcheatparty; taxes; taxtherich; tyranny
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Marxist..........
1 posted on 10/07/2011 12:25:47 PM PDT by Sub-Driver
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To: Sub-Driver

great then take Pelosi’s money zero’s money Soros money and the Dems money.

Oh and not forgetting Van Jones money, Yea lets take the rich peoples money but we’ll start with them first .

What Pelosi wants to keep her money , they all do wow that is strange I thought they hated rich people and they have too much money.

ARF

HYPOCRITES


2 posted on 10/07/2011 12:27:40 PM PDT by manc (Beckett08 an anti war Answer troll who had to re-register. don't feed the troll, they'll send PM's)
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To: Sub-Driver
“Everyone [should] pay their fair share … it is simply a matter of making sensible choices,” he said.

Let's start with the one's that pay nothing now.

3 posted on 10/07/2011 12:28:33 PM PDT by Michael Barnes (Obamaa+ Downgrade)
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To: Sub-Driver
“Everyone [should] pay their fair share...

I agree, the poor need to pay some income taxes as they currently don't pay any.

4 posted on 10/07/2011 12:28:58 PM PDT by Drill Thrawl (0 - 537 They ALL must go.)
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To: Sub-Driver

Of course it’s not enough. If the marxist had his way, he’d take every penny that every American earns, and then give us monthly stipends and government housing.


5 posted on 10/07/2011 12:29:48 PM PDT by Jess79
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To: Sub-Driver

the top 1% of filers pay 40% of the bill

which means 1.4m people are paying 40% of the total tax burden of the 330m in the country.

or 0.4% of the population pays 40%

yes, they are not paying their fair share. not even close.

they are paying FAR BEYOND their fair share


6 posted on 10/07/2011 12:30:31 PM PDT by sten (fighting tyranny never goes out of style)
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To: Sub-Driver

You could confiscate their wealth and it wouldn’t cover next years budget.

But it WOULD ensure 20% unemployment and 50% less Federal revenue the following year.


7 posted on 10/07/2011 12:30:37 PM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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To: Sub-Driver
Not just Marxist, but dumb marxists.

What is the current top rate for taxes? 28% for earned income and 15% for capital gains? How many of the "rich" are paying that? John Kerry certainly isn't.

Disclaimer: I AM NOT ADVOCATING RAISING TAXES, but if I was going to raise taxes it would be by simplifying the tax code and eliminating deductions and loop holes. When they raise these rates those that can will have even more reason to seek out every possible loophole.

8 posted on 10/07/2011 12:30:54 PM PDT by USNBandit (sarcasm engaged at all times)
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To: Drill Thrawl

they’ve got you arguing the wrong thing... typical for the left

the real problem isn’t the amount being brought in... it’s the amount being sent out.

CUT GOVERNMENT SPENDING NOW!

it must not exceed 90% of the previous years tax revenues.


9 posted on 10/07/2011 12:32:55 PM PDT by sten (fighting tyranny never goes out of style)
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To: Sub-Driver

Obama is an idiot.


10 posted on 10/07/2011 12:33:38 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: sten

Just abide by the constitution and there would be no need for high taxes or big spending. An estimated ninety percent of our current government is unconstitutional.


11 posted on 10/07/2011 12:36:26 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Sub-Driver

I hate to have to point this out, but what do people think will happen if the government doesn’t take the millionaires’ money? Their have less to roll around in like Scrooge McDuck? No, it’s gonna take income away from the Forgotten Man and hand it out to union workers and loafers, that’s what. The less money government spends, above a certain point—no one knows where exactly, but millions of leagues bellow the current point—the richer are the people.

Obama, Buffet, and all Keynesians alike see the economy as a bunch of Scrooge McDucks, with their silos of idle cash, pondering whether or not to throw scraps to the “little guys.” Never does Scrooge have an incentive to withdraw on his own, and government exists to determine how much stays in the silo and how much pays for infrastructure, energy consumption, and Huey, Dewey, and Louie’s higher education, among other things.

The ideal balance is nothing in the silo and bridges with solid gusset plates as far as the eye can see. But they’ll settle for a couple of coins for Scrooge to rub together, so the old miser has something to enjoy.


12 posted on 10/07/2011 12:36:53 PM PDT by Tublecane
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To: Tublecane

Their have less = They’d have less


13 posted on 10/07/2011 12:38:34 PM PDT by Tublecane
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To: Jim Robinson

i wouldn’t doubt it for an instant


14 posted on 10/07/2011 12:38:34 PM PDT by sten (fighting tyranny never goes out of style)
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To: Sub-Driver

Does Obama understand that besides food and gas going up, there are government fees on everything and new ones are being created all the time. And the Fed is just one more leach.


15 posted on 10/07/2011 12:40:07 PM PDT by Sacajaweau
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To: sten

The AMT should be clipping everyone who earns more than $200K per year anyway. So what’s the argument?


16 posted on 10/07/2011 12:43:44 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Sub-Driver
White House: Millionaire tax isn’t enough

The Kenyan is dancing all around it but can't bring himself to say it. What Obama really wants is a 'white tax', plain and simple!!!

17 posted on 10/07/2011 12:44:58 PM PDT by varon (Allegiance to the Constitution, always. Allegiance to a party, never!)
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To: Sub-Driver

Forget the millionaires!!! Let’s start taxing politicians that vote for tax increases and give away OUR money!! 200% would be a good starting point!

OH! And lets eliminate all funding for presidential libraries and museums!! The GAO spending huge amounts of money keeping these monstrosities open!!!


18 posted on 10/07/2011 12:45:08 PM PDT by RdhseRat
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To: Sub-Driver

Millionaires and Billionaires, you know, the ones flying around in their corporate jets and making over $250,000 per year. When that isn’t enough, they will expand the millionaire and billionaire and rich to anyone with a job making $50,000 per year. POTUS is one big pathetic POS.


19 posted on 10/07/2011 12:45:19 PM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: varon
The Kenyan is dancing all around it but can't bring himself to say it. What Obama really wants is a 'white tax', plain and simple!!!

BINGO! DING! DING! DING!

They want an "employed white guy" tax. Nothing could be plainer.

20 posted on 10/07/2011 12:47:50 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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