Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama says US can't afford tax cuts for richest
Associated Press ^ | April 14, 2012

Posted on 04/14/2012 9:23:03 AM PDT by Free ThinkerNY

WASHINGTON—President Barack Obama says the nation can't afford to keep giving tax cuts to the wealthiest, "who don't need them and didn't even ask for them."

Obama is using his weekly radio and Internet address to urge Americans to ask their member of Congress to support the "Buffett Rule," which is named after billionaire investor Warren Buffett, who says he pays a lower tax rate than his secretary.

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


TOPICS: News/Current Events
KEYWORDS: buffettrule; classwarfare; taxes

1 posted on 04/14/2012 9:23:07 AM PDT by Free ThinkerNY
[ Post Reply | Private Reply | View Replies]

To: Free ThinkerNY
President Barack Obama says the nation can't afford to keep giving tax cuts to the wealthiest, "who don't need them and didn't even ask for them."

Does this mean 0bama realizes that government spends too much?

2 posted on 04/14/2012 9:27:14 AM PDT by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

No, the country can’t afford YOU, Hussein!


3 posted on 04/14/2012 9:30:24 AM PDT by Thorliveshere
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Warren Buffet?Isn’t he the guy who owes a billion in back taxes??


4 posted on 04/14/2012 9:32:02 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Logic and critical thinking in our nation is rare indeed. How else can one explain the class warfare rhetoric that is so effective for the left when the wealthy actually pay a lower percentage than the middle class? How else can one explain the most vocal (and wealthy) leftists who pay a lower percentage than the middle class?

Every year, I notice on Turbo Tax the little box that asks if I want to give additional money to Uncle Sugar. Why don’t our superiors check this box?


5 posted on 04/14/2012 9:32:02 AM PDT by volunbeer (Don't worry America, our kids can pay for it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EGPWS

Ha, they don’t think they spend enough. They’d like far more control over the economy. The reality is the US can’t afford hussein and his cohorts in crime, nor others of their ilk who believe in socialist/fascist/communist control.


6 posted on 04/14/2012 9:32:02 AM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Free ThinkerNY

Reminds me of that “Holder’s People” Welfare queen holding up her electric bill complainin’ she cain’t pay it and gots to have ‘hep on it.

In the background is her widescreen mega Plasma TV, X-box, electric heater, etc.......(even the AJC photographer thought this was a hypocritical claime and took the shot purposefully).....


7 posted on 04/14/2012 9:33:44 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

So let’s cut spending Homie.


8 posted on 04/14/2012 9:38:10 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Barry’s All the Rich You Can Eat Buffet Rule again. oy.


9 posted on 04/14/2012 9:41:36 AM PDT by FlingWingFlyer (ObamaCare is like a stool sample. You have to pass it to find out what's in it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY
The rich spend money, lots of money, they buy houses, several , vacation, European, lake, city dwelling, they buy yachts, they buy several cars, planes, hire caretakers, maids, butlers, chauffeur, go out to eat at all sorts of fabulous places, buy jewelry, etc. ... they own businesses, they build empires IE (Trump Tower), casino's, golf courses... all of these things require lots of people to make, build, repair, work in one of the many jobs created by all this kind of spending. If and when they are taxed heavier, they will spend less, hire fewer or no people, as they just might shut down a business or two or three, ... they will still live well but they will put much less money into the economy ...

When the government gets more money they mostly waste it, the government is notoriously inefficient. They waste and spend on their own expense accounts freely and plenteously ... not a good idea. They do not care about the people.

Watch out you may get what you ask for ...

10 posted on 04/14/2012 9:43:08 AM PDT by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

There are more hard-working, industrious citizens not among the ‘rich’ who “who don’t need them and didn’t even ask for them,” than merits further destruction of the economy with this gimmick...


11 posted on 04/14/2012 9:44:52 AM PDT by mikrofon (NObama '12: Can't Afford It)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY
These "tax cuts for the rich" will pay the interest on the national debt for three days.

Like pissing into the ocean.

12 posted on 04/14/2012 9:46:25 AM PDT by E. Pluribus Unum (For every black person murdered by a white, thirty-nine white people are murdered by blacks.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

America can’t afford the criminal enterprise that isthe democrat party.

If Obama wins, he will likely not serve very long


13 posted on 04/14/2012 9:57:36 AM PDT by bert (K.E. N.P. +12 ..... Crucifixion is coming)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Ok, baraq we’ll take tax cuts for the wealthy off the table, and for that concession we are going to put the whole entitlement payoff scheme on the table.

We are going to cut welfre spending in all forms back to pre-1980 levels.

No, c’mon Baraq......no compromise?


14 posted on 04/14/2012 9:57:44 AM PDT by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Zer0 will not inform the country just how much increased revenue a tax increase would bring. Zer0’s proposal to increase taxes on the rich will generate $700 billion in extra revenue over the next decade, which obviously translates to roughly $70 billion per year—Zer0 drops in the bucket. And, the consequence of such a tax increase would cost in less investments, more tax sheltering and less jobs.

How did we get these bone heads in there pulling the strings of government?


15 posted on 04/14/2012 9:59:31 AM PDT by jonrick46 (Countdown to 11-06-2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

Our resident took a tax deduction oof $12,000 dollars for each of his kids this year. $24,000 dollars that he gave his children so he could use it as a deduction, but he claims other rich people like himself do not need tax deductions.

He is one gigantic hypocrit.

He also thinks no one else is smart enough to figure out that he is a hypocrit. Liar and hypocrit.


16 posted on 04/14/2012 10:15:01 AM PDT by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

If he’s so worried....Obama should have paid more than the 20.5% on his taxes.


17 posted on 04/14/2012 10:19:09 AM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 1 | View Replies]

To: jonrick46
$700 billion in extra revenue over the next decade, which obviously translates to roughly $70 billion per year—

I've see the numbers $40 billion over 10 years.

That's like thinking if you only had an extra 4 bucks, you could make that $400,000 mortgage payment.

18 posted on 04/14/2012 10:30:05 AM PDT by digger48
[ Post Reply | Private Reply | To 15 | View Replies]

To: geologist

The rich aren’t buying much these days.


19 posted on 04/14/2012 10:48:00 AM PDT by newzjunkey (Newt says, "A nominee that depresses turnout won't beat Barack Obama.")
[ Post Reply | Private Reply | To 10 | View Replies]

To: newzjunkey

Where I live (Texas) they seemingly spend as ever they did.


20 posted on 04/14/2012 10:57:45 AM PDT by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Free ThinkerNY
We can't afford to pay all the money it takes to keep the Obama's in luxury for the rest of their stinking lives!

I've often been asked, 'What do you old folks do now that you're retired?' Well, I'm fortunate to have a chemical engineering background, and one of the things I enjoy most is converting beer, wine and vodka into urine. Then I piss on a photo of Obama! I do it every day and I really enjoy it."

21 posted on 04/14/2012 11:06:37 AM PDT by IbJensen (We now have a government requiring citizens prove they are insured but not that they are citizens.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

... from the lips of the Soetoro ladyboy who pays a 21% tax rate


22 posted on 04/14/2012 11:32:53 AM PDT by VRWC For Truth (Throw the bums out who vote yes on the bailout)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Venturer

Our resident took a tax deduction oof $12,000 dollars for each of his kids this year. $24,000 dollars that he gave his children so he could use it as a deduction, but he claims other rich people like himself do not need tax deductions.

He is one gigantic hypocrit.

He also thinks no one else is smart enough to figure out that he is a hypocrit. Liar and hypocrit.””””

Correction:
Both Pbama & MICHELLE each ‘gave’ $12,000 ‘gifts’ to Each of the children, totally $48,000 in deductions!

I know that a gift up to $12,000 is not taxable income to the children——but where does it say that such a gift is a DEDUCTION for the giving party?

I need some tax help here, please.

Also- got word this AM that Obama took the deduction for “OFFICE IN HOME” !!!

If he did—he doesn’t LIVE in his Illinois residence!!! & the taxpayers fund all of his living expenses inside the White House!!!

Is this a deliberate fraud on Barry’s part???

IF so—delicious!!! Since it is a JOINT return—Michelle is equally responsible for such a declaration of a deduction!


23 posted on 04/14/2012 11:38:45 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 16 | View Replies]

To: ridesthemiles

Nothing this turkey does surprises me any more.


24 posted on 04/14/2012 7:29:18 PM PDT by Venturer
[ Post Reply | Private Reply | To 23 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson