Skip to comments.Reid:Republicans Allow Millionaires To Keep Gaming The System While Middle Class Picks Up The Tab
Posted on 04/17/2012 4:06:57 PM PDT by mdittmar
Washington, D.C. Nevada Senator Harry Reid spoke on the Senate floor today on Senate Republicans rejecting the Paying a Fair Share Act. Below are his remarks as prepared for delivery:
Yesterday Senate Republicans once again rejected the idea that millionaires and billionaires should contribute their fair share to help this country prosper.
Republicans sent a message to millions of honest, hard-working Americans who will file their taxes today: its fair for Warren Buffett to pay a lower tax rate than his secretary.
Republicans said its fair for Mitt Romney to pay a lower tax rate than his cleaning lady or his chauffer.
They believe its fair for hedge fund managers and executives to pay a lower tax rate than school teachers and waitresses and bus drivers.
Thats just crazy.
But thats not my word for it. Thats what President Ronald Reagan called a system of unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share.
In 1985, Ronald Reagan knocked the web of loopholes that allowed people making hundreds of millions of dollars each year to pay lower tax rates than construction workers or janitors. President Reagan called it crazy.
This broken system made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, Reagan said.
But the same system is in place today. And, as that radical liberal Ronald Reagan said, Thats just crazy.
Yesterday my Republican colleagues used some strong words to oppose Democrats plan to right that inequality.
Republicans called our common-sense proposal to ensure no one making more than a $1 million a year pays a lower tax rate than a truck driver, a secretary or a police officer class warfare.
Republicans are pushing a budget that would end Medicare as we know it, slash nursing home coverage for the elderly, decimate Pell Grant funding and kick 200,000 kids out of the Head Start Program.
And theyre calling our proposal class warfare?
I wish that were the most ridiculous thing Republicans have said about our proposal to bring a measure of fairness to Americas tax system. Far from it.
One member of Senate Republican Leadership equated this measure to shooting ourselves in the head.
The Paying a Fair Share Act also called the Buffettt Rule would have ensured millionaires and billionaires paid at least as much as their secretaries, assistants and nannies.
Yet Republicans think asking those lucky millionaires and billionaires to contribute their fair share is just like shooting the country in the head.
Our legislation would have protected 99 percent of small business owners, and maintained deductions for charitable giving.
And it would have been a small but meaningful step to reduce our deficit at a time when every penny or in this case, every billion counts.
It doesnt seem radical to me to ask Warren Buffett who made almost $63 million in 2010 to pay a higher tax rate than his secretary.
It didnt seem radical to Ronald Reagan, either.
And it doesnt seem radical to the three-quarters of Americans who support our legislation.
The wealthiest Americans take home a greater percentage of the nations income than at any time in nearly a century. Yet they enjoy the lowest tax rate in more than 50 years.
So its no surprise Americans believe millionaires should shoulder their fair share.
Even two-thirds of millionaires and a majority of Republicans around the country agree its time to fix a system rigged to favor of the richest of the rich.
Republicans in Congress are the only ones who arent on board.
If you need evidence that millionaires and billionaires can afford to contribute a little more, consider this fact: last year there were 7,000 people who made more than $1 million but didnt pay a single penny in federal income taxes. Not one thin dime.
Thanks to Republicans, those lucky millionaires and billionaires can keep gaming the system, while middle-class workers keep picking up the tab.
He and his so-called "progressive" friends don't 'get it'--that it's all about personal liberty and freedom and opportunity!
When some imperfect individuals, who believe themselves to be more knowing than other likewise imperfect individuals, must use coercion in any of its forms to impose their wills on their fellows, then tyranny reigns and freedom is trampled.
America was built on another idea! The explosion in opportunity, innovation, invention, goods and services, and the transformation of a wilderness peopled with individuals carrying axes and hoes into the greatest nation on the globe did not come about because a few imperfect people made decisions for everyone else.
America became that place because "the People" adopted a Constitution which put chains (Jefferson) on their representatives in government and left themselves ("the People") free to choose for themselves which tools they would create and which objects they would produce and how they would use their the fruits of their own labors.
"Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise." - Thomas Jefferson
"The enviable condition of the people of the United States is often too much ascribed to the physical advantages of their soil & climate .... But a just estimate of the happiness of our country will never overlook what belongs to the fertile activity of a free people and the benign influence of a responsible government." - James Madison
Harry knows how to game the system much better than most.
America must not allow anyone to be a millionaire!
We must punsih millionaires by taxing them so they pay what we find is a “fair” amount.
If you succeed in life, you must be punished for being successful.
Excuse me young, urban black youth...what does this tell you about the government’s thoughts about you being successful in America?
5...Piece of $hit
6...Is a Mormon, so may have multiple wives and might be secretly married to Dick Durbin and Chuck Schumer.
Isn’t Harry a millionaire from all those casino kickbacks?
Speaking of gaming the system; are those mob ties still working out for you, Harry?
I wish I honestly knew a good translation for this word phrase (Game The System) in Spanish, we have a LOT in Latin America that have learned how to GAME THE SYSTEM.
Harry Reid is right. Republicans have been allowing him and Nancy Pelosi and Steny Hoyer-— all Millionaires,and many more in the Congress, to game the system for years and years.
What tab would that be Harry? Any numbers?
He would know. BTW, Dingy Harry is exempt from Commiecare.
Harry is a Reagan fan now?
Liberals - they don’t make sense, but at least they’re unprincipled.
Buffett Rule would help stop all those millionaires and billionaires from giving all that money to charity and give it to the government ,the way it should be , is that right Harry ,fess up
What about the rich Hollywood elite? What about rich liberals? Pelosi? Reid? What about effing John Kerry? What about rich liberal businessmen, and bankers, and corporate ceo’s? Liberal media moguls? Liberal media anchors?
Why are they never singled out by the liberal democrats as earning too much, having too much, not paying their fair share?
“Harry knows how to game the system much better than most.”
Sadly he has proven much more successful in driving his agenda than Mr. Boehner.
When FDR imposed tax increases on the ‘rich’, the increase in revenue did not result. Many wealthy individuals were dragged into court only to find that they did nothing illegal.
The ‘Progressives’ destroy the middle class with their policies but they use tactics such as blaming the enemy as a smoke screen.
I found a good definition: "To use the rules and procedures meant to protect a system in order to instead manipulate the system for a desired outcome."
Obviously a bit long, but maybe this will give you some ideas.
And here's another link with a bunch of good ideas:
For all the years the dems were totally in charge, what did they do to reform tax law and fix the exploitable loopholes? Oh, that’s right. They needed to wait for the most profitable election year to bring it up.
This statement is utter nonsense. "Fair Share" as defined by a corrupt, incompetent government would be a moving target, but in one direction -- to increase taxes on everyone and anyone who actually works.
I think it is "fair" simply to cut mindless spending to balance the budget.
Everyone already is paying their "fair" share according to the tax code currently being enforced.
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