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Keyword: classwarfare

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  • Gingrich: Romney’s mortgage deduction idea ‘class warfare’

    04/18/2012 7:21:51 PM PDT · by SoConPubbie · 27 replies
    The Wall Street Journal - Market Watch ^ | April 18, 2012 | Robert Schroeder
    Republicans aren’t shy about lobbing the “class warfare” charge at Democrats. But now Newt Gingrich is aiming those words at Mitt Romney over Romney’s idea to scrap or limit the mortgage-interest deduction for second homes. Romney, the Republicans’ all-but-certain presidential nominee, told donors in Florida last weekend that he’d take away the deduction for high-income earners. His campaign later said it was just an idea, not a hard-and-fast policy. But Gingrich took it as gospel. “Governor Romney’s proposal to limit certain tax deductions based on income, including the deduction for mortgage interest on second homes, is a surrender to the...
  • Newt Gingrich slams Mitt Romney over limiting mortgage deductions

    04/18/2012 7:15:00 AM PDT · by Cincinatus' Wife · 47 replies
    The Atlanta Journal-Constitution ^ | April 18, 2012 | jJim Galloway
    “Conservatives believe in the classical American definition of fairness – that every American be treated equally under the law… “Governor Romney’s tax proposal violates that principle by giving politicians the power to carve out exceptions in the law for people of certain incomes. Furthermore, it sets the stage for future tax increases, as politicians will continually try to decrease the income threshold where citizens will no longer be able to avail themselves of the deductions.”
  • The eXiled’s Yasha Levine Contracted Scabies During Occupy Arrest

    04/18/2012 12:38:43 AM PDT · by 2ndDivisionVet · 10 replies
    Media Bistro's Fishbowl Los Angeles ^ | April 17, 2012 | Matthew Fleischer
    eXiled editor Yasha Levine still has a host of legal woes hanging over his head from being arrested while covering last November’s LAPD crackdown of OccupyLA. Turns out, those are the least of his worries at the moment. During his two-day stay in Los Angeles Metro Jail, Levine says he contracted a wicked case of scabies. Until a few days ago, I thought my scabies was just a gnarly poison oak rash that I had picked up in the Santa Monica mountains after losing the trail and having to cut through the overgrown backyards of multimillion dollar mansions. For weeks...
  • Republicans reject 'Buffett rule' in the Senate (51 to 45)

    04/16/2012 4:37:19 PM PDT · by Red Steel · 117 replies
    latimes ^ | April 16, 2012, 4:18 p.m. | Lisa Mascaro
    Reporting from Washington— Republican-led opposition blocked the 'Buffett rule' from advancing in the Senate, turning back an election year effort by President Obama to slap a new tax rate on those earning beyond $1 million a year. Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes. Democrats are likely to revive the effort in coming months. “Continuing to allow some of the wealthiest Americans to use special tax breaks...
  • Unsolved Mysteries: Why Were Conservatives So Enamored of Rick Santorum?

    04/13/2012 10:18:18 AM PDT · by Josh Painter · 105 replies
    Forbes ^ | 04/12/2012 | John Tamny
    Rick Santorum dropped out of the race for the Republican presidential nomination on Tuesday. Almost to a column, editorial and news account, the analysis centered on Santorum’s somewhat successful capture of conservative voters. And there lies the mystery. How could a man seemingly so opposite of conservative have entranced so many voters who label themselves just that? The easy answer is that as someone who made his religion such a prominent part of his campaign strategy... religious types who tend toward conservatism perhaps felt they’d found their man. [...] Indeed, if we ignore for a moment how very anti-conservative it...
  • "The Buffett Rule"

    04/15/2012 2:23:03 PM PDT · by Sasparilla · 3 replies
    Here's the latest Obama class warfare shot. He is trying to show that "millionaires" should keep less of their money because it belongs to him. It's a "Buffett Rule" calculator. But, there's no calculator for multi millions in taxes due and owing to the IRS by Buffett. The Direct link is above Their email said, " No household making more than $1 million each year should pay a smaller share of their income in taxes than a middle class family pays. This is the Buffett Rule—a simple principle of tax fairness that asks everyone to pay their fair share. ABOUT...
  • Youth, above all, shouldn't cast lot with left

    04/15/2012 1:25:41 AM PDT · by 2ndDivisionVet · 7 replies
    The Day ^ | April 15, 2012 | Red Jahncke
    Not since the "lost generation" of the First World War has the errors and miscalculations of their elders so disastrously affected the younger generation. Yet, today's youth seem curiously unaware of the bad hand dealt them. Witness the aimlessness of the Occupy Wall Street protest, whose cause and goal should have been clear. What enabled the young OWS protesters to camp out for months was their unemployed status. Indeed, the unemployment rate for all 16- to 24-year-olds is a stratospheric 17 percent. So jobs should have been their unambiguous and elemental cause. Instead, OWS squandered its energy on class warfare,...
  • Obama says US can't afford tax cuts for richest

    04/14/2012 9:23:03 AM PDT · by Free ThinkerNY · 23 replies
    Associated Press ^ | April 14, 2012
    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.
  • The European Evidence Shows Why the Left’s Real Goal Is Higher Taxes on the Middle Class

    04/14/2012 8:40:51 AM PDT · by Kaslin · 21 replies ^ | April 14, 2012 | Daniel J. Mitchell
    Why are taxes so much higher in Europe, consuming 46 percent of economic output compared to 32 percent of GDP in America? Is it because nations such as France, Greece, and Sweden have adopted the kind of class-warfare policies that Obama wants for the United States? Surprisingly, the answer is no.As explained by Veronique de Rugy, the United States actually has a more “progressive” tax code than European nations. The corporate tax rate is higher in the United States than in any European country, and the double taxation of dividends and capital gains also is far above the European average....
  • EDITORIAL: Obama’s tax hike patriotism

    04/13/2012 3:53:31 PM PDT · by jazusamo · 6 replies
    Washington Times ^ | April 12, 2012 | Editorial
    Wrapping the flag around big-government excess isn’t going to workVice President Joe Biden says paying higher taxes is patriotic. He must have forgotten that America was founded on a tax revolt. While pitching the Obama administration’s plan on Thursday to boost the burden on upper-income groups, Mr. Biden said, “Wealthy people are just as patriotic as middle-class people, as poor people, and they know they should be doing more.” This skewed take on patriotism was quickly retweeted by the White House. The message fits with the shameful class-warfare appeals that claim tax hikes are needed to keep firefighters on the...
  • For Obama, Fairness Is Class Warfare By Another Name

    04/12/2012 7:03:09 PM PDT · by Kaslin · 9 replies
    IBD Editorials ^ | April 12, 2012 | CHARLES KRAUTHAMMER
    Here we go again. At the beginning of his presidency, Barack Obama argued that the country's spiraling debt was largely the result of exploding health care costs. That was true. He then said the cure for these exploding costs would be his health care reform. That was not true. It was obvious at the time that it could never be true. If government gives health insurance to 33 million uninsured, that costs. Costs a lot. There's no free lunch. Now we know. The Congressional Budget Office's latest estimate is that ObamaCare will add $1.76 trillion in federal expenditures through 2022....
  • You Pay for Warren Buffett's Medicare

    04/13/2012 5:17:21 AM PDT · by Kaslin · 14 replies ^ | April 13, 2012 | Mona Charen
    The president is barnstorming around the nation hoping to enrage voters at the injustice that the wealthy pay fewer taxes than the middle class. "Now that's wrong," Obama objected, "That's not fair." It also isn't true. According to the National Taxpayers Union, in 2009, the top 1 percent of earners paid 36.7 percent of income taxes. The top 5 percent paid 58.6 percent. And the top 10 percent paid more than 70 percent. Social Security and Medicare taxes fall more evenly on all income groups (except the poor) but are lower. Further, Obama had the opportunity to repeal the Bush...
  • Should Taxes Be Raised on the Rich to help the economy? Help Freep this Poll!

    04/11/2012 9:39:35 AM PDT · by Howard Morrison · 44 replies
    Yahoo ^ | 4/11/12 | Howard
    Should Taxes Be Raised on the Rich to help the economy. Freep this poll (needs it badly). 64% say yes! Middle right of the page.
  • Rich aren't all rogues

    04/11/2012 5:27:01 AM PDT · by suspects · 9 replies
    Boston Herald ^ | April 11, 2012 | Michael Graham
    Who wants to be a millionaire? With Barack Obama in the White House — nobody. He has declared the hard-working and successful America’s Enemy No. 1. “Tax the rich to grow the economy” was USA Today’s headline on the president’s “Buffett Rule” speech. His premise isn’t merely that wealthy people aren’t “paying their fair share,” but rather that not shaking them down for more money is somehow keeping you from finding a better job. “What drags down our entire economy is the growing gap between the ultra-rich and everyone else,” Obama said yesterday. The president is right about one thing:...
  • Excerpts of the President’s remarks on the economy at Florida Atlantic University

    04/10/2012 10:33:27 AM PDT · by Oldeconomybuyer · 9 replies
    Local 10 TV News ^ | April 10, 2012
    BOCA RATON, Fla. -“So let me you ask you:  what’s a better way to make our economy stronger?  Giving another $150,000 tax break to every millionaire and billionaire in the country?  Or making investments in education and research and health care and our veterans?Right now, the share of our national income flowing to the top 1% has climbed to levels last seen in the 1920s.  And yet those same people are also paying taxes at one of the lowest rates in 50 years.  You might have heard this, but Warren Buffett is paying a lower tax rate than his secretary. That’s...
  • Obama team slams Romney for not paying "fair share" of taxes

    04/10/2012 8:20:34 AM PDT · by Oldeconomybuyer · 42 replies
    CNBC ^ | April 10, 2012
    WASHINGTON - President Barack Obama's campaign team attacked his likely Republican opponent, Mitt Romney, on Tuesday for not paying his "fair share" of taxes ahead of a speech by the president on why millionaires should bear a larger tax burden. Obama's populist message is a clear swipe at Romney, the wealthy Republican front-runner likely to face him in the November 6 election, as the Democratic president seeks to appeal to blue-collar voters he will need to win a second term. One of the richest men ever to seek the White House, Romney paid an effective tax rate of 13.9 percent...
  • Obama on Why Michelle Was a Working Mom (at $316K Per Year): ‘We Didn't Have the Luxury for....

    04/09/2012 1:55:50 PM PDT · by Sub-Driver · 51 replies
    Obama on Why Michelle Was a Working Mom (at $316K Per Year): ‘We Didn't Have the Luxury for Her Not to Work’ By Terence P. Jeffrey April 9, 2012 ( - Speaking Friday at what the administration called “The White House Forum on Women and the Economy,” President Barack Obama said that after his two daughters were born, he and his wife—both Harvard Law School graduates—could not afford the “luxury” of having her stay home with the children. In 2005, when Obama began serving in the U.S. Senate (and his daughters turned 5 and 7), he and his wife were...
  • George Soros predicts riots, police state and class war for America (from the architect himself)

    04/07/2012 11:42:25 AM PDT · by E. Pluribus Unum · 61 replies ^ | 25 January, 2012
    George Soros, Chairman of Soros Fund Management (AFP Photo / Brendan SMIALOWSKI) Billionaire investor George Soros has a new prediction for America. While it might be as dire as it gets for the financial wiz, this bet concerns more than just the value of the buck. According to Soros, there's about to be an all-out class war.Soros, 81, previously bet against the British pound in the early 90s and made $1 billion off its collapse. In the years since, he’s remained active in investing, but also in advocacy. He’s helped keep Wikipedia afloat thanks to impressive contributions and through...
  • Which Pays Fair Share of Taxes, ExxonMobil or GM?

    04/03/2012 11:52:14 AM PDT · by jazusamo · 2 replies
    National Legal & Policy Center ^ | April 3, 2012 | Mark Modica
    One thing that I have realized about the rhetoric surrounding green energy initiatives and the proclamations by Team Obama glorifying companies like General Motors while vilifying others like ExxonMobil is that the claims and the facts are worlds apart. Voters are led to believe that evil oil companies like ExxonMobil are getting a free pass and not paying their fair share while the supposedly patriotic GM is an American success story which now contributes to society and builds miracle cars like the Chevy Volt which will free the US from foreign oil dependence. One set of facts that is...
  • Obama calls on Congress to pass 'Buffett Rule' tax

    03/31/2012 10:13:58 AM PDT · by Free ThinkerNY · 17 replies
    Associated Press ^ | March 31, 2012 | JIM KUHNHENN
    WASHINGTON (AP) -- President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last September that aims to draw sharp election-year lines between the president and the Republican opposition. The plan, scheduled for a vote in the Democratic-controlled Senate on April 16, stands little chance of passing in Congress.