Posted on 09/17/2011 6:25:24 PM PDT by NoLibZone
WASHINGTON, Sept 17 (Reuters) - President Barack Obama said on Saturday that Americans need to be ready to "pay their fair share" to narrow the U.S. deficit, previewing his proposals to Congress that are expected to include more taxes on the rich.
In his weekly radio and video address, the Democrat said his $447 billion jobs plan that features tax breaks for workers and small businesses, plus funds for public works projects and schools, "will not add to the deficit. It will be paid for."
"On Monday, I'll lay out my plan for how we'll do that -- how we'll pay for this plan and pay down our debt by following some basic principles: making sure we live within our means and asking everyone to pay their fair share."
Obama has repeatedly argued for the wealthiest Americans to face higher taxes with fewer loopholes and exceptions as part of the effort to ensure the U.S. debtload remains in control.
He is likely to float more taxes on the rich, as well as companies getting some tax breaks, in his Monday suggestions to a congressional "super committee" tasked with finding at least $1.2 trillion in budget savings over 10 years. [ID:nS1E78F17K]
Republicans, who have raised the volume on Washington's fiscal problems as the November 2012 presidential election nears, see higher taxes on the wealthy as a problem for jobs, given that entrepreneurs and companies would be strongly affected.
In his party's weekly address, Republican Congressman Peter Roskam said Obama's barnstorming about the jobs bill had masked other constraints on the economy that are keeping people from getting back to work.
"Washington has become a red tape factory, with more than 4,000 rules in the pipeline -- hundreds of which would cost our economy more than $100 million each annually," Roskam said.
(Excerpt) Read more at reuters.com ...
Buffet’s not careful and it could destroy his empire...people don’t look kindly at being in any way associated with a guy that’s trying to destroy this country.
When will Soros pay his fair share?
hussein dunham is instituting the congressional communist caucus “peoples budget”...check it out...
http://cpc.grijalva.house.gov/index.cfm?sectionid=70
Typical liberals — very good at spending other people’s money, not so good at parting with their own.
GE paid what they thought was their fair share. Zero, plus moved 2 technical divisions to China costing thousands of American jobs. But that was OK since GE, NBC, etc. support BO to the bitter end.
Typical liberals — very good at spending other people’s money, not so good at parting with their own.
What is my fair share, Mr. Obama?
Obama used accounting and loopholes to pay less than the Bush rates in 2010.
Buffet pays only 17%. Buffet owes back taxes for each years starting in 2002.
FIRST get the wealthy liberals from Hollywood to pay the 34% Bush Rates-
then we can see if we need to raise the non collectible rates to buy nore votes.
Because we who can’t afford teams of Century City Tax lawyers, have to cover the spread.
Fair share my azz. Just quit taking expensive vacations and giving money away.
Give up the checkbook and go stand in the corner, kid.
Hey Barry! Why don’t YOU knock off all of your bull**** spending FIRST! I shouldn’t have to pay another “fair share” just because YOU want to “spread the wealth” to YOUR scumbag voter base.
Why won’t his aides tell him to shut up ????
Tell him to enjoy his last year and retire.
He is getting worse everyday !
I would like to ask him, “What is my grandchildren’s “fair share”?
In the real world Warren Buffet diverts almost all his earnings at a zero tax rate into Bill Gates Foundation. He pays zero tax because the billions are put into a charitable foundation.
If Warren wanted to he could keep and invest his earnings but then he would be taxed on said earnings. This way Buffet would pay his fair share, as Obama puts it. Bottom line is Warren Buffet donates billions to charity rather than submit to Federal taxes. Buffet obviously trusts the Bill and Melinda Gates Foundation to spend his money more wisely than the Federal Gov’t. In fact many rich (and not so rich) people do and this is why charitable giving is big in America and is treated very nicely by our Federale tax code
Oh wait. they didn't pay one dime. ‘bummer's bailed out buddy, y’know
zer0s plan has to pass Congress, Right past the new TEA PARTY people who were elected just to stop this bull sh!t.
Not gunna happen, no new spending. Acording to Rush, zer0 has not fully spent what was given to him by the leftest who were kicked out.
(by the tea party)
And ONLY Progressives can determine what "fair share" is.
Wealth Redistribution by any other name is still wealth redistribution.
When people who pay ZERO TAXES, even if they're here illegally, are then allowed to get "Rebates" from Income Taxes paid BY OTHERS, or when illegals can make some taxed income, and then Claim "Earned Income Tax Credits", once again, to be given money that was paid by OTHERS, where are they paying for National Defense, Federal costs of government, etc., which they get benefits from?
How is that "FAIR", jackass?
Obama is on a spending spree and he wants Americans to pay their fair share to pay for it?????
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