A top House Republican accused President Obama of appealing to Americans' "fear, envy and anxiety" by pushing a new tax rate on people making more than $1 million annually, saying the "class warfare path" will only hurt the economy.
"Class warfare ... may make for really good politics, but it makes for rotten economics," Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, told "Fox News Sunday."
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10 comments:
So what does he call the "welfare queens in cadillacs" arguments that come out of conservative mouths?
And are these guys blind to the fact that job growth has been historically weak under the Bush tax cuts?
1:11
our statement is absurd!
Under President Bush this country had near perfect employment. You can't have job growth when everyone is already working!
Would someone please tell me why the republicans don't think that millionaires should have to pay their fair share of the tax burden? Banks are flush with money. Business is reporting record profits and there are still no jobs. You can give them all the tax breaks in the world but if the consumer doesn't have money to spend there is no demand and no jobs.
Oh yeah! I almost forgot. All we have to do is put the republicans in charge of Congress and the White House. If you listen to them, immediately after the inauguration, gas will be $2.00 a gallon, the unemployment rate will be 4.2% and the Dow will be at 14,000.
yes 1:37, conservatives' ("our") statements are absurd considering that unemployment rose to over 6% after the first Bush tax cut, and never went lower than the below 4% numbers that occurred in the 90's under higher tax rates. And we are still sitting in the same tax brackets now during this recession.
Yes, the whole argument that low taxes = more jobs is absolutely absurd.
Obama wants to punish those who have excelled in this Country.
Next thing Obama will do is to take those students in school who have earned a grade point of a 'A' and cut their grade in half. Then he will take the excellent A grade point average of those who have excelled - and then apply it to those students who would have otherwise failed - thus raising their grades to a C.
That's what Obama's socialist agenda consist of.
Under President Bush, the country added more government jobs that private sector jobs, and in fact, over the course of his presidency, there were FEWER private sector jobs in Jan. 2009 when he left than there were in Jan. 2001 when he entered. I can cite my sources if needed. You can't. Because your assertion is not factually true. We LOST private sector jobs under Bush.
>>>Yes, the whole argument that low taxes = more jobs is absolutely absurd.<<<
4:03 - so, please enlighten me. Is it your suggestion that increased confiscation of private funds will create more jobs? How's that work??
And what's to guarantee that we won't just see it pissed away to Obama cronies like the half-billion that went to Solyndra?
Just more funds for the dirtiest administration in U.S. history.
We are not talking about confiscation of private funds. We are talking about everybody paying their fair share. Why don't we go to a flat tax with no breaks or loop holes and let the hammer fall where it may.
9:37
Sounds like you want Herman Cain's plan
to anon 4:03 PM... Though you can argue that tax cuts may not make jobs... Well let me give you some insight...
What makes the economy, US, WE DO, the lower and middle class, well mainly the middle class... If I get tax breaks then more money is IN MY POCKET... that in turn means I will go buy SOMETHING out side of needed things... That in turn sells goods from a store which would hire someone because they are getting revenue to hire...
When you have HUGER TAXES, I WILL NOT spend money on anything OTHER than WHAT I NEED... like milk and bread instead of your CrapPhone aka Iphone...
Taxes might be a way to help close this deficit, and it might help it quicker and in the short run...
IN the long run it will hurt it... Keep in mind nothing is working because the govt is making it not work to say they need more money to make it work... Just like the bank bail outs...
They bailed out the banks yet they didn't clear our debt from them even tho that's what the bail out was paying... The fed reserve printed money out of thin air which is unconstitutional... yet were held responsible to pay back interest on something that doesn't exist...
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