Sunday, December 18, 2011

Obama and Class Warfare - Payroll Tax Cut


The White House: Remarks by President Obama on the two month extension of the payroll tax. The President folded when it came to the payroll tax folks, he wanted to tax rich people to please his extreme left wing base, even after the Congress passed the extension minus his rich tax, Obama cant let it go, the President stated the following,So I'm very pleased to see the work that the Senate has done. While this agreement is for two months, it is my expectation -- in fact it would be inexcusable for Congress not to further extend this middle-class tax cut for the rest of the year. It should be a formality. And hopefully it’s done with as little drama as possible when they get back in January. …..There are plenty of ways to pay for these proposals. This is a way to boost the economy that has been supported by these very same Democrats and Republicans in the past. It is something that economists believe will assure that the economy and the recovery is on a more stable footing than it otherwise would be. And my preference, and the preference of most Americans, is that we ask the wealthiest few Americans to pay their fair share and corporations to do without special taxpayer subsidies to cover some of the costs. But I think that it's important for us to get it done. ”. It seems that 1984 Presidential Election passed POTUS by, in his convention speech former Vice President Walter Mondale stated he would raise the taxes of Americans, he lost by 49 States, 59% of the vote and 525 Electoral votes. The US voter does not want to tax the rich, he or she wants to become rich, only a elite out of touch, and as Democrat Congressman stated, arrogant President would not get that fact, one really thought Obama was a grown up, but I guess he forgot that teachable moment from 1984.

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