Democrats never seem to see a new tax or a tax hike that they don't like. Take a quick gander at the tax mine field that President Obama laid down for Americans during his reign (mostly tied to Obamacare) ... see: Americans for Tax Reform Listing. Many of these 21 new taxes actually hit the middle class ... violating a pledge that Obama made before he was first elected.
Now, as to be expected, there are also taxes in the Obamacare mishmash that are graduated ... progressive if you will ... meaning that wealthy people will be understandably harder hit. And now comes the expected Democrat demagoguery (note the same first letters) surrounding the Republicans in the Senate's effort to scuttle Obamacare. The Dems are pounding the table saying that this Obamacare repeal will give huge tax breaks to the wealthy. And Warren Buffet, on cue, echoes this refrain ... see: Fortune Magazine Story.
Duh! Do I need to point out the obvious? If Obamacare is eliminated ... along with its repertoire of taxes ... then those taxes meant to soak the rich also go away ... so Upchuck Schumer is technically right ... but still is a big fat demagogue in the process. Are Republican healthcare reformers expected to keep these vestigial taxes as memorials to the disaster that was Obamacare? This would be like the smile that persists after the Cheshire cat has disappeared.
If Warren Buffet wants to pay more taxes, then I am sure that this can be arranged during the next big Republican government overhaul ... the coming tax reform process.
3 comments:
I do not understand why Republicans want to cut taxes of people who are unconscionably rich, when there are so many who have nothing and are suffering.
If you think that the Dems don't do this too then I'll sell you a building lot in the Everglades.
Except for Wall St. hedge fund managers ... where they set up a "carried interest" 15% rate. They only want to raise taxes for you and me.
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