In his Weekly Address, Barack Obama says millionaires need to pay at least the same tax rate as plumbers or bus drivers.
Here’s the video:
Currently a millionaire’s tax rate is 35% .
Bus drivers and plumbers pay a tax rate around 25% .
Honestly, what is Obama talking about?
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From the White House website:
The proposals in this bill are steps we have to take if we want to build an economy that lasts; if we want to be able to compete with other countries for jobs that restore a sense of security for the middle-class. But we also have to rein in our deficit and start living within our means, which is why this jobs bill is paid for by asking millionaires and billionaires to pay their fair share.
Some see this as class warfare. I see it as a simple choice. We can either keep taxes exactly as they are for millionaires and billionaires, or we can ask them to pay at least the same rate as a plumber or a bus driver. And in the process, we can put teachers and construction workers and veterans back on the job. We can either fight to protect their tax cuts, or we can cut taxes for virtually every worker and small business in America. But we can’t afford to do both. It’s that simple.
There are too many people hurting in this country for us to simply do nothing. The economy is too fragile for us to let politics get in the way of action. The people who represent you in Washington have a responsibility to do what’s best for you – not what’s best for their party or what’s going to help them win an election that’s more than a year away. So I need you to keep making your voices heard in Washington. I need you to remind these folks who they work for. And I need you to tell your Senators to do the right thing by passing this jobs bill right away. Thank you.
And, yet once again the liberal media gives the president a complete pass on this obvious lunacy.