A Quote by Adam McKay
I have no tax breaks or corporate interests to be supported by Barack Obama.
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Barack Obama is not Harry Truman, who dropped the A-bomb on Japan to stop World War II. Barack Obama is not John F. Kennedy, who lowered marginal tax rates to get economic growth and job creation. Barack Obama and the far left, they are a completely different ball of wax.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.
Well, the taxes that everyone else is paying are supporting lots of programs that were in place prior to Barack Obama's new spending. So new spending has too be paid for by new taxes, or by eliminating existing tax breaks. And Obama wants that burden to be borne exclusively by the rich.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
I supported Barack Obama. I wasn't very quiet about my support. I thought he was going to be a refreshing change to George Bush. But what has happened is that we have an election that's become a single-issue election, and that issue is Barack Obama. And he's an icon to both sides.
The point being we used to have a system that wasn't as rigged in how the tax structure functioned. The president [Barack Obama] and I have been trying to get rid of some of these loopholes for some time. Look, we have to change the corporate culture.
I supported Obama because of his relationships. A lot of the things he believes in, you would say that it's not in the best interest for someone in my tax bracket, but it's not about that. It's about him making the world better and making it equal and even all around, and that's what I'm supporting when I supported Obama.
This comes from a group of people who`ve been wrong about every foreign policy issue over the last two decades. They supported Hillary Clinton`s war in Libya. They supported President [Barack] Obama`s bombing of Assad.
We saw what Thom Tillis did in Raleigh. He went to Washington and in 2017 again voted for a tax bill that provided massive giveaways to corporate interests and the wealthiest, really capitulating to those corporate interests and his special interest backers. A consistent record in Raleigh, a consistent record in Washington.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
Obama and Clinton wrongly believe that the corporate income tax is a tax on the rich. The reality is that rich corporations don't pay taxes - workers do.
We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
You know, let me be very clear. I supported Barack Obama originally.
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
If you're gonna sit there and be worried about what Donald Trump would do with nuclear weapons, you've got to know that it's Barack Obama and Hillary Clinton who have made it possible for Iran to nuke up, and that's in nobody's best interests. That's not in the best interests of our ally, Israel. It's not in the best interests of ourselves.
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