A Quote by Joe Walsh
I think the latest estimates were that we have about 250,000 millionaires and billionaires. President Obama wants to increase their taxes 13 percent.
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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.
President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.
Between 2000 and 2010, malaria mortality rates fell by 26 percent around the world. According to the latest World Health Organization estimates, there were about 219 million cases of malaria in 2010 and an estimated 660,000 deaths.
President Obama wants to increase the size of government and raise taxes, while I support less government and more individual freedom.
I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
I agreed with everything he was saying when he ran for president. I was listening to what he said. I go, this guy thinks like me and I agree with him. Now he's changing. All he keeps saying is millionaires and billionaires don't pay their fair share of taxes.
Regis Philbin's back in primetime, hosting 11 new episodes of 'Who Wants To Be a Millionaire.' But because of Obama's tax plan, it's been re-titled 'Who Wants To Win Just Under $250,000.'
I do believe that billionaires and multi-millionaires should be paying more in taxes.
We've seen tremendous progress in many ways under President [Barack] Obama. I mean, if we think about where the economy was when he got in - you know, we were losing more than 700,000 jobs a month. The unemployment rate was skyrocketing. And now it's at under 5 percent, so there is a lot of progress that has happened.
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
Top 1 Percent progressivism emphasizes the idea of fairness - but it's nevertheless a politics of outrage, animated by at least a trace of envy. It's as if 'millionaires and billionaires' were the principal problem facing America today.
In 2012, African-Americans were 13 percent of the electorate, and 93 percent of them voted for [Barack] Obama.
Arnold Schwarzenegger cut teacher's salaries and parks and libraries rather than raise taxes for the many California millionaires and billionaires.
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
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