A Quote by Kevin O'Leary
Having won re-election convincingly and against the economic odds, President Obama quickly made good on his promise of maintaining taxes as they are for the middle class while raising them on the wealthiest Americans.
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The centerpiece of Obamanomics - raising taxes on high earners and investors and lowering them on the middle class - is attacked by free-marketers for penalizing economic success and possibly further stalling economic growth.
My biggest worry is that Obama says he's going to tax the upper 5 percent by raising their taxes by 20 percent. But among that 5 percent are the corporations that are hiring middle-class Americans.
President [Barack] Obama's staking his reelection hopes on rebuilding America's middle class. He wants higher taxes on the wealthy, tougher rules on Wall Street, and everyone else to get a fair shot to succeed. Republicans can cry "class warfare" if they want, but as the president put it today, it's about this country's welfare.
Another one of President Barack Obama's nominees is having tax issues, which proves one thing: The Democrats like raising the taxes, but they hate paying them.
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.
We can go back to economic plans that are only designed to benefit the wealthiest among us, like Mitt Romney. Or we can keep moving forward with President Obama's vision for a growing economy that works for middle-class families in North Carolina and all across the country. For me, for North Carolina and for America, it's an easy choice.
This November, with the re-election of President Barack Obama, this generation of Americans will ever expand upon the hope, the truth and the promise of America.
We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. While a small middle class remains in the coastal blue states, our tax bill devastates them by curbing deductions for state and local taxes and large mortgages. In a few years, everyone except the 1% will be a tricklee.
After President Obama's election, efforts at othering Obama quickly became about smearing his non-partisan allies and ambassadors.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
We're looking to make sure things are fair, and we're always looking at ways to lower taxes for the middle class and raise them on the wealthiest one per cent.
I made a promise to you and the people of our state when I was running for governor: I promised I would cut taxes by 10% for middle-class families.
And let me make this very clear - unlike President Obama, I will not raise taxes on the middle class. As president, I will protect the sanctity of life. I will honor the institution of marriage. And I will guarantee America's first liberty: the freedom of religion.
And the voters, many of them, feel that the economic system is stacked against them and they want stuff. You are going to see a tremendous Hispanic vote for President Obama. Overwhelming black vote for President Obama. And women will probably break President Obamas way. People feel that they are entitled to things and which candidate, between the two, is going to give them things?
Americans don't think we should be raising taxes on anybody, especially in the middle of a recession.
In the aftermath of President Obama's re-election, members of both the administration and the media trumpeted that Obama had received his long-sought mandate. Obamacare, Americans were told, was the law of the land. It could not be changed; it could not be stopped.
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