A Quote by Stephen Moore

I suspect the Left's obsession with raising tax rates is not about helping the poor or middle class or about lowering the budget deficit, but about tearing down the rich. — © Stephen Moore
I suspect the Left's obsession with raising tax rates is not about helping the poor or middle class or about lowering the budget deficit, but about tearing down the rich.
High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
This is a hallmark trait of the left. There is never any effort to elevate anybody. Liberalism is all about tearing down. Liberalism is all about lowering. It is all about destroying 'em.
The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.
It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.
If we want to jack up the tax rates on the really rich, the amounts of money that would bring in are trivial compared to jacking up rates on the middle class.
The Democrats are obsessing about raising tax rates, while the GOP talks about closing loopholes.
A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.
I didn't say one negative word about poor people or about middle-class people or anything else. All I said was that the rich deserve our gratitude.
Contrary to the rhetoric emanating from the American left, the 'rich' are currently paying a lot more than 'their fair share.' It is only a handful of mega-rich, those whose entire incomes are derived from dividends and capital gains, rather than salaries or business profits, who have the ability to pay lower tax rates than some members of the middle class. The left knows this but continues to build their 'freeloading millionaire' straw man because it makes good politics.
Barack Obama destroyed the middle class. Whatever you want to say about his rhetoric, the rich got richer, but the poor got poorer, and the middle class got wiped out. That's really what Trump appealed to and inspired in the forgotten man.
Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
The interesting thing about class warfare is that it's only class warfare if it's up, not down. If you talk about welfare cheats or something, that's not class warfare because it's down; you have to talk about rich people before it's class warfare.
The Clinton administration cared a lot about the middle class and the poor. But it also cared a lot - too much, in retrospect - about the rich.
Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.
Tax reform shouldn't add one penny to our deficit or to the tax bills of middle-class Americans.
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