Monday, September 19, 2011

Poor GOP congressman ONLY has $400,000 left after paying the bills...

"By the time I feed my family, I have maybe $400,000 left over."

-- Rep. John Fleming (R-LA), in an interview on MSNBC, on why as a small business owner he can't afford a tax increase.
This is the same guy who, as a Republican, figures it's more fair for ME to get a tax increase (i.e., he wants to cancel the payroll tax cut). Gee, by the time I feed my family I don't have even $40,000 left over...or $4,000. But I suppose it's my job to carry the burden, not his. How can he possibly afford ANYTHING?
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1 comment:

  1. If we're arguing the efficacy of the payroll tax cut as a stimulant, we can pretty much rate it a total failure.

    In a similar vein, the GOP isn't arguing for a tax increase for you, Rob, because the payroll tax cut was for one year, 2011, and so, by Washington standards, when it reverts back to 6.2% on Jan 1, that's not an increase. You need to learn Democratdoublespeak, which I admit, the GOP is using here, too.

    And,the Congressman is going to see that same tax increase as you, since he pays social security taxes, too. So, it's a lie to imply that he isn't also suffering with the ending of that particular part of Obamanomics.

    The problem with these "stimulants" is they are temporary, and people know they are temporary, and they act accordingly. For a payroll tax cut to have any lasting impact on the economy, it needs to be permanent, and the GOP would probably go for that.

    At last, at what rate would you tax "the rich?" I suggest we try the Liberals' wet dream, and tax tham at 100% of what they make over $250k. That ought to satisfy you class warriors, but, you'll only get one shot at it.

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