The President has finally stepped up to deal with his personal pushback deficit by promising to veto any bill that cuts Social Security and Medicare without raising taxes on “millionaires and billionaires.”
Until now, the White House has been threat-free as the Boehner-McConnell gang holds the government hostage and sends all the ransom notes. The turnaround is long overdue. Now, let the Republican candidate clowns show voters exactly how going back to pre-George W. Bush tax rates will cripple “job creators.”
At the very least, Barack Obama has picked up the “class warfare” gauntlet and thrown it back into the GOP’s face.
“Warren Buffett’s secretary,” he said today, “shouldn’t pay a higher tax rate than Warren Buffett...It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million...
“We’re already hearing the usual defenders of these kinds of loopholes saying, ‘this is just class warfare.’ I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare...I believe the American middle class, who’ve been pressured relentlessly for decades, believe it’s time that they were fought for as hard as the lobbyists and some lawmakers have fought to protect special treatment for billionaires and big corporations.”
To underscore the President’s position with comic effect, a Louisiana Tea Party House member, asked in a TV interview exactly how the tax increase would be a hardship, explains that, while his businesses made $6.3 million last year, after you “pay 500 employees, you pay rent, you pay equipment, and food,” profits amount to “a mere fraction of that.”
“By the time I feed my family,” he complains. “I have maybe $400,000 left over.”
It only hurts when we laugh.