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News tagged ”Taxes”

Obama on The Economy

Barack Obama and his followers are still criticizing ABCs anchors George Stephanopoulos and Charlie Gibson in the recent debate by peppering him with questions on Jeremiah Wright and Billy Ayres, saying that much more substantial issues needed to be raised. But there were such questions raised later in the program by Charlie Gibson and Obama didn’t really cover himself with glory in his answers.

Here are the economic questions Gibson asked-and Obama’s answers-the questions showing that unique among mainstream media reporters, Gibson is intimately familiar with taxation. Obama’s answers show that he is not as interested in a tax program that will serve as an incentive to collecting more revenue-but that he wishes to use the tax code to redistribute wealth and penalize the wealthy which is the classic Marxist formula. Here is the dialogue in its pertinent parts:

GIBSON: You have however said you would favor an increase ... Read More...

Barack Obama thinks higher taxes are a good thing

Illinois Sen. Barack Obama went after the “We’re not paying enough taxes to the government” vote today during a television interview in New York.

First, he said the Bush tax cuts ought to die. He likes that top marginal rate of 39%. Although the non-partisan National Journal recently declared him the most liberal of the 100 senators, Obama denied being a “wild-eyed liberal,” which wasn’t what the Journal called him, but it sounds good on TV where everything moves by so quickly.

Maria Bartiromo on CNBC‘s “Closing Bell” asked, “Who should pay more and who should pay less?” Predictably, the politician chose to talk about who would benefit from his higher tax plan, not who would get socked the hardest. But from his answers it sounds like the “wealthy” in his mind are those making more than $75,000.

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