Friday, August 17, 2012

The Tax Policy Hypocrisy of Obama, Reid, Pelosi, the Democrats, and the Partisan Media



So... I fire up the ol' computer this mornin' to find the following story linked from Drudge: "Obama Campaign Offers Romney 5-year TaxDisclosure"

Why how nice of them! How generous!

(*SNORT*)

Here... read for yourselves:

Obama campaign manager Jim Messina made the tax-disclosure offer to Romney campaign manager Matt Rhoades in a letter Friday morning. Romney released his 2010 taxes and has pledged to release his 2011 returns. Messina said in letter that he wants Romney to provide three more years of returns.

Obama's campaign has questioned whether there are years when Romney paid no taxes. Romney defended his record Thursday, saying he has paid at least 13% of his income in federal taxes every year for the past decade.

"I did go back and look at my taxes and over the past 10 years I never paid less than 13%," Romney told reporters after he landed in South Carolina for a fundraising event Thursday. "I think the most recent year is 13.6% or something like that. So I paid taxes every single year."

Aides later said Romney meant to say 13.9%, the amount he already disclosed for his 2010 federal return.

Hmm... I've gotta say, folks... I'm not exactly thrilled with this "at least 13%" declaration. Are you?

Seriously... Republican... capitalist... Romney supporter (yeah - I'm addressing you!)...  does it sound "reasonable" to you that a guy like Romney can "get away with" paying a "mere" 13% - or even 13.9% - to Uncle Sam in federal income taxes on earnings in the millions?

Returning to the article...

On average, middle income families, those making from $50,000 to $75,000 a year, pay 12.8% of their income in federal taxes, according to the non-partisan Joint Committee on Taxation. In 2010 and 2011, Romney made about $21 million a year.

Romney is able to keep his tax rate low because most of his income is from investments, which are generally taxed at a lower rate than wages.

OK, folks... now here's where we're gonna turn this around and expose the blatant hypocrisy of one Barack Hussein Obama and the Democratic Party...

Did or did not President Barack Hussein Obama possess close to absolute power during most of the first two years of his presidency?

Folks... in terms of the American political system... when you have a president of one political party and a Senate Majority Leader (with at the time filibuster-proof majority) of the same party and ideology along with a Speaker of the House of the same party and common ideology... that's as close as you get to "absolute power."

So... where was President Obama in 2009 and 2010?

Where was Harry Reid in 2009 and 2010?

Nancy Pelosi...? Where, oh, where was good ol' Nancy in 2009 and 2010...???

Folks... do any of you recall Obama, Reid, Pelosi, and the Democratic majorities in both houses of Congress attempting to reform the federal tax system so that millionaires (and billionaires) no longer have the ability to pay "only" at least 13% of their earnings in federal income taxes?

Folks... I don't recall it!

How'bout "carried interest," aka "hedge fund managers tax loophole?" Did President Obama use each and every lever of power at his disposal - both as President and titular head of the Democratic Party - to get this loophole dismantled?

No... no he didn't. 

Had he... the loophole would have been done away with. 

Again, folks... for almost two years - until the seating of Senator Scott Brown - Obama, Reid, Pelosi, and the Democratic majorities in both houses of Congress had what amounts to carte blanche to do whatever they felt they needed to do. (Thus... ObamaCare.)

Folks... one can't be a friend of William R. Barker - or a regular reader of Usually Right - without being aware of my views on "tax fairness." While in theory I suppose I'd still support a perfectly flat, non-progressive income tax (assuming a system where income taxes exist), in practice I can support a progressive income tax... a flat progressive income tax.

As to Barack Hussein Obama... while he and his surrogates pound Romney for taking advantage of the tax system that actually exists, disgraced Democratic political figure and financier Jon Corzine remains - even today... even after MF Global... an Obama campaign contributor and bundler... and... friend of Obama.

Folks... Wall Street backed Obama in '08 (particularly Goldman-Sachs) and while that has changed in large part now, in 2012, Obama is still buddy-buddy with many of the richest men and women in the country... men and women who earn millions (and sometimes billions) the same way Mitt Romney did... paying the same percentages in taxes (or in some cases no doubt less) than Mitt Romney did!

My God... the blatant hypocrisy!

Does the 30 paragraph "My Way" article that prompted this post address the point I've just brought up? Does the following single line from paragraph 9 count?

That type of legal tax figuring is something Obama has proposed changing, although his campaign notably said nothing about Romney's self-described tax rate itself.

Nah... not really.

Folks... as I've been telling you all along... this year... the Democratic partisan liberal media is gonna take out all the stops... take off the mask and the gloves... campaign for Obama in the light of day as if they literally are just another arm of the Democratic National Committee.

When blatant hypocrisy such as this tax hypocrisy shown by the Democrats is all but ignored... you know the fix is in.

2 comments:

Robert Leiter said...

100% agreement. While I believe that the rate paid by Romney and others in this class is positively obscene, Obama has had more than ample opportunity to deal with it and has failed to do so. While. I would, as a matter of high priority, and I know that Romney would certainly not, it does not become a reason to vote against Romney given the actual policies of Obama (forgetting the rhetoric) leave the same result. What is the point of holding the uber rich in contempt for a failure to pay a percentage of their income consistent with (at the least) of those who work for them. Only policy matters, and Obama has nothing to show on policy.

William R. Barker said...

Thank you, Mr. Leiter.

BILL