SPEAKNOWAMERICA.ORG: Obama's Class Warfare Tax Plan

Obama's Class Warfare Tax Plan

YouTube: Rep. Paul Ryan 'Waging Class Warfare'

Barack Obama has a 'new' tax plan. He will call the new tax the "Buffett rule" after billionaire investor Warren Buffett. Buffett has publicly complained that tax breaks allow him to pay a lower rate than his secretary. Then why does Buffett's company owe the government over $1 billion in back taxes? Does Obama or Buffett explain that Buffett gets most of his income from capital gains, not earned income?

Top congressional Republicans on Sunday accused Obama of trying to incite class warfare with his proposal for a new tax on millionaires and said they would not support the measure because it would hurt economic growth.

"Class warfare … may make for really good politics, but it makes for rotten economics," House Budget Committee Chairman Paul D. Ryan (R-WS) said on "Fox News Sunday." "We don't need a system that seeks to prey on people's fear, envy and anxiety. We need a system that creates jobs and innovation and removes these barriers for entrepreneurs to go out and rehire people."

YouTube Paul Ryan "Obama waging Class Warfare":

"If you tax something more, you get less of it," Ryan said. "If you tax job creators more, you get less job creation. If you tax their investment more, you get less investment." This is a proven axiom that Obama ignores.

Senate Minority Leader Mitch McConnell (R-KY) said wealthy individuals such as Buffett were free to pay more taxes, but the government shouldn't impose an increase on people who help provide the investments that create jobs.

"With regard to his tax rate, if he's feeling guilty about it, I think he should send in a check," McConnell said of Buffett on NBC's "Meet the Press." But we don't want to stagnate this economy by raising taxes."

Obama, since 2008 has tried to invoke class warfare to turn groups of Americans against each other. Now he can't run on his abysmal record so all that is left is class warfare. How pathetic Obama is that all he has is tactics of class warfare. He makes Jimmy (the peanut farmer) Carter look like a great president.

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