Robert “Bob the Short” Reich comes up two all beef patties short of a Quarter Pounder, from the Puffington Post [1]:
To hear the media report it, President Obama is proposing a tax increase on wealthy Americans. That’s misleading at best. He’s proposing that everyone receive a continuation of the Bush tax cuts on the first $250,000 of their incomes. Any dollars they earn in excess of $250,000 will be taxed at the old Clinton-era rates.
Get it? Everyone is treated exactly the same. Everyone gets a one-year extension of the Bush tax cut on the first $250,000 of income. No “class warfare.”
So if Dim Won, a/k/a Dumbo, a/k/a President Fifty Seven State, b/k/a Barack Obama gets his way, if you make more than two hundred fifty thousand dollars per year, you will pay more in taxes. Bobby, in the real world, that is what real folks call a tax increase.
Note to Bob the Short, I forward Rush’s suggestion, I’ll give you the Clinton era tax rates, if you deliver the Clinton era spending levels. Deal?
Then assuming Dim Won survives the election, in 2014, he will raise everybody’s taxes Of course, Bob the Short will argue that it will not be a tax increase. Then what does Reich know ab out economics?
Reich calls conservatives regressives. Yet a so-called progressive like Dumbo wants to increase health care access, so he discourages physician to practice medicine but hires thousands of now Internal Revenue Service agents I suppose if you need a knee replacement, you just go to your locale IRS field office.