Obama calls for rich to pay more, keep middle-class cuts

Comments (49)
RayofLight wrote:

Who’s being held hostag here Mr. Obama?

Nov 14, 2012 2:13pm EST  --  Report as abuse
Brain wrote:

I don’t get this idea that the rich should pay more and more in taxes.
Most rich people stayed in school, did the right thing, work and continue to work hard while creating more American jobs, are extremely generous and charitable, do NOT use social services, do NOT use public transport, buses, subways, etc., already pay 95% of the nations income taxes and even more in payroll taxes for their employees.
So, why does the government want to FORCE the rich to pay more taxes? How is “fair share” defined here? Doesn’t this sound absolutely stupid? Does Obama want us to tell our kids, “you know what? It is better to drop out of school and not do too well in life beause if you do, you will end up paying more and more in taxes. Instead, let the rich pay for you while you relax your butt”.

Nov 14, 2012 2:29pm EST  --  Report as abuse
robb1 wrote:

Mr. President, please just tax offshore job outsourcing to start.

Nov 14, 2012 2:31pm EST  --  Report as abuse
USAPragmatist wrote:

I like how Obama is approaching this so far, he was far too easy on the GOP in his first term and they took full advantage of it. Obama has shown repeatedly he is making attempts at bi-partisanship, now is the time for the GOP to get serious or get out. Because if they do not I feel very confident that the voters will show them the door in 2014.

Nov 14, 2012 2:31pm EST  --  Report as abuse
18Vines wrote:

I don’t get the option to the wealthy tax increase, right now they get a tax break and pay lower taxes then the middle class just because they are wealthy. Just because a person makes more money than someone working at McDonalds or a teacher or a fireman, does not mean they are more “entitled’ to special treatment.

The idea that we cannot tax the wealthy the same as everyone else came from those who are paying less taxes…. the wealthy.

lets get on an even playing field. Start with letting the tax breaks to those making over $250K a year expire. close the loops holes to corporation like GE, BP Oil, etc who end up getting millions back in refunds vs. paying into the tax system. this will help middle class and small business.

Stop putting pork and special interest wording into budget bills ( like last year trying to add the abortion language to a tax legislation)

We need to have Govt work for all Americans. Once we get the tax loop hole closed then start looking at a flat tax irregardless of income. Everyone pays the same percentage of their income so it is fair. yes the rich pay more because their income is more.

Nov 14, 2012 2:42pm EST  --  Report as abuse
Calvin2k wrote:

@Brian

You win the contest for the most ironic username.

Nov 14, 2012 2:44pm EST  --  Report as abuse
UrbanDK wrote:

@USAPragmatist. so when the country tanks you’ll still be happy because you have your priciples. Do the world a favor and see this regime as it is. A dictatorship!!! This stance is not good for the country or for it’s people. Both sides need to come together and right now I see the President not caring for the country he swore to defend and uphold the constitution. It is time for both side to bend and get the economy fixed. Without a strong economy, there won’t be any programs to help those in need. The entire country will be in need.

Nov 14, 2012 2:53pm EST  --  Report as abuse
Rich_F wrote:

Senate Democratic Leader Harry Reid, D-Nev., said, “Americans are tired of division,” and urged Republicans to give on the tax-rate issue. “It is within our power to forge an agreement that will ask the richest of the rich, the most fortunate among us, to pay a little extra to reduce the deficit and secure our economic future,” he said.

So according to Reid a family making $250k in say the Northeast is the richest of the rich. I’d like to see this blowhard come around here and see how the richest of the rich are living at this income level. The lies and distortions by the left are beyond contemptible. When are we going to stop with the class warfare pitting American against American? Looks like not for another 4 years.

Nov 14, 2012 2:56pm EST  --  Report as abuse
StarLight wrote:

To the rich or richer …

Be generous and charitable …
Think tax as a form of charity work to help the country and people.

It is as simple as it goes ….

“…. ask not what your country can do for you, ask what you can do for your country.”
Guess who gave this famous quote …

Nov 14, 2012 2:58pm EST  --  Report as abuse
Crash866 wrote:

First off let’s start off by stopping the usage the word RICH and use wealthy.

Nov 14, 2012 3:01pm EST  --  Report as abuse

Congrats Obama.,4 years later and you are making your first step to balancing a budget. One problem, this seems to be your only idea. This will increase tax revenues by $1.6 trillion over 10 years or $160 Billion per year. Last time I checked your last 4 budgets have averaged around $1.3 trillion in deficit spending or $1,300 Billion. So the evil rich have offset 12% of your deficit, I WONDER WHERE THE REST WILL COME FROM? Another $2.6 trillion over 10 years would come from letting the tax cuts expire on everyone so now we are up to 30% of the deficit. It appears the only place left to go is taxes well above the Clinton years or Obama’s poor voting base will be see drastic lifestyle changes when their Gov allowances get AXED. The Democrats have no chance of winning this fight over the long run. It’s time to pay for buying voters with entitlement programs.
Point of interest, 1,000,000 free Gov. cellphones given out in Ohio and Obama only beat Mitt by 100,000 votes. Amnesty to Hispanics will get you pretty popular in Florida, but Obama only won by 60,000 votes.

Nov 14, 2012 3:02pm EST  --  Report as abuse
Crash866 wrote:

Really what is this going to solve? Nothing. It will only hurt the economy but this is what America wants.Hope you will all be happy with your decision

Nov 14, 2012 3:03pm EST  --  Report as abuse
JoeObserver wrote:

Obama doesn’t like capitalism. Democratic party will be renamed as Communist Party of America.

Nov 14, 2012 3:03pm EST  --  Report as abuse
johnnyboone wrote:

Taxing the rich means raising taxes on 1/2 of 1 percent of the most wealthy americans. If mutlibillionairs can give millions to influence elections they can certainly spend more to help those less fortunate. I don’t care how much you go to school and work hard, chances of a regular person getting into the billionair status is like winning the lottery. Raising taxes on those who have benefited enormously from spending public money and creating the national debt with such things as bank bailouts should be taxed at a higher rate than the rest of us.

Nov 14, 2012 3:03pm EST  --  Report as abuse
PCScipio wrote:

Brian, do the rich you’re defending include people whose wealth is primarily inherited (e.g., Kochs), achieved through leveraged buyouts (e.g., Romney), the result of huge compensation for laying off workers and offshoring jobs, or otherwise acquired by doing things that don’t really have any social value (e.g., most of Wall Street)? If it does, than your values are a tad skewed.

Nov 14, 2012 3:03pm EST  --  Report as abuse
Crash866 wrote:

USAPragmatist
So the GOP is RICH?

Nov 14, 2012 3:03pm EST  --  Report as abuse
Crash866 wrote:

Cut spending……

Nov 14, 2012 3:04pm EST  --  Report as abuse

Congrats Obama.,4 years later and you are making your first step to balancing a budget. One problem, this seems to be your only idea. This will increase tax revenues by $1.6 trillion over 10 years or $160 Billion per year. Last time I checked your last 4 budgets have averaged around $1.3 trillion in deficit spending or $1,300 Billion. So the evil rich have offset 12% of your deficit, I WONDER WHERE THE REST WILL COME FROM? Another $2.6 trillion over 10 years would come from letting the tax cuts expire on everyone so now we are up to 30% of the deficit. It appears the only place left to go is taxes well above the Clinton years or Obama’s poor voting base will be see drastic lifestyle changes when their Gov allowances get AXED. The Democrats have no chance of winning this fight over the long run. It’s time to pay for buying voters with entitlement programs.
Points of interest, 1,000,000 free Gov. cellphones given out in Ohio and Obama only beat Mitt by 100,000 votes. Amnesty to Hispanics will get you pretty popular in Florida, but Obama only won by 60,000 votes.

Nov 14, 2012 3:05pm EST  --  Report as abuse
PCScipio wrote:

Rich_F, those folks will get a tax break — on all income below $250K. BTW, you should feel free to move if the Northeast is too expensive for you.

Nov 14, 2012 3:07pm EST  --  Report as abuse
totherepublic wrote:

Small immature man, smaller mind, and an all round digusting excuse for a human being. Only some one with a totaly co-dependant and 3rd world mentality could go for this crap. I just can not believe how stupid so many people have become. Out of here.

Nov 14, 2012 3:07pm EST  --  Report as abuse

The law says major across the board cuts and an increase in taxes is needed on Jan. 1. Obama doesn’t think so. He also says he won’t do anything about Climate Change that needs immediate action, because it might cost jobs.

Nov 14, 2012 3:11pm EST  --  Report as abuse

October was the first month of the US government’s 2013 fiscal year and it saw a whopping $120 Billion deficit (for the month). Happy New Year.

Nov 14, 2012 3:13pm EST  --  Report as abuse
PCScipio wrote:

totherepublic, excellent decision. May I suggest Red State or The Daily Caller.

Nov 14, 2012 3:16pm EST  --  Report as abuse
bobber1956 wrote:

Mr. Speaker that pretty much seals it. Over the edge. You would be surprised how much of the country (most of it) will back you on that. The tax increases along with the damage obama care is going to do will destroy the economy-we need it.

Nov 14, 2012 3:19pm EST  --  Report as abuse
DavidGolani11 wrote:

The rich are being asked to pay 2.1% more tax. OH THE HUMANITY!

Nov 14, 2012 3:24pm EST  --  Report as abuse
soulice wrote:

I don’t make that much, so taxes on the “rich” will not directly affect me, but the numbers just arent there. It is a campaign item (now campaigning to keep his party in power in 2014).
@PCScipio – you can leave the inherited thing out. If I earn a million and want to pass it to my kids, it gets taxed heavily then they get whats left. If that leaves them “wealthy” or “rich” so be it. None of your business, I earned it.

Nov 14, 2012 3:28pm EST  --  Report as abuse
PPhermit wrote:

The One Calling Himself “Brain” should call himself “Brainless” instead for that is what he is ! For every thing he said was false !

Nov 14, 2012 3:32pm EST  --  Report as abuse
marcopolo1 wrote:

Brain … is not sounding stupid at all … you are just brainwashed by this system, that’s all

Nov 14, 2012 3:37pm EST  --  Report as abuse
diluded0000 wrote:

Brain, all those services you talk about: public transport, Medicaid, social services, no the rich don’t use those. But the people who make them their money do, at least the ones who derive income from US based companies. Take all those things away, you don’t have a viable source of low income workers anymore. I would rather see better wages for people, but this is the next best thing. If somebody works hard all day, and still can’t put food on the table and pay rent, then I’m OK with throwing some tax money their way. Aren’t you?

Nov 14, 2012 3:50pm EST  --  Report as abuse
bobber1956 wrote:

BTW The rich just got richer-they are not going to play with obama they are going elswhere. Problem is…they have the football.

Nov 14, 2012 3:52pm EST  --  Report as abuse
KJax wrote:

Brain – Some of us have chosen careers that are more personally rewarding rather than financially. We also work hard, do the “right” thing, don’t use public services or assistance, blah blah the rest of your rant. I’m insulted by you and those like you who also parrot the nonsense that unless we’re financially wealthy, we aren’t educated, employed, hard working, contributing solid citizens. Get over yourself. You have been given a gift over the past 12 years… you’ve paid lower taxes than you should have been paying thanks to W. The party is over. Because the rest of the country can’t continue paying your party tab.

Nov 14, 2012 3:52pm EST  --  Report as abuse

Raise taxes on everyone and I’ll pay too. Raise taxes on just me and I’ll stop producing.

Nov 14, 2012 4:06pm EST  --  Report as abuse
UrbanDK wrote:

It is so easy to ask others to reach in their pockets but when it comes to you paying more, not so much. I am sure there will be some people that would say “yeah, I’ll pay an extra 2%”. Then add it to your taxes and shut up.

Nov 14, 2012 4:07pm EST  --  Report as abuse
stambo2001 wrote:

10% taxation of $30k income is a mere $3000.00
10% taxation on $500k income is $50 000.00
10% taxation on $1 000 000.00 is $100 000.00

So at a flat rate of 10% it would take the lesser income bracket 33 years to equal ONE YEARS payable tax of the higher income bracket. Why exactly should one citizen pay 33 times MORE in support of their nation? How is that even close to being fair?

Why work? Why educate yourself? Why try and better yourself? The more you make, the more you succeed, the more you are going to be expected to pay.

In america today your success = someone else getting a free ride.

Nov 14, 2012 4:09pm EST  --  Report as abuse
joe10082 wrote:

A usual Obama is off message! The real concern is the stability and vitality of our economy.Taxing the rich simply won’t get the job done! Obama knows this fact.Economic stability will only be restored when 23,000,000 unemployed Americans find meaningful employment. This translates to removing hundreds of thousands of foreign nationals from jobs in this country that Americans should have in the Fortune 500 group of companies. They – the Fortune 500 Group – won’t change their ill gotten greedy ways of behavior until there is a penalty for hiring cheaper off shore labor! Call your congressmen and complain endlessly about it folks!

Nov 14, 2012 4:10pm EST  --  Report as abuse
TheNewWorld wrote:

@robb1

“Mr. President, please just tax offshore job outsourcing to start.”

Brilliant idea, lets force all of those companies out of America completely. We don’t need General Motors or Chrysler or Ford.

Nov 14, 2012 4:10pm EST  --  Report as abuse
TheNewWorld wrote:

@USAPragmatist

How is Obama saying, we will make the rich pay higher taxes any more bipartisan than the GOP saying we will not make the rich pay higher taxes? There are two opposing forces, always has been, the bipartisan deal is the fiscal cliff. Both sides secretly want it to happen, the GOP can then blame the Democrats for raising taxes, and the Democrats can blame the GOP for the cuts in spending. It is win/win – lose/lose.

Nov 14, 2012 4:14pm EST  --  Report as abuse
TheNewWorld wrote:

@KJax

The Bush tax cuts was across the board for everyone paying Federal Income Taxes. I want your taxes to increase too. Why should the middle class and the poor continue to get the Bush tax cuts while we are paying over $400 billion a year in interest on the debt. It is in the best interest of 100% of Americans to pay higher taxes and get the budget balanced.

Nov 14, 2012 4:16pm EST  --  Report as abuse
TheNewWorld wrote:

@diluded0000

“Brain, all those services you talk about: public transport, Medicaid, social services, no the rich don’t use those. But the people who make them their money do, at least the ones who derive income from US based companies. Take all those things away, you don’t have a viable source of low income workers anymore. I would rather see better wages for people, but this is the next best thing. If somebody works hard all day, and still can’t put food on the table and pay rent, then I’m OK with throwing some tax money their way. Aren’t you?”

Everyone gets paid what they deserve. If you don’t make enough money at your job to take care of yourself and your family, you need to find something that pays more, or you need to figure out a way to open your own business or to make ends meet. Having someone supplement your lack of income does not fix the situation. If you don’t think you are getting paid what you deserve, feel free to ask for a raise, or find another job, stop looking for government to fix your problem. The government is going bankrupt.

Nov 14, 2012 4:19pm EST  --  Report as abuse
uc8tcme wrote:

For those of you who are questioning why taxes should go up on the rich (besides the fact you do not like him personally) is because the 2002 Bush tax cuts was supposed to have been temporary to rejuvenate the economy, but upon re-election he extended them with no opposition, then Obama extended them with little fuss. So the reasons the Bush tax cut should be allowed to expire is because 1. They did not rejuvenate the economy (we still headed for a recession under Bush). 2. They were only to be temporary. So, again I say – go off the cliff and no one will be blamed for raising taxes on the rich – time lapsed (6 years longer that it should have been) and 3. CBO estimated in June 2012 that the Bush tax cuts added about $1.6 trillion to the debt between 2001 and 2011, excluding interest.

Nov 14, 2012 4:25pm EST  --  Report as abuse
uc8tcme wrote:

PS – For those you did not vote for Obama – save your comments and request and get to the back of the line on this issue. (Just kidding, I always wanted to say that upon his victory).

Nov 14, 2012 4:29pm EST  --  Report as abuse
Wallyworld333 wrote:

So…I had a good commission year, and between me and my wife we’ll bump over $250K. I refinanced my home, took some of the equity to help pay for a few home repairs, and also to assist in the payment of 3 sets of college tuition. I contribute to my 401K, and I bought one new car and one used car this year. I do not live extravagently, my only tax write-off is my mortgage and some contributions to a few charities. I can’t write off any tuition costs due to income level. So…I work my A$$ off, am contributing to the economy, don’t have much left for ourselves, and yet I will be asked to give more of my paycheck to subsidize more government programs. If my boss ran our company the way our government is running our country we would be broke. Quit spending on a bunch of crap…fix the programs which are being mismanaged, and protect the entitlement programs which I’ve been paying into for my whole life, but never touched…ie., Medicare and Social Security.

Nov 14, 2012 4:29pm EST  --  Report as abuse
jambrytay wrote:

Martin Feldstein authored an article in the Wall Street Journal about a year ago that considers the Tax Reform Act of 1986 and how tax reform then which included broadening the base and lower rates (especially on higher income earners) can change incentives in a way that grows the tax base and produces more revenue.

http://online.wsj.com/article/SB10001424052970204002304576629481571778262.html

Nov 14, 2012 4:34pm EST  --  Report as abuse
Mott wrote:

The call is fair as these folks reaped the system over the past 3 decades to it’s near ruin.

They are welcome to leave while eager others will take their place.

This is much needed self-correction in the works to restore the needed competence.

Next stop, duties on imports from unfair trading partner.

Nov 14, 2012 4:36pm EST  --  Report as abuse
gearguy wrote:

Will he start with himself? How about 30% with NO deductions for everyone whose net worth exceeds 1.5 million dollars.
That is if, and it is a big if, he is serious about making the rich pay more. And if in fact they want to; saw that in a news report today.

Nov 14, 2012 5:29pm EST  --  Report as abuse
Overcast451 wrote:

Mr. President, you ARE the rich.

Nov 14, 2012 5:53pm EST  --  Report as abuse
notnow wrote:

Brain – how about using your brain. He is not going to tax the hard working folks and businesses that actually provide legitimate jobs, we already pay around 30% plus in taxes plus all the sales taxes for stadiums with elitist suites of ultimate luxury for the very few. No, it is the big tax shelters and evasions and exemptions that the super wealthy have been enjoying for three decades now–their taxes don’t even come up to 11% but they continue getting subsidies for the oil and tobacco and farm chemicals and the bought out media not to mention the drug industry. You know, take from the poor and give to the rich right wing thinking, being wealthy gives them entitlement to use the poor. “Brain” you have been taken by a whole lot of propaganda that has left no logical thinking in your head with no brain to interfere.

Obama is doing what is right for those who are working and have worked hard all their lives. If you are worried about social responsibility that you repugs keep hammering at, this is such a very small fraction of the big picture or it could be if we can keep the drug industry in line and these expensive chemicals farmer use out of our food so we can be healthier people.

Nov 14, 2012 6:53pm EST  --  Report as abuse
Numb3rTech wrote:

I am glad Mr. President Obama won, now I wish he would cut the benefits of the legislative bodies so their retirement and medical is just like everyone elses. The VA needs to be saved to protect the veterans that have been injured in the wars. I do not mind paying more in taxes, even though I am just above the poverty line. I am a single old disabled lady. I hope and pray for the United States of America, that we are able to become a viable and strong nation again.
Sincerely, Sonya Jones.

Nov 14, 2012 10:30pm EST  --  Report as abuse
Overcast451 wrote:

* I do not mind paying more in taxes, even though I am just above the poverty line.*

While politicians spend BILLIONS on campaigns – old ladies are willing to pay more in taxes for their country.

http://elections.nytimes.com/2012/campaign-finance

Not being partisan, both wasted huge piles of cash on advertising – instead of feeding their American brothers and sisters in poverty.

Honestly Sonya; I join you every year. I have a house, but I don’t itemize, people think I’m crazy, but someone has to make up for all the money the elected officials are fleecing the country out of. I probably paid 600 more last year than I had to.

But when the US falls; and it pains me to say that, MY hand will NOT be in the cookie jar; taking what I’m not entitled to. My own christian ethics keep me from stealing, laws are inconsequential. These partisan politics are tearing this nation apart by the seams.

If you note, the laws don’t stop anyone from stealing, but maybe this goes back to that saying… “In order for nations to change, first, the hearts of mean must change.”

Nov 16, 2012 9:30am EST  --  Report as abuse
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