The Drunkard of the House is drawing the line at higher marginal tax rates for the super rich, even though every credible study ever done shows that this always leads to a more prosperous overall society. When Government can invest in infrastructure and education, everyone ultimately benefits. When bags of cash are handed to people who can’t find enough places to hide it already, nothing but suffering and decline of a society are the results.
More and more people, including a lot of those who are among the super rich, understand this. And yet, Beerner continues with his obstruction. Why? Who is he protecting?
Chief executives from corporations such as Goldman Sachs and Deloitte LLP met with President Barack Obama on Wednesday and offered support for resolving U.S. fiscal problems with an approach that included higher tax rates for wealthy Americans.
Some fourteen business chiefs from companies such as Yahoo Inc, Comcast Corp, and Marriott International Inc met with Obama at the White House to discuss solutions to the “fiscal cliff” – a series of tax hikes and spending cuts that will go into effect next year if lawmakers and the president cannot come up with a deal to stop them.
Obama’s outreach to business was meant to garner support for his proposal to extend tax cuts for middle income earners, while raising them for households making more than $250,000 a year.
Republicans oppose raising tax rates, saying that would hurt job growth at a time of still high unemployment.
Executives who attended the meeting said leaders from both sides needed to compromise, and they indicated backing for an increase in rates for high earners like themselves.
“The president and his team were resoundingly reasonable in what they had to say. They came into the meeting wanting to communicate that revenue increases are a significant part of a deal, but not the only part of a deal, and that they were also committed to an entitlement reform and spending focus,” said Marriott Chief Executive Arne Sorenson.
“I think generally people had the view that, if it’s balanced, if there are revenue increases that are part of it, that’s fine, but don’t only talk about revenue increases. Make sure we’re talking about both.”
Goldman Sachs Chief Executive Lloyd Blankfein, speaking to CNN after the meeting, said he did not “preclude” tax rates rising for wealthy Americans to raise revenue and fight the federal budget deficit.
“I’ve said in the past that the numbers would drive you to more revenue,” he said on CNN. “I think it’s better to have as low a marginal rate as possible because the incentive is the marginal rate, but if we had to lift up the marginal rate I would do that.”
Why can’t we do this, then? Because Charlie and David have already invested half a billion dollars trying to buy this election. How much more will those poor, poor guys have to pay? John will make sure that they don’t pay one DIME towards their country. ‘Cuz that’s what patriots do, you know.