Obama: Don't Extend Tax Breaks for Wealthiest

President Barack Obama strongly defended his opposition to extending tax breaks for the wealthiest Americans and delivered a searing attack on Republicans for advocating "the same philosophy that led to this mess in the first place." (Sept. 8)

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News & Politics

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• obama_economy

[americansanscullotes]

What's funny is GE receives huge tax breaks. Because Obama made them shut down regular light bulb factories they have to move their plant to mexico. And still recieve huge tax breaks

[omega4chimp]

@Bardlettt lower taxes for the middle income people then they buy more anyhow become super rich it the really poor people that are slackers.

[omega4chimp]

Raise taxes for the super wealthy. lower taxes for the poor then they buy more anyway.

[007shagman]

OUT TOTAL COUNTRY HAS FLATLINED  F L A T L I N E D

[staggerlee43]

all i want is my taxes cut.thats it.i run a business and work 12 hours a day pay my self for 8.i pay 60% in taxes and workmans comp.how much more do you want me to pay.cut taxes so i can invest in my business which creates jobs.people will have money to spend on goods and services which have to be made and provided.guess what that creates more jobs.now all those people with new jobs pay taxes.cutting taxes increases revenue to the government.cut spending and you will balance the budget.simple.

[Bardlettt]

@myHome109 So 44% of the American people are deadbeats? You forgot to mention that those "high income peoples" have 34% of the wealth, and that's just the top 1%. They don't spend it on hiring, at least not hiring Americans; instead it's stored in banks (banks I was forced to bail out) or buys cheaper labor overseas. Fuck the rich, a multi-million dollar corporation is not a small business. BTW, bardlettt => never been on public assistance, lives in lowest income bracket.

[Flamingdarkninja]

i would love it if obama came to the keep fear alive rally and have one of these idiots give a fucking speech, they want their voices heard will let them do it in some rational ways! not bitch about something they know so little about

[myHome109]

What the dead-beat clan do not tell you? For every $2,000 per month benefit to the non-tax paying dead-beats, approximately $250,000 in lines-of-credit are removed from the market. For every one person collecting $2,000 per month, 5 people making $50,000 per year lose their jobs. Small businesses are not 100% cash cows, small business owners manage debts. Working capital comes from bank lines of credit. $2,000 per month = $250,000 line of credit! Government free stuffs are mass job killer!

[myHome109]

Under the DEAD-BEAT CLAN exaggerated whines, let us examine who is paying and who are the Dead-beats. 44.4% of all American receive government assistance. 13% of USA House holds pay neither fed income nor payroll taxes. Small Business pay 15.4% Social Security Tax, High income people pay 35% Fed tax + State taxes (NY 8.97% + Local 3.648% = 12.618%) + Plus Property TAX 35%+12.618%=47.618% for high income peoples. Enough is Enough Tax the Dead-beats Government Workers!

[myHome109]

Mr. Obama and Mr. Axlerod, America cannot afford your scam based accounting practices. Federal, State, County and Local government workers got 6-7% raises negotiated by the Unions. 2% salary and 4-5% pension-healthcare, then this same group of Government workers did not pay Social Security taxes, the government did not match the 7.7% contribution. From a Tax Payers accounting 85% of all Americans have to pay 6%+7.7%+7.7% = 21.4% more taxes to cover this years Gov dead-beat tax evaders!