The new lord and savior of America, the almighty god-king Obama has not stop campaigning. He is making daily appearances demonizing Republicans over the fiscal cliff. The only item Obama even mentions is raising taxes on those making $250,000. As with the election, Obama is winning the argument. Over 60% of Americans support raising taxes on those making over $250,000 a year. The truth is raising rates on that segment of tax payers will only bring in an extra 80 billion a year. Personally, I think the Republicans should counter propose an call for raising rates on those making over 1 million a year, a 30% Entertainment industry excise tax and eliminate state income tax deductions. This will hit the affluent Democratic voters.
The Republicans lacking imagination have not counter propose. Instead they are offering to eliminate some tax deductions to raise revenues. This is not good enough for Obama, who continues to demagogue the issue and has not come up with any concessions of his own.
House Republican leaders said Wednesday they’ve done their job in negotiations to solve the looming fiscal crisis, while President Obama is returning to the campaign trail to sell tax hikes that studies show won’t have much, if any, effect on solving the problem.
“We have done our part by putting revenue on the table,” said House Majority Leader Eric Cantor.
Cantor and fellow House leaders have agreed to close tax loopholes to generate revenue to reduce the $1.1 trillion annual deficit. But they argue the president has yet to say publicly what cuts he will make to the federal budget — specifically to costly entitlement programs such as Medicare, Medicaid and Social Security — to reduce the deficit.
They also say the president’s plan to extend tax cuts only to middle-class Americans will not generate enough revenue to significantly reduce the deficit.
Jamie Foxx’s lord and savior is not serious about the budget deficit. He honestly could care less about it and just wants to raise taxes on people making over 250,000 to make people feel better. The Obama regime is about feelings and not concrete results. The almighty philosophizer king has a combination of a incompetent opposition and an adoring media, which allows him to get away with it. 51% of Americans love this man and don’t care about any results.