“I should pay more taxes.” Not me. President Obama should. No, I am not saying he should pay more taxes; he volunteered. His exact words were, “let me be absolutely clear: I should pay more taxes.” He then went on a verbose dialog about the evil rich and how they should pay more taxes, or as he often puts it, “pay their fair share.”
We often hear that there is an exception to every rule. Well, this especially rings true for the president and his czars. How many times have we heard him say, “everyone needs to play by the same rules”? You see, everyone needs to play by the same rules, except Warren Buffett. Aside from being one of the world’s wealthiest individuals, Buffett is also known for speaking out against the “unjust” tax system. The president has absolutely no shame exalting a man who owes $1 billion in back taxes, dating all the way back to 2002, and he’s not the only one.
My point exactly, MIAMI!
According to him, the rich needn’t be “coddled” and should pay more in taxes, because he pays “a lower tax rate than his secretary.” This, of course, tickled the ears of everyone on the Left, especially President Obama. And ever since then, President Obama has been stressing how imperative it is to heighten the tax rate of those in and above his income bracket. You would think that the Democrat-controlled Senate agrees, but that wasn’t the case at all. A little over a week ago, the tax plan — or should I say tax hike — failed in the Senate. I’m sure the president and the Senate Democrats had a lot to discuss at dinner that night.
President Obama should change his campaign motto to “Do as I say, not as I do;” that way, he is being somewhat straightforward. Two weeks ago, the President released his 2011 federal income tax, which only showcased his hypocrisy: he paid a lower tax rate than his secretary. Oh, it gets better, though. The President is also exempt from his very own “Buffett Rule.” Mr. President, I thought you said you should pay more taxes? In 2009, Obama also stated that raising taxes on anyone, including the “wealthy,” in the middle of a recession would be a “bad idea.” These are just classic cases of situational ethics.
We live in the most charitable nation on the face of the planet, but Vice President Biden doesn’t have a huge part to play in that. He and his wife’s tax returns were released also, and it shows that they donated less than 1.5% of their gross income to charity. I am not one to concern myself with what another person makes or gives, but if the President is going to continue spewing the “fair share” doctrine, he should at least make sure that members of his camp are on board. And let’s not forget President Obama’s hand-picked Treasury Secretary Tim Geithner also has a history of failing to pay his taxes. Oh, the irony.
You’d think that the President would align himself with better people, right? Last year, we learned that General Electric paid no federal income taxes. General Electric CEO John Immelt has close ties to the president; last year, Obama named Immelt the chairman of his Council on Jobs and Competitiveness. You would think that the President would be outraged. I mean, GE earned $14.2 billion worldwide profits in 2010, and paid nothing. Zip. Zero. Squat. Not only did GE not pay a dime in federal income taxes, they also received a $3.2 billion tax benefit. This must be one of those corporate loopholes the president goes on and on about.
It’s really difficult to understand how the President can possibly expect anyone to take him seriously. Class warfare is not the solution, but when you have absolutely no record to run on, I suppose one must settle for divisive doctrines and dogmas. The mainstream media would rather run a story about the amount of money Presidential candidate Mitt Romney (who I am not a fan of, by the way) makes or the amount of taxes he pays under the guise of him being “out of touch” with the majority of Americans, than call the President out on his hypocrisy. The fair share mantra is nothing but a lie. The wealthiest Americans pay 70% of all federal income taxes, while nearly half of all Americans pay absolutely no federal income taxes.
Rather than taking the smooth-talking President at his word, do your own research. We simply can’t afford to take our leaders at their word, nor can we afford to sit around and hope that the mainstream media will do their job– they won’t. It’s our job to hold our elected officials accountable.