AND THE ANSWER IS…JUST RAISE TAXES!!

Demonstrating, once again, what is always seen by Democrats as solving all of their problems, Barry “Almighty” will propose a new levy on U.S. taxpayers who make more than $1 million as a means to help trim the nation’s debt, adopting a suggestion from billionaire investor Warren Buffett, according to an administration official. Now I believe I remember reading somewhere that this scumbag Buffett owed a rather significant amount of taxes. Supposedly this “new” tax, which various media reports are referring to as the "Buffett Tax" and "Buffett Rule," will be part of the recommendations that Barry will make to a special congressional committee charged with finding ways to trim $1.5 trillion from the nation’s long-term deficit. All this according to some nameless official, who wasn’t authorized to speak on the record. That’s pretty much par for the course for this band of thieves.

However, White House Communications Director Dan Pfeiffer said in a tweet Saturday that the tax would act as "a kind of AMT" (alternative minimum tax) aimed at ensuring millionaires pay at least as much tax as middle-class families. Barry will lay out his recommendations in White House Rose Garden “remarks” at 10.30 a.m. Monday and is expected to urge steps to raise tax revenue as well as cuts in spending. I’ve got a rather novel idea, how about we simply get busy cutting some of the rabid spending that has taken place here recently. Now Barry can make all of the idiotic “remarks” that he chooses to, there’s certainly no law against that, but he needs to remember that Congress is free to ignore his “remarks.” And Republicans, who control the House, have said, and on any number of occasions, that they will not agree to tax hikes. Republicans argue that raising taxes on higher-income individuals would hurt small businesses and stifle investment. But, as always, that seems to fall on Democrat deaf ears.


A spokesman for House Speaker John Boehner of Ohio didn’t immediately respond to a Bloomberg News request for comment on the new plan, which The New York Times first reported on Saturday. But during a speech Thursday to the Economic Club of Washington, the Ohio Republican said the 12-member panel should focus solely on cuts to federal spending and overhauling Social Security, Medicare and Medicaid to reach the $1.5 trillion in deficit cuts. He rejected tax increases. “Tax increases, I think, are off the table, and I don’t think they’re a viable option for the joint committee,” Boehner said. While hating to sound like some sort of conspiracy nut, I can’t help but wonder if this whole new tax scheme that Barry will supposedly be suggesting, isn’t anything more than an election ploy of some kind. That instead of putting something forward that could actually be supported by Republicans that doesn’t require them to forsake completely those who elected them, he suggests something that he knows they will not, can not, support. This action by Barry is simply him putting forward that which he knows the Republicans will say no to, so that he can then turnaround and accused them of being nothing more than obstructionist.


The president hasn’t settled on the new minimum tax rate for top earners, which, according to the unidentified White House official, is designed to make sure the wealthiest taxpayers aren’t paying a lower effective tax rate than middle-income earners. Barry has already proposed limiting some tax deductions for those in the highest income brackets, taxing carried interest as regular income and ending breaks for gas and oil companies to pay for his proposed $447 billion “Stimulus II” package. The bipartisan supercommittee has a Nov. 23 deadline to reach agreement on a plan. On taxes, the group is likely to consider setting targets for major changes to be considered over the next year, before income-tax cuts first enacted under President George W. Bush are set to expire at the end of 2012. With the nation’s jobless rate at 9.1 percent, actually it’s at 16.2, the economy is a top issue for both parties in next year’s elections for president and Congress. Barry is attempting to confront skepticism from voters about his policies as public opinion polls show his approval ratings are dropping. So I’m guessing he thinks they’ll like his idea about his taxing the “rich.”


A Bloomberg National Poll conducted Sept. 9-12 showed that a majority of Americans don’t believe his jobs plan will help lower the unemployment rate. The poll found 62 percent disapprove of his handling of the economy. The president’s overall job-approval rating was 45 percent, the lowest since that magical day in January 2009 when he was inaugurated.  Gross domestic product climbed at a whopping 1 percent annual rate in the second quarter, down from a 1.3 percent prior estimate, according to revised Commerce Department figures released last month. Combined with the 0.4 percent annual rate of growth in the first three months of the year, the past two quarters were the weakest of a supposed recovery that was said to have began in mid 2009. And I think that most intelligent people simply do not see this “tax the rich” scheme as a viable means of attacking our astronomical amount of debt. The rich, even the “mega rich” don’t have that much money. Which leads me further to accuse Barry of doing nothing more here than the playing of politics.


Now our “old” buddy Buffett here, has served as an informal adviser to the president since Barry’s 2008 election campaign and conferred with the president before his Sept. 8 address to Congress. Buffett plans to hold a Sept. 30 fundraiser in New York City for Barry’s re- election bid. Barry has cited Buffett to counter critics of his policy proposals, particularly on taxes. But what does that do when most people are fully aware that this fella owes a huge amount of taxes that he has yet to pay? And it was during Barry’s idiotic little taxpayer funded bus tour last month through “rural” areas of Minnesota, Iowa, and Illinois, Barry quoted from the moronic New York Times opinion article in which Buffett wrote that the nation’s richest individuals have been “coddled long enough by a billionaire- friendly Congress.” Buffett argued for raising taxes for the “mega rich” in the U.S. Look, I’m no expert on tax law, so I’m not going to be too quick to jump on this little tax hike bandwagon of Barry’s. Not while there are millions of people in this country who pay not a dime in income taxes whatsoever.