President Obama: More Revenue? But of Course!

President Obama: More Revenue? But of Course!



cash-taxesBefore the Super Bowl, President Obama granted an audience to CBS, during which he said he’s not shoveling more of our blood and sweat into the gaping maw of Big Government.

There is no doubt we need additional revenue, coupled with smart spending reductions, in order to bring down our deficit,” said Obama. “And we can do it in a gradual way so it doesn’t have a huge impact. As I said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can’t take advantage of them. The average person doesn’t have access to Cayman Island accounts, the average person doesn’t have access to carried interest income where they end up paying a much lower rate on billions of dollars that they’ve earned. And so we want to make sure that the whole system is fair, that it’s transparent, and that we’re reducing our deficit in a way that doesn’t hamper growth, reduce the kinds of — you know, strategies that we need, in order to make sure that we’re creating good jobs and a strong middle class.

Remember, folks, the Republicans cowered and whimpered compromised on the fiscal cliff precisely to take “additional revenue” off the table. GOP leaders told us their clever ploy ensured the President had to focus on spending. Had. To.

As we see, though, the President has a singular focus on absorbing as much of your life as he can, the better to fit you into your place, whatever he and his cohorts decide that is. President Obama’s “good jobs” aren’t there and they never will be so long as he’s calling the shots. The “strong middle class” he envisions is a myth, for there is no middle class without the freedoms to succeed and fail and those freedoms are fading faster than our labor market.