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  Topic: Rep. Lankford: Obama Wants Clinton´s
Tax Rates, but ‘Completely Ignores’
His Reduced Spending
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Rep. Lankford: Obama Wants Clinton´s
Tax Rates, but ‘Completely Ignores’
His Reduced Spending

Cybercast News Service, by Elizabeth Harrington

Original Article

Posted By:KarenJ1, 12/12/2012 8:37:10 PM

Rep. James Lankford (R-Okla.) said that while President Barack Obama is advocating for Clinton-era tax rates on the nation’s top income earners, he “completely ignores Clinton-level spending,” which declined in the 1990s. “The president’s very focused on trying to get the Clinton tax rates,” Lankford said on Capitol Hill, Wednesday. “But he completely ignores the Clinton-level of spending.” “What we’ve got to be able to address is a $1 trillion deficit here,” he said. “If we were just back at the Clinton-level of spending this would solve the issue that we’re dealing with today.”

Yes, you can´t help but notice 0bama always leaves out that part of the equation. The economy is nothing like was then. He can´t be bothered with the facts, only bits and pieces that fit his fraudulent narrative.


Post Reply  

Reply 1 - Posted by: Dante, 12/12/2012 8:54:57 PM     (No. 9062450)

Dims love to celebrate clinton while ignoring the simple reality that he happened to be there during the tech revolution, which was nothing more than circumstance and not a result of his policies. The tremendous economic activity and revenue generation was a gift he didn´t earn.

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Reply 2 - Posted by: Davids918, 12/12/2012 9:50:57 PM     (No. 9062519)

OP, it´s why Dems win these types of political spats.

They state something that´s easy to remember, and understand, then let Republicans try to explain things only to attack the cuts and other stuff Republicans propose.

It´s all part of the game.

Republicans should all state, "we can agree to the Clinton-era tax rates, but we MUST return to the same spending levels."

Walk away from the microphone, and let the Democrats explain.

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Reply 3 - Posted by: LanieLou, 12/13/2012 2:58:40 AM     (No. 9062759)

The miscreant MSM fails to inform the public that Obozo´s pre-election spewing to Tax the Millionaires & Billionaires is now back to Tax the over $250k !!!! Minor detail.

Oh... and don´t bet that your tax rate will be based on your income... It will be charged against your income... but Obozo measures your Net Worth to calculate your tax rate.... then applies it to your income.

I foresee only the peeps on the dole not getting hit by a major tax increase. Regardless of what happens in the cliff negotiations... the GOP is headed for blame.

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Reply 4 - Posted by: gagolfer, 12/13/2012 11:32:26 AM     (No. 9063462)

"Oh... and don´t bet that your tax rate will be based on your income... It will be charged against your income... but Obozo measures your Net Worth to calculate your tax rate.... then applies it to your income."

Exactly where will Obozo and the IRS get your Net Worth from to calculate your tax rate? Nowhere on your 1040 is your NW asked for nor have taxpayers ever given the government any statement of their NW. Assets and Liabilities are not on your tax forms and if you don´t earn income from these assets (such as value of your home, no income from certain investments, etc) the govt has no idea of your actual NW. So how is your tax rate going to be calculated from an unknown Net Worth? All your 1040 shows is your taxable income for the year on which your marginal tax rate is calculated.

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