During his reelection effort, President Barack Obama has pushed many falsehoods. However, Monday’s Rasmussen survey showed that 72 percent of America’s likely voters disagree with his latest fairy tale that, “if you’ve been successful, you didn’t get there on your own.”
It has been said that “misery loves company.” So — when asked, “would you prefer a one-year extension of the Bush tax cuts for everyone who makes less than $250,000 a year or a permanent extension of the Bush tax cuts for all Americans” — it came as no surprise that Rasmussen’s July 13 survey showed 67 percent of America’s likely voters saying they prefer choice “A.”
However, while the July 16 poll by Pew Research showed 44 percent believing that raising taxes on those who make more than $250,000 per year would help, rather than hurt, the economy – the reality brought forth earlier this month by Town Hall’s Katie Pavlich should prompt at least some of that 44 percent to reconsider their conviction.
“More than 900,000 small business owners file as individuals and will be affected by the tax increase.”
Thankfully, 52 percent of the registered voters polled in the July 14 McClatchy-Marist survey – who said they want all the tax cuts extended, including the cuts for those who make above $250,000 – seem to understand that taxing America’s job creators would hurt, rater than help the economy.
Of course, much of the eagerness to tax those evil job creators stems from two other myths perpetuated by Obama – with assistance from the liberal media.
1) Wealthy people are making so much money that income inequality is at an all-time high
2) The nation’s “millionaires and billionaires” pay less and lower taxes than the rest of us.
As written by Steven Rattner for The New York Times in his March Obama puff-piece in support of Obama’s “tax the rich” plan, “to his credit, President Obama has spoken eloquently about the need to address this problem. But with Democrats in the minority in the House and an election looming, passage is unlikely.”
In the body of his obfuscation effort, Rattner said:
“In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top one percent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 percent to each of these households.”
What Rattner didn’t tell his readers was that, according to a July 10 report by the Congressional Budget Office, the top one percent earned 16.7 percent of all after-tax income in 2007. In 2009, the first year of Obama’s presidency, that income level fell to 11.5 percent.
Obama likes to say that the rich need to “pay their fair share” in taxes – a lot.
While it is true that tax rates for the wealthy are at an all-time low, the amount wealthy people actually pay in taxes is higher than before the recession.
According to the CBO report, the wicked “top one percent” paid an average effective income tax rate of 28.9 percent. That’s more than any other group, and more than double the 11 percent average effective rate paid by the middle class.
The Associated Press reported Monday that “Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.”
After surveying “more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings,” the broad consensus was that the official poverty rate “will rise from 15.1 percent in 2010 and climb to as high as 15.7 percent.”
“Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out.”
While the AP admitted that “several predicted a more modest gain,” they noted that “even a 0.1 percentage point increase would put poverty at the highest since 1965.”
According to InflationData.com, while the highest misery index point during the entire eight years of the Bush presidency hit 11.40 percent in July 2008, it had fallen to 7.87 percent by November.
The misery index high during Obama’s presidency — achieved in June 2011 — was 12.7 percent. That was the highest misery index level recorded in 28 years. The current misery index rate is 9.8 percent.
Considering all of this — over the past four years — the president has clearly provided those in “misery” with a lot more “company” than they could ever “hope” to love.