Wall Street Journal economics expert Stephen Moore tells Newsmax that there is “no case on economic grounds” to heed President Barack Obama’s call for higher taxes on wealthier Americans.
He says raising those rates would simply encourage wealthier taxpayers to hide their money and wouldn’t boost revenues as predicted by “the anti-Clinton” — President Obama.
And he warns that the expiration of the Bush-era tax cuts next year could cause a double-dip recession.
Urgent Poll: Who Won the Presidential Debate? Vote Here!
Moore is a senior economics writer and editorial board member for The Wall Street Journal. He is the founder and former president of the Club for Growth and a best-selling author. He also wrote the cover story for Newsmax magazine’s October issue.
Moore’s new book is “Who's The Fairest of Them All: The Truth about Opportunity, Taxes and Wealth in America.”
In an exclusive interview with Newsmax TV, Moore was asked if Obama and the Democrats are advocating higher taxes on the wealthy to improve the economy or to win over middle-class voters.
“I don’t think anybody thinks that raising tax rates will improve the economy. At least I certainly hope no one does because the history is so unequivocal that that’s not the case,” Moore says.
Read more on Newsmax.com: WSJ Economist Moore: No Grounds Logic for Obama's Tax on Wealthy
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Via: Newsmax
Continue Reading...
Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts
Tuesday, October 9, 2012
Tuesday, August 21, 2012
OBAMA TAKES DIG AT ROMNEY'S UPBRINGING
President Obama portrayed Mitt Romney on Tuesday as an out-of-touch elitist while pitching education reform in front of college students at a campaign event at Capital University in Columbus, Ohio.
Obama focused on a comment Romney made earlier this year in which he said if someone wants to go to college or start a business, he or she could just “borrow money if you have to from your parents.”
“When a high school student in Youngstown asked him what he would do to make college more affordable for families like his, Governor Romney didn’t say anything about grants or loan programs that are critical to millions of students to get a college education; nothing about work-study programs, or rising college tuition; he didn't say a word about community colleges, or how important higher education is to America’s economic future,” Obama said. “He said the best thing you can do is shop around.”
“That’s it — that’s his plan. That’s his answer to young people who are trying to figure out to go to college and make sure they don't have a mountain of debt — shop around and borrow money from your parents."
Taking a dig at Romney's wealthy upbringing, Obama added: “Not everybody has parents who have the money to lend."
Subscribe to:
Posts (Atom)
Popular Posts
-
President Joe Biden is hiding a myriad of information on the more than 75,000 Afghans his administration has brought to the United States ...
-
A Kentucky Chuck E. Cheese appears to have taken the kid-friendly chain’s “no guns” policy too far, refusing to serve a police officer w...
-
A pro-amnesty group is forecasting that up to 1.76 million young illegal immigrants would get work permits under President Barack Obama’...
-
The Isis militant group has seized enough radioactive material from government facilities to suggest it has the capacity to build a...
-
Drum roll, please The real Cali story is infinitely darker. It’s time for The Top 7 Things The National Media Always Ignore About Jerry B...
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
OSKALOOSA, Iowa – President Barack Obama called the latest addition to the GOP ticket, Rep. Paul Ryan, “a good man, a family man” du...
-
Oprah Winfrey has said racism is still a problem around the world and the only way for it to end is for generations of racists to die out. ...
-
Why is the Obama Campaign trying to disenfranchise military votes and at the same time, trying to make sure that illegal aliens remain o...