Portman slams Obama for trying to raise taxes on small businesses
In this May 11, 2012, file photo, Sen. Rob Portman, R-Ohio, speaks to supporters at the Wayside Inn in West Union, Ohio.
/ AP Photo/Al Behrman
"He is somehow trying to get the American people to believe if you just tax small businesses more, we can solve this deficit and debt problem," said Portman, appearing on Fox & Friends Tuesday morning. He argued that letting the tax cuts expire would have a minimal effect on the economy, citing a Congressional Budget Office report that said the revenue from such a move would amount to only four percent of the economy.
"Even if do you that, it runs government for about a week," Portman said. "So it's not the answer to our deficit problems and it's part of this concern I have about the direction of the economy under this president. We continue criticize business. We continue to play class warfare and this is what's driving investment and jobs and opportunity offshore," he said, advocating for presumptive GOP nominee Mitt Romney as president.
Portman, who is widely believed to be at the top of the short list for Romney's running mate, offered no news on the search process. Asked if he had heard from Romney recently, he replied, "I have not. I've been watching him on Fox, though!"
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'W' Budget Director, The Onion, MadTV or Comedy Central couldn't top
this. Can you say clone of Quayle?
Oh really?
Obama wants the taxes on the people who make $250,000 a year to go up and that is about 2% of small businesses or less than a million people in our country.
Question for Mitt "Let Detroit Fail" Romney:
How is a giving tax cut to a Wall Streeter who peddles exotic financial derivatives creating jobs for America?
See the bigger picture here is that the Romney campaign and Republicans in general, have no policy positions to offer other than that of the tired rhetoric that, "tax cuts and deregulation" are the answer to the problems with our economy.
It's obvious by now that cutting taxes for the rich did not create jobs and the war in Iraq was a huge unnecessary burden on the US tax payer.
From 2000 to 2007, the United States lost one in five (3.5 million) middle-class jobs. A majority of the new jobs created in the United States under Bush pay extremely low wages at less than $18,000 a year, usually without benefits. This is with corporate profits at an all time high since 1960. The 2005 CBO data show that changes in law enacted since January 2001 increased the deficit by $539 billion in 2005. In the absence of such legislation, the nation would have a surplus that year. In 2010, when all the Bush tax cuts were finally phased in, a staggering 52.5 percent of the benefits went to the richest 5 percent of taxpayers.
President Bush and his supporters argued that high-income tax cuts would benefit everybody because they would unleash investment that would spark widespread economic prosperity.
Never happened.
What about the endless sloganeering against "regulations" by the Republican Party? Republicans like to call regulations "job killing". I admit the phrase is heart breaking and disparagingly clever, but the fact of the matter is that regulations create jobs and ultimately support the general welfare of all the people of our country.
Look at it this way: If you have Social Security, Medicare, the right to vote, the right to an education, a clean park or a lake near you or an FDIC insured place to put your money. If you were given a disability check or a wheel chair ramp into the store you buy your food, if you like safe bridges, clean drinking water, clean air and a nontoxic environment, if you feel safe when you fly, or eat out, or give your child a toy, then it's time you give liberals and "regulations" the credit they deserve.
http://thinkprogress.org/politics/2011/04/14/158424/republican-leaders-debt-limit-hypocrisy/
And how lowered taxes won't help anybody if we keep losing jobs in this country. The middle class jobs that keep every aspect of this country going.
If there is to be any future for people, regardless of it is, then the games must end.