Romney Releases Tax Returns: Let The Class Warfare Begin!
With the release of Mitt Romney’s tax returns showing he paid taxes at a rate of around 15%, President Obama and his liberal base are sure to be running around palms up screaming “RAISE CAPITAL GAINS TAX RATES!! “FAIR SHARE!!” and “TAX THE RICH!!” in the hopes that a campaign based solely on class warfare will prevent President Downgrade from having to run on his dismal record of failure.
What they won’t tell you is that, unlike so many favorites of the Obama Administration, Romney paid every dime he was required to under the law. They won’t tell you that top rates on income from long-term capital gains and dividends is typically 15%. No, no, no, you won’t hear any of that. You know what else you won’t hear? That Romney gave over $7M dollars to charitable causes during that time because it ruins their greedy rich people narrative. They also won’t tell you that President Obama’s ‘Millionaire’s Surcharge’ would have done nothing to address any of this. From Hot Air:
Not only is this cheap class-warfare nonsense, it’s also flat-out false — unless Obama has proposed at some point treating capital gains differently than income. He has talked at times of raising the cap-gains rate from 15% to 20%, but that will still put cap-gains at “a lower rate than average Americans who are struggling to get by.” Obama’s so-called “millionaire’s tax” surcharge wouldn’t have applied to Romney either, because that was a surcharge on income, not capital gains. If Obama wanted to have that debate with Romney, he’d shortly be exposed as either a hypocrite or an idiot.
But the one thing they really don’t want you to see? The one thing that really exposes President Obama’s entire eat the rich class warfare garbage and economic views for the fraud that they are is contained this video from a 2008 debate with Hillary Clinton:
You see that? Even when told raising the capital gains tax rate lowers revenue, he said he’d still do it because of fairness. That’s because he doesn’t care what the results of any his decisions actually are, he only cares how they sound to his liberal base. Just like his decision to reject the job-creating Keystone Pipeline, we see the only result President Obama really cares about is getting elected.
As if on cue, Mark Knoller of CBS tweeted this:
WH Aides have said Pres Obama will make tax fairness a key part of his SOTU tonight.
Of course he is. Odds he says “fair share” more than 20 times? Close to 100%. Odds he actually defines what everyone’s “fair share” actually is? 0%.