A group of rich liberals are asking President Obama to raise taxes by refusing to sign into law any extension of the Bush tax cuts:
Anti-tax activists everywhere have been loudly arguing for an extension of George W. Bush-era tax cuts for the wealthiest Americans in the United States. Now a group of millionaires is arguing the opposite.
More than 40 of the nation’s millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.
“For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled,” their website states. “We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.”
The group includes many big-time Democratic donors such as Gail Furman, trial lawyer Guy Saperstein and Ben Cohen of Ben & Jerry’s ice cream (pictured). The list remains open to millionaires who want to sign on.
If these people want to pay more in taxes…there’s nothing stopping them. If they truly believe it’s patriotic to raise taxes by eliminating the Bush tax cuts (and they clearly due given the name of this group) then they should figure out what they would have paid had those tax cuts not been put in place and cut a check to the IRS for that amount.
They won’t, of course, and I’m guessing it’s because these idiots don’t really want to pay more in taxes. Most of their wealth is no doubt well-sheltered from federal taxes by their accounts. Rather, they want you to pay more in taxes.
But really, there are only two sides to the deficit debate. Those who think that the solution is to raise taxes and those who think the solution is to cut spending. Or three sides, I guess, if you want to count the people who think we need a combination of spending cuts and tax hikes.
Personally, I think we’ve got far more government that we need. We’ve got government that is so large it not only costs us more in taxes than we can afford to pay but it wields so much power that it impacts our ability to live freely and prosper.