Tuesday, September 20, 2011

Obama Calls for $1.5 Trillion in New Taxes

On the "wealthy," of course.

At Washington Post, "Obama sharpens contrast with GOP, issues forceful call for new tax revenue."

President Obama made a defiant call on Monday for $1.5 trillion in new taxes as part of a plan to find $3.2 trillion in budget savings over the next decade, issuing his most detailed proposal yet to tame the soaring federal debt.

Abandoning earlier compromises, Obama adopted a posture that cedes far less ground in cutting the nation’s social safety net and demands much more in terms of new levies on millionaires, other wealthy Americans and some industries.

The proposal drew an angry response from key Republicans, underscoring the considerable opposition to his plan on Capitol Hill as a special bipartisan committee on deficit reduction ramps up its work in coming weeks.
Also at Chicago Sun-Times, "Tax the rich, Obama says; class warfare, says GOP."

Progressives are all energized about how Obama is supposedly throwing the "class warfare" attack back in the GOP's face. But all day I've been reading post after post from progressives just mercilessly demonizing the so-called corporate rich. Think Progress is seriously on the warpath, for example, "While Lobbying For Huge Tax Giveaways, Corporations Hoard Record Amounts of Cash Instead of Hiring," and "Multi-Millionaire Rep. Says He Can’t Afford a Tax Hike Because He Only Has $400K a Year After Feeding Family."

These are Marxist attacks, in essence. High earners or the wealthy don't deserve to keep their money. Repeatedly we hear Democrats speaking in terms of "shared sacrifice" and "fairness," but such appeals, nice sounding at first, are cancelled out by vicious attacks on those who aren't poor or unemployed. It's ridiculous. Indeed, it's un-American.

RELATED: "Anti-American Graffiti: Marxist Scribblings Sighted in Suburban Orange County."