President Obama has
frequently justified his policies—and judged their outcomes—in terms of equity,
justice and fairness. That raises an obvious question: How does our existing system—and
his own policy record—stack up according to those criteria?
Is it fair that the
richest 1% of Americans pay nearly 40% of all federal income taxes, and the
richest 10% pay two-thirds of the tax?
Is it fair that the richest 10% of Americans shoulder a higher
share of their country's income-tax burden than do the richest 10% in every
other industrialized nation, including socialist Sweden?
Is it fair that American corporations pay the highest statutory
corporate tax rate of all other industrialized nations but Japan, which cuts
its rate on April 1?
Is it fair that President
Obama sends his two daughters to elite private schools that are safer,
better-run, and produce higher test scores than public schools in Washington,
D.C.—but millions of other families across America are denied that free choice
and forced to send their kids to rotten schools?
Is it fair that Americans
who build a family business, hire workers, reinvest and save their money—paying
a lifetime of federal, state and local taxes often climbing into the millions
of dollars—must then pay an additional estate tax of 35% (and as much as 55%
when the law changes next year) when they die, rather than passing that money
onto their loved ones?
Is it fair that Treasury
Secretary Tim Geithner, former Democratic Senate Majority Leader Tom Daschle,
former Ways and Means Chairman Charlie Rangel and other leading Democrats who
preach tax fairness underpaid their own taxes?
Is it fair that after the first three years of Obamanomics, the
poor are poorer, the poverty rate is rising, the middle class is losing income,
and some 5.5 million fewer Americans have jobs today than in 2007?
Is it fair that roughly
88% of political contributions from supposedly impartial network television
reporters, producers and other employees in 2008 went to Democrats?
Is it fair that the three
counties with America's highest median family income just happen to be located
in the Washington, D.C., metro area?
Is it fair that wind, solar and ethanol producers get billions of
dollars of subsidies each year and pay virtually no taxes, while the oil and
gas industry—which provides at least 10 times as much energy—pays tens of
billions of dollars of taxes while the president complains that it is
"subsidized"?
Is it fair that those who
work full-time jobs (and sometimes more) to make ends meet have to pay taxes to
support up to 99 weeks of unemployment benefits for those who don't work?
Is it fair that those who
took out responsible mortgages and pay them each month have to see their tax
dollars used to subsidize those who acted recklessly, greedily and sometimes
deceitfully in taking out mortgages they now can't afford to repay?
Is it fair that thousands
of workers won't have jobs because the president sided with environmentalists
and blocked the shovel-ready Keystone XL oil pipeline?
Is it fair that some of
Mr. Obama's largest campaign contributors received federal loan guarantees on
their investments in renewable energy projects that went bust?
Is it fair that federal
employees receive benefits that are nearly 50% higher than those of
private-sector workers whose taxes pay their salaries, according to the
Congressional Budget Office?
Is it fair that soon almost half the federal budget will take
income from young working people and redistribute it to old non-working people,
even though those over age 65 are already among the wealthiest Americans?
Is it fair that nearly
four out of 10 American households now pay no federal income tax at all—a
number that has risen every year under Mr. Obama?
Is it fair that Boeing, a private company, was threatened by a
federal agency when it sought to add jobs in a right-to-work state rather than
in a forced-union state?
Is it fair that our kids
and grandkids and great-grandkids—who never voted for Mr. Obama—will have to
pay off the $5 trillion of debt accumulated over the past four years, without
any benefits to them?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.