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Monday, July 16, 2012

Obama: “If You’ve Been Successful, You Didn’t Get There On Your Own” « Hot Air

Obama: “If You’ve Been Successful, You Didn’t Get There On Your Own” « Hot Air: "The facts stand on their own, and are more powerful than any rhetorical devices Obama or Warren can come up with — the wealthy pay their fair share, on average, and while the tax system is certainly deficient (it provides many well-connected rich Americans with special loopholes, and prevents 50% of workers from paying any non-payroll income taxes at all, to name but two flaws) it does not need higher rates while spending continues to grow unchecked and without proper oversight. Obama wants higher taxes? How about we cut spending by 20% or 30% as a trade-off or, better yet, simply eliminate loopholes and apply some of the extra tax revenue to deficit reduction and the rest to lower rates for everyone? Would that be the balanced approach he allegedly wants, and claimed to be for on Friday?"

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