By Joseph F. Petros III
If President Obama is re-elected in November, it will be for one reason: the American people believe that the rich are not paying as big a percentage of their income in taxes as everyone else.
That will be a sad day, for America will have elected its leader based on a premise that is entirely false.
The president has deliberately framed his tax argument in terms of fairness, demanding that the rich simply pay their “fair share” and that Warren Buffett not be allowed a lower effective tax rate than his secretary. Republicans can learn a lot from what the president is saying. Indeed, the president’s rhetoric on taxes tells us a lot more about the American people than does the substance of his policies.
If President Obama is re-elected in November, it will be for one reason: the American people believe that the rich are not paying as big a percentage of their income in taxes as everyone else.
That will be a sad day, for America will have elected its leader based on a premise that is entirely false.
The president has deliberately framed his tax argument in terms of fairness, demanding that the rich simply pay their “fair share” and that Warren Buffett not be allowed a lower effective tax rate than his secretary. Republicans can learn a lot from what the president is saying. Indeed, the president’s rhetoric on taxes tells us a lot more about the American people than does the substance of his policies.
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