US Action News

Warren Buffett says that his plan differs from Obama’s plan. Jake Tapper points out the difference.

Paul Ryan explains that Obama has already raised taxes $1.5 trillion and taxing capital gains will cripple the economy. Its been tried before and increasing capital gains tax reduces revenue. “We don’t think we should be bailing out states.”

Oregon voted to raise taxes on the top 2% of earners last year and saw revenues drop by one third.

Obamanomics has failed. More people suffer in poverty today in America than since the Census Bureau began keeping poverty records 51 years ago. The total is 44 million, one in seven Americans.

FBN’s David Asman shows the fallacy of taxes as a way to reduce the deficit.

Even Democrat icon John F. Kennedy knew that high tax rates crushed the economy. Raising capital gains rates has always resulted in LESS revenue not more. This administration and the Democrat party are not about revenue they are about punishing success and buying votes to stay in power to enrich themselves and their friends.

Obama’s poorly coded message to investors is to take your money out of America and keep it out. Whether through excessive taxation, suffocating over-regulation, or thuggish confiscation, the lesson to be drawn by anyone with excess capital is to look for friendlier places to put it to work.

Not only does Russia have a 13 percent flat tax, but the government has just announced it will eliminate the capital gains tax (which shouldn’t exist in a pure flat tax anyhow).

Obama is intentionally sacrificing jobs in the pursuit of his own notions of fairness with little or no hope of increasing revenues in the process.