PDA

View Full Version : McConnell: Tax code benefits the poor



DiabloViejo
06-24-2012, 01:38 AM
<span style='font-size: 14pt'>McConnell: Tax code benefits the poor and needs to be changed</span>
By David Edwards
Tuesday, June 19, 2012 15:09 EDT
rawstory.com (http://www.rawstory.com/rs/2012/06/19/mcconnell-tax-code-benefits-the-poor-and-needs-to-be-changed/)


http://www.rawstory.com/rs/wp-content/uploads/2012/06/cbs_tm_mcconnell_120619a-615x345.jpg

Senate Minority Leader Mitch McConnell (R-KY) says that the U.S. tax system is unfair to the wealthiest Americans.

“I understand full well that our friends on the other side live to every day to raise taxes,” McConnell told CBS host Charlie Rose on Tuesday. “Almost 70 percent of the federal revenue is provided by the top 10 percent of taxpayers now. Between 45 and 50 percent of Americans pay no income tax at all.”

“We have an extraordinarily progressive tax code already,” he added. “It is a mess and it needs to be revisited again.”

According to the Congressional Research Service (PDF) (http://democrats.waysandmeans.house.gov/media/pdf/112/CRSBuffettRule.pdf), almost 100,000 millionaires in the U.S. pay a lower effective tax rate than millions of families earning less than $100,000.

Earlier this year, Republicans in the Senate blocked the Paying A Fair Share Act (http://www.rawstory.com/rs/2012/04/16/senate-republicans-block-buffett-rule-bill/) , which would have enacted a rule named for billionaire Warren Buffett, who revealed that he paid a lower tax rate than his “secretary.” An April CNN Poll (http://politicalticker.blogs.cnn.com/2012/04/16/cnn-poll-7-out-of-10-support-buffett-rule/) found that 72 percent of Americans — including 70 percent of independents — favored the “Buffett Rule.”

The Kentucky Republican also told Rose that he was prepared to work with President Barack Obama and House Speaker John Boehner (R-OH) towards a “grand bargain” to lower the nation’s debt.

“The challenge we have, Charlie, for the future is the unsustainable path of our entitlements, very popular programs,” McConnell insisted. “The eligibility for which needs to be adjusted in order to meet the demographics of America. Regretfully after six months of discussions the Speaker and I had with the president, the president was unwilling to make those kind of eligibility changes unless we gave him such a huge tax increase that it would have brought the economy to a halt.”

“We are prepared to do a grand bargain,” he continued. “You have to have a willing president. You don’t get these deals done without a president who is serious about getting an outcome.”

“Many people who know wrote about that and suggested that in the end when push came to shove, it was the Speaker that was not prepared for the grand bargain,” Rose pointed out.

“I read the same articles,” McConnell replied. “I thought we came out very well on the Republican side in Congress.”

Watch this video from CBS’s This Morning, broadcast June 19, 2012. CBS News Video (http://www.cbsnews.com/8301-505267_162-57455873/mitch-mcconnell-tax-code-already-extraordinarily-progressive-and-needs-to-be-changed/)

Qtec
06-24-2012, 03:16 AM
What a load of typical GOP crap.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Senate Republican Leader Mitch McConnell said, noting that <span style='font-size: 20pt'>more than two-thirds of the money the government collects already comes from the wealthiest ten percent of taxpayers.</span> </div></div>

BS.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">“Almost 70 percent of the federal revenue <span style="color: #3333FF">[ again wrong ]</span> is provided by the top 10 percent of taxpayers now. <u>Between 45 and 50 percent of Americans pay no income tax at all.</u>” </div></div>

Wow....really!!!!!!!

Do you have an explanation for that Mitch because I have one and its not rocket science..

Q

Gayle in MD
06-24-2012, 04:21 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">What a load of typical GOP crap.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Senate Republican Leader Mitch McConnell said, noting that <span style='font-size: 20pt'>more than two-thirds of the money the government collects already comes from the wealthiest ten percent of taxpayers.</span> </div></div>

BS.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">“Almost 70 percent of the federal revenue <span style="color: #3333FF">[ again wrong ]</span> is provided by the top 10 percent of taxpayers now. <u>Between 45 and 50 percent of Americans pay no income tax at all.</u>” </div></div>

Wow....really!!!!!!!

Do you have an explanation for that Mitch because I have one and its not rocket science..

Q

</div></div>


Mitch McConnell is a POS.

McConnell was one of the top five earmarkers under Bush.
How the PIGS have the nerve and gall to even mention big spending, is beyond me!

If we went back and made a tally of what Reagan, Bush and Bush blew in defense spending, we could feed the whole world for ten years!

The Pathetic part is that they all made everything worse, not just for us, but for the whole world.

The whole New World Order, which we heard about over and over from Bush One, is nothing but a Repig/Neocon plot, to steal from all of us through their war mongering, designed to fill their own pockets with money from corporate defense contractors.

The tax code, benefits the wealthy, and as for the poor, we've been watching the same corporations who make their fortunes from stealing on Wall St., to cashing in on the blood of our soldiers by launching wars on lies, for decades.

Maybe if there were some corporations in this country with some patroitism, instead of nothing but corruption and GREED, we wouldn't have so many poor people.

Additionally, maybe if Ronald Reagan hadn't given illegals Amnesty, the jobs that used to pay decent wages, wouldn't have dropped in wages, and robbed all of us for years without paying their taxes, with all of the corporate/illegal alien, and outsourcing jobs, most of it all under the table, grand theft extrordinaire, going on, which Ronald Reagan, the fascist, set up during his term.

Repigs have destroyed the American Dream, by stealing everyone blind dumping wealth into their personal hidden bank, for themselves and their cronies, blank checks to steal on Wall St., and through the DOD, and the Pentagon, giving carte blanche to the wealthy crooks to pick our bones, and steal what is left!

G.