VIDEO @ the URL below.
Brit Hume Has a Snit Over Obama's Tax Plan "Squeezing the Rich"
By Heather Sunday Mar 01, 2009 3:00pm
http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=389Brit Hume was positively fuming over the Obama tax increases on this morning's Fox News Sunday. For once Juan Williams was actually the voice of reason.
Hume: Well it's just so dishonest because the top what, 2% of tax payers in this country pay something on the order of 40% of the taxes already. The top 5% pay 60% of the taxes already, income taxes. And the top 50% pay all but, you know they pay like 95% of the taxes. So most of the people in this country, most of the people pay almost, either no income taxes at all or almost none. That's like half the income brackets. So the idea that the playing field is somehow tilted in favor of the few is bosh!
And the idea that you're going to be able to squeeze out of the rich, who will move their money around and invest in such a way to avoid it as much as they can, this much money in tax receipts is crazy. There's only one way to get a big gusher of tax receipts out of the wealthy and everybody else and that is with an extraordinarily booming economy. And normally what happens is you get that when tax rates, which he proposes to allow to increase here go down. Not up.
Williams: Let me give you an alternative point of view. An alternative point of view is that 40% that you're talking about, those people earn about half of all the money that's earned in America. They're blessed to be in this country and to have the opportunity and why shouldn't they be responsible and pay their fair share of taxes?