On Wednesday House Speaker John Boehner (R-OH) said that the House Republicans are ready to roll over and go along with Barack Obama on raising taxes on the rich. That’s right, what we’ve all been expecting they say they are ready to do, they just want to do it by reducing tax credits rather than raising tax rates.
As word spread that conservatives are seeking to depose Boehner as Speaker of the House because he has demonstrated himself to be a RINO (Republican in name only), the Ohio Congressman said, “America faces a very serious problem. And our goal is to make sure it gets solved. We have a debt problem that is out of control. We’ve got to cut spending and I believe that it’s appropriate to put revenues on the table.”
Right Mr. Speaker, and just why aren’t those entitlement reforms you were demanding on the table?
“Now,” said Boehner, “the revenues we’re putting on the table are going to come from guess who? The rich!”
So hey, if you are in this crowd and you are “the rich” you have John Boehner and his guys to thank for taking more of your money as you pay more of your “fair share” and some of ours too.
“Now there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy,” he added.
Barack Obama has insisted that tax rates had to be increased on those who earn more than $250,000. The present offer by Boehner doesn’t raise rates, but there is no doubt it will squeeze more taxes out of those earning more than $250,000.
“Listen, our members believe strongly that raising tax rates will hurt the economy,” said the Speaker. “Closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates, because raising rates will hurt the very people that we’re expecting to help create jobs in our country.”
Boehner is one of many that signed the American for Tax Reform pledge to the American people, in which he promised to oppose any and all efforts that would raise tax rates, reduce deductions and credits, unless those become equal to cuts in tax rates.
Well I guess we see what John Boehener’s word is worth. Apparently it’s worth nothing to the American people, but nearly billions of dollars to Barack Obama and the Democrats.
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