Speaking to reporters Wednesday in the East Room of the White House for the first full-fledged press briefing since March, President Obama was asked if he would be willing to accept closing tax loopholes and limiting deductions instead of a tax rate increase on Americans making over $250,000 per year. Mr. Obama responded: "When it comes to the top 2 percent, what I'm not going to do is extend further a tax cut for those who don't need it."
As the president concluded remarks on upcoming "fiscal cliff" negotiations with Congress, he said: "Are we going to hold the middle class hostage?" The implication by Mr. Obama is that the wealthy are holding the middle class "hostage" if they are allowed to keep money they legally earned, but "don't need."
Consider:
• A married couple -- an attorney and a nurse who together earn $280,000-a-year -- with a special needs child and $150,000 in student loans...
• Another couple -- who own a dry-cleaner, work 75-hour weeks, and gross $350,000 while employing four others...
• A single, biomedical engineer -- who earns $225,000-a-year and spends her spare-time working on a breakthrough medical device because she wants to build her own company...
They are all members of the "top 2 percent"...
And they don't need the money! They don't need it, because Obama believes he is entitled to confiscate it and then redistribute it to his favorite constituencies! His campaign bundlers, union bosses, crony capitalist pals, and eco-Statists... they all deserve it more than the people who actually toiled, sweated, and earned it.
Have you ever heard such a thing from a president?
Terrifying. Outrageous. Un-American.
And without an election to worry about, I believe we will see Mr. Obama unleash his inner Alinsky. And it will take a well-deserved impeachment to stop him.
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