Rove: Obama has 'radical view' of taxation
Fox News contributor criticizes President Obama's tax the rich proposal
- Duration 6:50
- Date Jul 17, 2012
Fox News contributor criticizes President Obama's tax the rich proposal
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Continue now -- our lead story taxes jobs in political madness.
The Obama campaign has spent more than 100 million dollars pounding Mitt Romney as a greedy rich got.
Tax havens offshore accounts carried -- this Romney has used every trick in the book.
Romney admits that over the last two years he's paid less than 15% in taxes on 43 million in income makes you wonder if some years you paid any taxes at all.
We don't know because Romney is released just one full year this tax returns and won't release anything before 2010.
You know what I put out as much as we're gonna put up what isn't -- it's.
And guys have -- with a now scar on it all ties into -- talk and to doctor goes me about it really believe this is true.
That the Democratic Party and President Obama -- completely different idea of capitalism.
Then what the country has had.
In since its founding that they want it's radical departure.
You can put -- label you want on it and they're trying to demonize Romney is another rich greedy guy and and you know.
Do you think it's going to be effective.
Well we'll save that but you're right -- let let's let's take a couple things the Doctor Who -- is actually pretty good guy but but he's on the wrong side of this particular issue.
President Obama has laid out a budget plan that budget plan doesn't take the higher taxes and use it to reduce -- deficit.
In fact the Congressional Budget Office and the president's own OMB forecasts and under president Obama's plan.
There's additional taxes fund and an expansion of government and we never balance the budget no effect and I guess it's bigger it's second things right you're right and the second thing is is it.
President Obama doesn't want higher taxes on the rich but let's be honest about it he also wants higher taxes on everybody.
-- -- ordinary Americans under obamacare will pay two point 8% tax.
On their insurance policy.
He and -- a half a trillion dollars in new taxes over the next ten years on anybody who goes to a hospital anybody who buys a drug.
Anybody who gets a medical device to help manage their disease and maintain their health and it's just you know we got -- we got new taxes everywhere.
Get -- -- charges on everything and that's what I was trying to get yeah across to the doctor and he wants to keep it into the narrow range of income taxes and capital gains.
We all know this is happening.
But it the American public doesn't seem to be respond yes there's outrage over the president's saying.
If you are successful business you really didn't do it and I don't I think he probably take that comment back and we had to do it again because it just sounds callous and ridiculous but.
The American public doesn't seem to understand.
What's at stake here a whole different direction.
For the idea -- for the economy of this -- Entry well -- you don't want I think they will by the end of this campaign particularly if the Republicans and particularly -- -- that gives them that stark choice because.
Instinctively they get the sense that Obama is a big government turn it over to war should.
Mean remember this idea of -- know -- -- whether that file what I'm worried about what I'm worried about is government he said don't worry about state local and federal government here.
Music and here's why it's more than that he everybody knows a big government Democrats because that's what the big the Democratic Party stands for okay.
But he's a zealot and I don't say that a bad way I'm not saying that -- of the jarred.
He believes in his heart he loses Michigan he's on earth right to.
Hate from those who had you and me and give.
Did those and they don't it's and Robin Hood.
To the nth degree right.
And the wind up in the name of fairness you go back in -- various -- just this whatever you want to put social justice right Brian by doing that.
Which a lot of people feel is mobile he could just draw away -- I mean this draw.
The entire economic infrastructure of the country which is not built on social justice it's built on competition.
He has a radical view of the nature of taxation here to four -- said we want -- progressive tax system.
That takes a little bit more from the from the rich and a little bit less from the less -- fluent.
In order to fund the necessary functions of government his view is we use the tax system.
To take from the more successful and affluent parts of our society and reward the less affluent less successful parts of our society.
And re distribute I agree with you and -- Always call -- red hair and about it when 5%.
Are carrying 65%.
-- -- already there you're there you're there and so what you want to make 5% do -- -- -- -- -- -- answer would be yes yes yes lets you know what if he had -- if he had the guts to say that but what he's doing in his.
He's asking EC east -- talk about the general principle and not being specific the question is what allowed or how much is the fair share of the people at the top.
And is it good for our society they have the top 50% of wage earners pay 97%.
Of the tax burden and have the bottom fifty pay.
3% everybody ought to be -- missing Americans succeeded when everybody's in it not when we keep put a bigger part.
You -- -- more business success story and -- that neither does a liberal constituency.
They don't see America as a success story because -- -- public housing.
You have people living in slums you have people who don't have health insurance -- they don't just see it as a success story well you know what they created that culture of dependency.
Well fun -- know -- -- beyond that it's beyond that.
Their -- it's like Iceland I don't know what -- read my column about how President Obama would love Iceland.
When I went there a few weeks ago -- level this society out there.
There are no mansion I didn't see any mansions in Iceland because they're not there because the government -- from anybody who has that level of income.
And distributes others there aren't -- slums I didn't see any slums but there's no -- -- I am very well and and look also there's no there's no and a sense of economic progress and opportunity there and play when you go out there -- people who might -- in the -- that.
The successful people -- of the entrepreneurs to create of the innovators they go elsewhere.
Let me make one point two there's something incredibly dangerous to the immediate prosperity of the country.
And -- Obama's tax proposal which is.
I half the taxpayers who would pay more are small businesses and should be two thirds of the taxpayers.
Who would pay more small businesses and -- half all of the small business income in America would be taxed at higher rates.
Just at the point where were record where workout.
-- I -- -- -- Ayatollah like doctor Goolsbee icu Roland to die case you might bring everybody down.
All right we we're at ten what what what they want -- -- -- justice deal why do you think we want and we think we as a country have the most anemic economic recovery since World War II it's because -- -- defend our money we don't have.
We're running up the deficit at four billion dollars a day and the president's raising taxes in -- these uncertainty.
That even bigger tax increases are common and all those things are discouraging prosperity and innovation competition and growth an -- that costs us jobs by mr.