GOP presidential candidate Mitt Romney, his new 'milk the middle class' BFF House Representative Paul Ryan, other Tea Partied and 'Grovered" congressional members, and Right Wing political pundits, OVERWHELMINGLY, oppose President Obama's Paying a Fair Share Act. Congressional Democrats presented a major, unified push to bring the Act before the House for a vote next week. According to a huffingtonpost.com article, The President and Congressional Democrat bill would "codify the Buffet Rule" named after billionaire Warren Buffet requiring "people who make more than $1 million to pay a 30 percent effective tax rate. The proposal would, also, "ensure that millionaires and billionaires pay at least the SAME tax rate paid by middle-class families."
It is NO surprise that Mitt, Paul and the rest of the GOP congressional, 'roll over Grover wealth whisperers' are opposing the Act with the same old command - "President Obama wants to punish the job creators."
The FACT of the matter is that in addition to Warren Buffet, more and more billionaires, millionaires and small business owners are destroying the GOP fantasy that "job creators", actually, create jobs! US News business blogger, Rick Newman, even went so far as to state that "most politicians speaking on behalf of JCs (job creators) AREN'T JCs themselves"!
Bllionaire, Nick Hanauer, wrote an editorial in Bloomberg in which he "destroyed the argument that jobs in America are created by rich entrepreneurs and investors". Hanauer's observations are based on the following points:
1. Taxes on rich people are ALREADY historically low.
2. What creates jobs is a healthy economic "ecosystem" e.g. customers who buy the company's products.
3. If customers go broke, the demand for the company's products will collapse and the jobs will disappear, REGARDLESS of what the entrepreneur does.
Michael Kehs, CEO if Chesapeake Energy said a tax advantage "does NOT drive our hiring." Small business owner and blogger, Jay Goltz, wrote, "if I have a problem it's NOT WITH TAXES OR REGULATIONS, it is that I don't have enough customers with money to spend". The RESPONSIBLE WEALTH NETWORK comprised of over 700 business leaders and wealthy individuals in the TOP 5% of income and/or wealth in the US believe that "when it comes to taxes, not all income is created - or taxed – equal". The Network further states that "despite the time honored value of rewarding hard work, our tax code gives PREFERENTIAL treatment to income derived from pre-existing wealth INSTEAD OF income earned form work."
In his US News blog, businessman, Rick Newman outlined 5 top items job creators want: " 1) more customers with more money to spend; 2) political leaders WHO ACT LIKE job creators; 3) real predictability from Washington; 4) an active Federal Reserve, and 5) BETTER TAX AND REGULATORY POLICY."
Based on the opinions of ACTUAL "JOB CREATORS"…
1. Lowering tax cuts for "job creators" HAS NOT and WILL NOT create jobs.
2. Passage of the President's Paying a Fair Share Act will provide customers for job creation.
3. Increasing taxes on the middle class equals a loss of customers for "job creators".
4. Mitt Romney, Paul Ryan and 'roll over Grover' Republican Congressional 'wealth whisperers' KNOW NOTHING about job creation.
5. The most influential MILLIONAIRES interested in NOT creating jobs are 'Grovered', Republican wealth whisperers holding congressional office and the reigning 2012 GOP presidential candidate who wants to take THE Office!
GOP 'wealth whisperers' need a webinar in Job Creation 101 by next week. WE can instruct them at:
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