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Policies & Politics

Obama: "I Will Veto Any Bill" That Doesn't Make Wealthy Pay Fair Tax (VIDEO)

Obama speaking at the Rose Garden.

Obama is pushing strong on an issue that most Americans think needs to be addressed, but which Republicans and the wealthiest of the wealthy are (mostly) strictly against: making millionaires and billionaires pay at least their fair share in taxes.

He stated in a Rose Garden speech yesterday that he will veto any deficit bill that gets to his desk and doesn’t include cutting of corporate tax holes that leave CEOs with a lower tax rate than their secretaries.

–> Also see: Obama: The Richest of the Rich Need to Pay More Tax (Equal to Normal Folks)

Republicans, sadly, just want to cut the deficit by cutting programs for common people (from Social Security to clean air and water to disaster relief). House Speaker John Boehner has said that tax increases are “off the table,” meaning that one of the two is going to have to budge or no deficit bill is going to be passed.

Obama is including some spending cuts in his proposed deficit plan, but he is not willing to sacrifice our air, water, climate, health, and hard-earned Social Security just so the richest of the rich in this growing plutocracy can afford another multi-million-dollar mansion.

“I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share,” Obama said. “We are not going to have a one-sided deal that hurts the folks that are most vulnerable.”

The public is also fed up with the common citizen suffering while millionaires and billionaires earn more and more (see: #occupywallstreet Coincides with Obama Push to Make Millionaires Pay Fair Share in Taxes), and I’m sure if the members of the common public are not totally confused by the rhetoric of Republicans, they will heavily support Obama on this one, not Boehner (no matter what their political or ideological leanings).

h/t Streetsblog

Image Credit: Official White House Photo by Pete Souza

 




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