Obama’s Millionaires’ Tax Targeted By GOP As ‘Class Warfare’

0 Shares

Senate Minority Leader Mitch McConnell (R-Ky.) saw the proposal as a hindrance to economic growth and something that had been tried before.The job proposal that was put forth by President Barack Obama has been met with firm opposition from GOP leaders, as the “Buffet Rule” that was outlined in the plan was denounced by Republicans as faulty economics, The Washington Times reported.

Senate Minority Leader Mitch McConnell (R-Ky.) saw the proposal as a hindrance to economic growth and something that had been tried before, reported the news outlet.

“We don’t want to stagnate this economy by raising taxes,” McConnell said on NBC’s Meet the Press. “We had that vote a couple of years ago when Democrats basically owned the Congress, they had overwhelming control of the Senate and the House, and it was defeated then.”

The President’s plan is anchored by $1.5 trillion in new tax increases and entitlement cuts, as the Administration is hoping that the wealthiest Americans will be willing and able to bail out the rest of the country, Fox News reported.

A group of tax hikes will be the foundation on which the President will be able to implement his $447 billion jobs plan, according to the news outlet.

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.