Bill O’Reilly Threatens To Quit If Higher Taxes For Millionaires Are Enacted
Reported by Ellen - September 20, 2011 -
Guess what, America? Bill O’Reilly plans to take his marbles and go home if we don’t play by his rules. Apparently, looking out for the folks has its price and it’s a steep one. Never mind that a large majority of Americans (i.e. “the folks”) want tax increases on the wealthy. If O’Reilly doesn’t get his way, he’s going to quit his job and stop making investments. Way to show your love for your country, O’Reilly!
O’Reilly said in his Talking Points segment that opens each show that he wants the federal government to get more money, but just not from him. “If you tax achievement, some of the achievers are going to pack it in,” he said, suggesting the money should come from people who are poorer - an idea he has previously floated. “My corporations employ scores of people. They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50%, which is very possible, I don’t know how much longer I’m going to do this. I like my job but there comes a point when taxation becomes oppressive. Is the country really entitled to half a person’s income?”
In fact, PolitiFact reports that during the Eisenhower administration, the top tax rate was about 90% for workers earning the equivalent of $1.6 million for an individual and $3.2 million for a couple. Someone making the 1954 equivalent of $373,650 in today's money would have paid a tax rate of 72 percent back then. I’m guessing O’Reilly is a lot closer to earnings of $1.6 million than $373,650.
In the segment immediately following the Talking Points, O’Reilly took it a step further, saying, “I’m absolutely not gonna buy stocks if he ups the capital gains to 40%... You raise that cap gains tax up above 20, I ain’t going on.”
Go ahead, President Obama. Call his bluff.
UPDATE: It looks like O'Reilly has dropped his threat, at least for now.