On yesterday’s Your World, Neil Cavuto hosted “small business owner” Michael Fredrich to attack discuss the President’s refusal to extend the Bush tax cuts for those making over a quarter million dollars a year. If you didn’t already know that Fredrich was Fox’s kind of guy because he has threatened to lay off workers in order to skirt Obamacare regulations, you’d have known it from his first utterances in this segment: "Stop with the class warfare… To me, Donald Trump is a man that should be admired. I mean, he’s built a lot, he’s done a lot of good, he’s created jobs. And this vilifying successful people in this country is enough. I mean I've had enough of it."
Cavuto asked respectfully, as if Fredrich had somehow morphed into an economist, "Do you think… that the way around this is to just keep the tax rates where they are, let them hash things out in the new year by either extending those rates, and then getting a simplified tax code or what?"
Fredrich responded as if he were an economist, even though “small business owner” remained his identification on the screen. "You look back over the last 100 years of this country and every time we've lowered tax rates, we have increased tax revenue. Why is that not on the table? I mean, President Kennedy did it, President Reagan did it, President Bush did it… You raise the tax rates, you have lower revenue, not higher revenue."
Well, not really. As FactCheck (hardly a liberal outfit) wrote in a 2007 post about a similar claim by Senator John McCain:
In fact, the last half-dozen years have shown us that we can't have both lower taxes and fatter government coffers. The Congressional Budget Office, the Treasury Department, the Joint Committee on Taxation, the White House’s Council of Economic Advisers and a former Bush administration economist all say that tax cuts lead to revenues that are lower than they otherwise would have been – even if they spur some economic growth.
But on Fox News, facts almost always take a back seat to political ideology.
And I’m sick of being called a parasitic slut that threatens the country because of my race, gender, and status in life. In fact, I’m pretty sure anyone who’s been getting called one of the three is sick of it.
But, by all means- tell us we should feel sorry for the rich white men that are spouting it because they don’t like accountability.
But you’re missing the point. If FoxNoise bashes people, it’s because they’re following the WRONG path to being “successful people.”
from Nov. 2, 2012
“The nonpartisan Congressional Research Service (CRS) issued a report back in September that showed that tax breaks for wealthy Americans did not help the economy or create job growth.
The report debunked a long-held Republican talking point that cutting taxes for the wealthy somehow creates jobs for the middle class, reports the New York Times.
However, the report was withdrawn because Senate Minority Leader Mitch McConnell (R-KY) said that Republicans were offended by words in the report such as “Bush tax cuts” and âtax cuts for the rich.â
As to Fredrich’s "vilifying successful peopleâ quip, while Jon Stewart was talking about Mittens at the time, the same holds truth for so many of the “successful people” that FOX “news” is always carrying water for.
Stewart: “Nobody cares that Mitt Romney is rich. Itâs Romneyâs inability to understand the institutional advantage that he gains from the governmentâs tax code largesse, thatâs a little offensive to people, especially considering Romneyâs view on anyone else who looks to the government for things like, I donât know, food and medicine.”
Glad you think so, Mike. Since The Combover has declared bankruptcy four times, if you decide to lay off your workers just to get around a regulation, you may soon follow suit . . .