“It’ll probably work politically,” The Weekly Standard’s
Stephen Hayes observed of President Obama’s “fairness”-based “Buffett
Rule” tax hike quest, “but don’t reporters have a job to do here?” On
FNC’s Special Report on Tuesday night he noted the 30 percent
income tax rate on capital gains “would raise less than six percent of
the total cost of the stimulus” and “would raise roughly the same amount
in one year” as “the U.S. government accumulates in debt in a single
day.”
Declaring it “totally meaningless,” Hayes asserted “there’s nothing serious about” Obama’s economic plan and so, he suggested in an idea with little chance of occurring, “reporters should do their job and put this in perspective.”
(CNSNews.com) - Speaking Friday at what the administration called
“The White House Forum on Women and the Economy,” President Barack
Obama said that after his two daughters were born, he and his wife—both
Harvard Law School graduates—could not afford the “luxury” of having
her stay home with the children. In 2005, when Obama began serving in the U.S. Senate (and his
daughters turned 4 and 7), he and his wife were earning a combined
annual income of $479,062. Barack Obama was paid a salary of $162,100
by the U.S. taxpayers, and Michelle Obama was paid $316,962 to handle
community affairs for the University of Chicago Medical Center.
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