{"id":30728,"date":"2008-10-28T01:01:01","date_gmt":"2011-05-19T03:10:31","guid":{"rendered":""},"modified":"2011-05-19T03:10:31","modified_gmt":"2011-05-19T03:10:31","slug":"obama_s_moving_tax_threshold_250k_200k_150k_what_next","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/10\/28\/obama_s_moving_tax_threshold_250k_200k_150k_what_next\/","title":{"rendered":"Obama\u2019s Moving Tax Threshold: $250K, $200K, $150K — What Next?"},"content":{"rendered":"
\n

RUSH: The Wayne Huizenga example, ladies and gentlemen: ‘Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team … but the presidential election is among the issues weighing on his decision. That\u2019s because a Barack Obama administration is expected to mean higher capital-gains taxes. ‘He wants to double the capital gains tax, or almost double it,\u2019 Huizenga said. ‘I\u2019d rather give it to charity than to Obama. If you do it this year or you do it next year, the difference is humongous because of the taxes,\u2019 Huizenga said.\u2019 Now, the dirty little secret is that businesses larger and smaller than the Dolphins are going through this same exercise. A lot of businesses around the country are now asking themselves, ‘When do we shut this down? When do we sell it? Sooner? Soon? When do we do it?\u2019<\/p>\n

Obama\u2019s thugs say flat-out that taxes are going up. In the teeth of an economic slowdown, we get guaranteed tax increases, businesses are being dumped in anticipation of Obama\u2019s presidency — and these people are contemplating doing this. You know what\u2019s ironic about it is that these businesses are the business that employ people, and many of the people who work in these companies have been infested with this whole silly notion of ‘economic justice,\u2019 meaning that there\u2019s a great equalizer, some great powerful force that can come in and take away from the people who are too rich — and who have no right to it; they don\u2019t deserve it — and somehow give it to everybody else. There\u2019s an interesting statistic, and we\u2019re almost at this point. <\/p>\n

You could confiscate — not tax, you could confiscate — the wealth of the upper 5% or the upper 10%. You could confiscate the wealth of the upper 40% of the people in this country. You could do it one time only because they\u2019d have nothing left — and you could run the government for less than a year, if you confiscated their wealth. There simply isn\u2019t enough private wealth to take a portion of it and make everybody else in this country rich, which is what socialism implies. What the social justice, the economic justice, the way they use the term in order to sell it, it\u2019s very clever rhetoric, but it doesn\u2019t end up working that way. Everybody ends up being taxed because there isn\u2019t enough private wealth generated for the government to take it every year and make a substantial difference in the lives of people who are not wealthy, it just isn\u2019t the case. Never has been the case. <\/p>\n

But the people at the lower end or middle end of the scale don\u2019t know this because they keep hearing about the income gap widening and the wage gap widening and they think that all the wealth is in the hands of a few people. They\u2019re very, very, very susceptible to the argument. It goes back to this notion that once people decide, once they learn that they can vote themselves goodies; then you start down the dangerous path. By the way, for those of you who think that you\u2019re okay with Obama\u2019s tax plan because you earn less than $250,000, and he said that 95% of Americans are going to get a tax cut, and if you make less than 250,000, you have nothing to worry about: A, first thing that\u2019s wrong because there are some tax cuts that are going to expire in 2010, and when they expire the tax rate\u2019s going to go up for everybody which equals a tax increase. You\u2019re going to have to less disposable income. Here\u2019s Obama July 7th in St. Louis.<\/p>\n

OBAMA: If Senator McCain wants a debate about taxes in this campaign, then it is a debate I have (sic) happy to have, because if you\u2019re a family making less than $250,000 a year, my plan will not raise your taxes.<\/p>\n

RUSH: Later in the campaign — this is just recently — very slyly, very slyly, Obama reduced the figure.<\/p>\n

OBAMA: If you have a job, pay taxes, and make less than $200,000 a year, you\u2019ll get a tax cut.<\/p>\n

RUSH: Whoa! So $250,000 has become $200,000. Yesterday Joe Biden in a TV interview on WNEP-TV, Channel 16 in Scranton Wilkes-Barre lowered it again.<\/p>\n

BIDEN: It should go like it used to. It should go to middle-class people, people making under $150,000 a year.<\/p>\n

RUSH: Now, you can say, ‘Well, you know, this is Joe. He has these rhetorical flourishes and he may not be up to speed on what the campaign is doing,\u2019 but it\u2019s come down from 250, and then went to $200,000, and yesterday Biden said you\u2019re cool if you make less than 150. Anybody over that is going to get soaked. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: The Wayne Huizenga example, ladies and gentlemen: ‘Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team … but the presidential election is among the issues weighing on his decision. That\u2019s because a Barack Obama administration is expected to mean higher capital-gains […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nObama's Moving Tax Threshold: $250K, $200K, $150K - What Next? - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/10\/28\/obama_s_moving_tax_threshold_250k_200k_150k_what_next\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama's Moving Tax Threshold: $250K, $200K, $150K - What Next? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The Wayne Huizenga example, ladies and gentlemen: ‘Dolphins owner H. 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