{"id":35521,"date":"2011-05-19T01:00:06","date_gmt":"2011-05-19T01:00:06","guid":{"rendered":""},"modified":"2011-05-19T01:00:06","modified_gmt":"2011-05-19T01:00:06","slug":"mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/","title":{"rendered":"Mrs. Clinton Says the Rich “Not Paying Their Fair Share” of Taxes"},"content":{"rendered":"
\n

RUSH: Hillary Clinton. She\u2019s secretary of state. You know that. Hillary Clinton. But she went off the reservation yesterday in Washington at the Brookings Institution. She spoke about the Obama administration\u2019s national security strategy, and a reporter asked her during the Q&amp;A: ‘How do you think that we can manage the balance between fiscal responsibility — which is of course very necessary — but also attention to the most vulnerable, the poorest segments of both American population and worldwide population and the need still to strengthen this recovery, to strengthen unemployment, which remains a key issue?\u2019 Now, do you want me to translate this question for you? Let me lead this question again. This is a reporter, and I want to read this question to you again. This is what passes for brilliant journalism. <\/line><\/line>(idiot reporter impression), ‘How do you think that we can manage the balance between fiscal responsibility — which is of course very necessary — but also attention to the most vulnerable, the poorest segments of both American population and worldwide population and the need still to strengthen this recovery, to strengthen unemployment, which remains a key issue?\u2019 Do any of you know what this question means? Do you have the slightest idea what the question means? I\u2019ll tell you what it means. ‘Mrs. Clinton, how can we manage the balance between fiscal responsibility — which of course we must be fiscally responsible — but then we\u2019ve also got to make sure that the poor aren\u2019t poor, both here and in the world. So how do we manage fiscal responsibility and yet bring people out of poverty while at the same time strengthening employment? Meaning, employment has nothing to do with bringing people out of poverty,\u2019 and here\u2019s her answer.<\/line><\/p>\n

HILLARY: This is my opinion. I\u2019m not speaking for the administration so I will preface that with very clear caveat. The rich are not paying their fair share in any nation that is facing the kind of employment issues, whether it\u2019s individual, corporate, whatever the taxation forms are. And I go back to the question about Brazil. Brazil has the highest tax-to-GDP rate in the Western Hemisphere, and guess what? It\u2019s growing like crazy. And the rich are getting richer but they\u2019re pulling people out of poverty. There is a certain formula there that used to work for us until we abandoned it — to our regret, in my opinion.<\/p>\n

RUSH: Now, ladies and gentlemen, this is important because we need to remind people how the Clintons have avoided paying millions in taxes through their ‘foundation.\u2019 Now, it\u2019s not the William J. Clinton Foundation at the Clinton Library and Massage Parlor. They have another foundation, the Clinton Family Foundation, and they have sheltered a lot of money in these foundations and have avoided paying taxes. So nobody — the rich, anywhere are not paying their fair share. Nobody in any country except in Brazil, and while the rich are paying higher taxes there than anywhere in the world, they\u2019re still getting richer. This never has happened in history. And it\u2019s not happening in Brazil. There you have it. Once a liberal, always a liberal, and liberals believe the same things over and over again, and they never change. ‘High taxes, people aren\u2019t paying enough and we\u2019re going to get you one way or the other.\u2019<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Okay, I went to the e-mail, checked the e-mail as I always do during the commercial breaks. And I can always predict what I\u2019m going to get. ‘What do you mean? How can you say the Clintons are dodging taxes by funding a foundation?\u2019 All right, let me explain it. I have nothing against foundations, ladies and gentlemen. But what\u2019s the topic here is hypocrisy. Remember, Hillary said, ‘The rich are not paying their fair share.\u2019 What does that mean? What she means — when any liberal says that, what she or they mean — is that individuals are not giving the government as much as they should be. Remember, government is god-d, and if you skip out on your taxes you are screwing god, you are screwing government, your taxes should be paid to government, and if you are rich, you should be paying even more. Now, what is a foundation? A foundation is a good thing. But you can shield all kinds of money, millions of dollars, from the government by putting it in a foundation. <\/p>\n

Let me read you a story, give you an example. According to a 2007 Washington Post article, the Clinton Family Foundation ‘has enabled the Clintons to write off more than $5 million from their taxable personal income since 2001,\u2019 and who knows how many more millions they have saved on their taxes since 2007. And they kept this foundation a secret. Everybody\u2019s known about the Library and Massage Parlor foundation. But from the Washington Post article: ‘Clinton\u2019s spokesman said her failure to report the existence of the family foundation and the senator\u2019s position as an officer was an oversight.\u2019 This only came out when Hillary decided she had better ‘amend\u2019 her Senate financial declarations before she ran for president. The Washington Post article also noted Pelosi had a similar family foundation — and she, too, was allowed to amend her declarations without any penalty. <\/p>\n

‘Tax records show the Clinton Family Foundation was created during Hillary Clinton\u2019s first year in the Senate, when the couple gave $800,000 to launch the organization in early December 2001. The charity distributed no funds that year.\u2019 Now, here\u2019s the truth. Let\u2019s say you have the kind of wealth the Clintons have. The way these foundations work, you set it up… I\u2019ll use myself. If I wanted to set up a foundation, I set the Rush H. Limbaugh Foundation for Working Families of Pennsylvania. You can call it anything you want and let\u2019s say I want to put $5 million in it. I can do that, and I get to write off that $5 million. I don\u2019t have to pay taxes to The Government (which is god) on $5 million. I\u2019m setting up the foundation to make sure somebody else gets the money rather than government. This is the hypocrisy! Mrs. Clinton thinks the government\u2019s getting short-changed when she says, ‘The rich aren\u2019t paying their fair share.\u2019<\/p>\n

She is The Rich! Now, it\u2019s a charitable deduction and you get to take it all in one year. If I put $5 million into the Rush Limbaugh Foundation for Pennsylvania Working Families this year, then I get to deduct that five million bucks. I only have to pay out a bit. I forget what the number is. She didn\u2019t pay anything, and that\u2019s a violation. You have to distribute a small percentage. I think it\u2019s 10% of it, maybe not even that. So to be legal, I could set up a $5 million Foundation for Pennsylvania Working Families, get a $5 million tax deduction (meaning that five million is shielded from going to government, god), it goes to whatever charity I want to give them. I lose control of the money, don\u2019t misunderstand. I can\u2019t use it to go out and buy a bunch of iPods or anything else. It\u2019s gone. <\/p>\n

I can only give that money to whatever I want to give it to, some charitable group, but you don\u2019t have to give the five million away in one year. I can give away $50,000 — and the next year I can put another $5 million in and I only have to give away a hundred thousand. So in two years I\u2019ve shielded $10 million in taxes at whatever my marginal rate is, from the government god. This is what the Clintons are doing. It\u2019s what Nancy Pelosi is doing. So it\u2019s not that they\u2019re pocketing the money, don\u2019t misunderstand. They are taking the money away from themselves. They\u2019re just making sure that government doesn\u2019t get it. They remain in control of it. Now, if you are the Clintons, and you have $5 million sitting around, what can you buy with that? If you want to run your foundations and say you want to donate X to some other politician\u2019s charity, what will that politician give you in a quid pro quo? <\/p>\n

If you want Joe Sestak to quit his bid for the Senate — it\u2019s a figurative example here, of course — you might take some money from your charitable foundation and give it to something that Sestak cares about, like Pennsylvania working families and Sestak will owe you. Let\u2019s just be clear about this. This is pure, unadulterated hypocrisy. I am not opposed to charity, and I think it\u2019s a fine thing for anybody to set up a foundation. But make no mistake why people do it. It is not purely altruistic. It is to make sure the government doesn\u2019t get the money. Do you know what you know you ought to do, just to have fun? Pretend that you have gazillions of dollars. Just do this. Pretend that you have gazillions of dollars and go, just for the exercise of it, to a family planning lawyer or somebody at your bank that does family planning services, and tell them why you\u2019re there. You know, ‘I\u2019m here because I want to make sure that upon my death the people I care most about benefit from my estate,\u2019 and without exception, the first thing — the first thing — the family planning guy will tell you is, ‘Okay, we\u2019ve gotta make sure the government doesn\u2019t get it.\u2019 That\u2019s the objective. It\u2019s normal. It is natural. The government sets up these legal foundation for the purpose. So it\u2019s pure hypocrisy for Mrs. Clinton to run around and say the rich aren\u2019t paying their fair share when she and her husband and Pelosi are short-changing their very government god that they claim we are not servicing enough, and that was my point.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Now, between 2001 and 2005 the Clintons seeded their family foundation charity with $5.16 million of their money. I got a question during the break in an e-mail: ‘If you fund the foundation with your own money, do you get to reap the rewards of the interest that it earns or whatever gains it makes, because you can invest it. You invest it in whatever you want to invest in. You know, get a financial manager, put it in stocks, bonds, whatever. You want it to grow. You do a golf tournament, you ask people to contribute to it.\u2019 No. The money stays in the foundation. You have no control over it. All you\u2019re doing is shielding it from the government and from taxes, and instead directing it to charitable causes that you believe in. <\/p>\n

And when you\u2019re a politician, ‘a charitable cause you believe in\u2019 could be freaking groundhog. I mean, it could be anything. Now, Hillary, lest we forget, this is the same woman who took a four dollar a pop deduction for giving thrift stores their used underwear when they were governor and first lady of Arkansas. You remember that, Dawn? They would take stuff down to the Goodwill bin and they would write off $4 for dirty underwear. I mean, these people have long been into taking advantage of every tax deduction that\u2019s out there. Now, one of the few things… They haven\u2019t distributed a lot of money from the foundation. You don\u2019t have to do that. It\u2019s a minimal requirement every year. But one of the few things that the Clinton Family Foundation gave ‘grants\u2019 to was a charity connected to the Arkansas businessman who helped Hillary Clinton make a hundred grand in the commodities deal. <\/p>\n

That was Robert ‘Red\u2019 Bone, I think. So many Arkansas names, I\u2019ve forgotten them now but I think it was ‘Red\u2019 Bone. I forget who it was. I remember Hillary turned something like a thousand dollars or $10,000 into a hundred thousand dollars in cattle futures, and she said she learned about that by reading the Wall Street Journal. But she gave that money. She gave a grant to a charity connected to that guy who ran what turned out to become Cattlegate, and all of this is in the 2007 Washington Post story. I mean, it\u2019s all there. It was part of the run-up to Hillary\u2019s presidential campaign. In any case, folks, it\u2019s nice to see that the Clintons finally got around to paying off the gentleman who scammed them a cool hundred thousand dollars when they were earning a merely 30 grand a year when Bill was governor.<\/p>\n

Remember, she was the big money winner. While he was making some paltry some as governor, 30 grand, she was the breadwinner at the Rose Law Firm. And I\u2019m convinced that the Clintons went into Whitewater and all this because they really believed that people got rich, did it by scamming the system. They didn\u2019t believe it was genuine hard work that got anybody anywhere. So the cattle futures scam and so forth. At least they have the class to pay off this guy in an indirect route from the Clinton Family Foundation which nobody knew about. They didn\u2019t report that it existed because they didn\u2019t want people to know they\u2019re shielding another $5 million from government god. Make no mistake, folks. Make no mistake about this. These people are hypocrites from day one. When they start talking about the rich ‘not paying their fair share,\u2019 they are at the top of the list showing everybody how it\u2019s done. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Hillary Clinton. She\u2019s secretary of state. You know that. Hillary Clinton. But she went off the reservation yesterday in Washington at the Brookings Institution. She spoke about the Obama administration\u2019s national security strategy, and a reporter asked her during the Q&amp;A: ‘How do you think that we can manage the balance between fiscal responsibility […]<\/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,"footnotes":""},"categories":[],"tags":[],"class_list":["post-35521","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMrs. Clinton Says the Rich "Not Paying Their Fair Share" of Taxes - 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:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Mrs. Clinton Says the Rich "Not Paying Their Fair Share" of Taxes - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Hillary Clinton. 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She\u2019s secretary of state. You know that. Hillary Clinton. But she went off the reservation yesterday in Washington at the Brookings Institution. She spoke about the Obama administration\u2019s national security strategy, and a reporter asked her during the Q&amp;A: ‘How do you think that we can manage the balance between fiscal responsibility […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125116.Par.4584.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/#article","isPartOf":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/"},"author":{"name":"admin","@id":"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"headline":"Mrs. Clinton Says the Rich “Not Paying Their Fair Share” of Taxes","datePublished":"2011-05-19T01:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/"},"wordCount":2318,"commentCount":0,"image":{"@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125116.Par.4584.ImageFile.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/","url":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/mrs_clinton_says_the_rich_not_paying_their_fair_share_of_taxes\/","name":"Mrs. Clinton Says the Rich \"Not Paying Their Fair Share\" of Taxes - 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