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<\/p>\nKEN: So we\u2019ve been looking at what Biden has been doing — I\u2019m sorry, Joe Biden, what Joe Biden has been doing — since he took office. Now, a lot of people don\u2019t even think he\u2019s doing it. Again, that\u2019s the kind of creepy thing that people are pretty much coming out and saying, “This is not right what\u2019s happening. He\u2019s not right. Who\u2019s running the show?”<\/p>\n
Now, if you missed it at the beginning of the week, he\u2019s about to increase taxes the most since 1993. Now, do you remember…? I\u2019m sure you do. In this audience, you do. Your neighbor might not. If they still have a “I\u2019m With Her” bumper sticker on their car, they probably don\u2019t remember anything.<\/p>\n
Let\u2019s go back to 1993, to the last time taxes were raised this much. Now, you may remember Rush said, “Anybody who has the power to tax has the power to destroy,” and he was crystal clear: They\u2019re destroying the American dream. Here\u2019s Rush.<\/p>\n
RUSH: I don\u2019t know how many of you saw the president last night in the Rose Garden after this thing was passed. You had to be watching CNN to see it. I\u2019m literally… I\u2019d think I would be used to it by now, but the gonads of it all just continue to overwhelm me. To come out of the Rose Garden and to talk about how gridlock is over, and the slow growth of the eighties has now been rectified, the low investment of the eighties has now been rectified?<\/p>\n
<\/p>\n
Uh, it\u2019s 1993! It\u2019s over halfway through 1993. If any of you doubt that all that was going on last night was getting the rich — if you think this was about economic growth, if you think this was about expanded job opportunities for the middle class, if you think this was about deficit reduction — you\u2019ve missed the point. You\u2019re wrong. It\u2019s not about anything other than restructuring the American way of life.<\/p>\n
And with tax retroactivity — and I have a little bit more to say on this a little bit later on, too. With tax retroactivity, my friends, let me tell you what\u2019s been taxed. Your dreams. Your American dream has been taxed. Let me share with you… Let me tell you why I think this way. The real rich — the Perot types, the Henry Kravises of the world, the Michael Eisners of the world — the people with $150 million, $100 million, $50 million, this really is…<\/p>\n
In terms of dollars, it\u2019s chump change to \u2019em. It\u2019s not chump change. They\u2019re not going to agree with me. But if you\u2019re gonna structure this… Now, hear me out on this: If you are a gonna structure something that\u2019s really gonna get money from the rich, then you have a couple more brackets here, and you punish certain types of income, not just wages and salary, and you expand the rates on certain types.<\/p>\n
Now, that\u2019s happened, and don\u2019t misunderstand: I\u2019m not changing a previously stated position. But when you target people who, as families, make $180,000 and $250,000 in those brackets, those are attainable brackets. Those are brackets, those are figures that people can and do earn in salary. Those are amounts that can be earned as wages.<\/p>\n
And in many cases, at those levels, those are wages where you have enough left over to save. And how many times do we hear that the American savings rate is too low from our very own government? What has happened… We hear it a lot. What has happened here is, with the combination of retroactivity — taxing property, in essence, is what this is.<\/p>\n
You\u2019re taxing property. You\u2019re taxing savings. You\u2019re taxing something other than income. The income has already been earned. The contract with the American people has been violated with retroactivity. When you start taxing at these brackets, you\u2019re taxing people\u2019s dreams. You\u2019re taxing people\u2019s hopes, people who want to get to that level — and this is done purposefully.<\/p>\n
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This is done with a notion to somehow redistribute wealth and purchase the goodwill of the people in the middle class who you hope recognize what you\u2019ve done, if you\u2019re President Clinton and Vice President Algore. The dirty little secret is that most of the people who voted for this didn\u2019t want it. The president of the United States comes strutting out of there talking about his mandate.<\/p>\n
I really have a theory. Who was it that ran the first mile in under four minutes? Roger Bannister, right? Guy named Roger Bannister. Whoever it was, what was ever heard from him again? Nothing. In fact, so little was heard from him that most of you don\u2019t even know if I\u2019m right that it was Roger Bannister. But he\u2019s the guy who broke the record.<\/p>\n
He put everything he had into it, and he put maybe more than he had into it — and so he had nothing left. And I have a sense that that\u2019s what this thing\u2019s all about. This is really… This is the most unsubstantive… You talk about dirty wins in sports? Hey, look, this is not sour grapes. A win is a win. But in calculating the effect of this win on the victorious team in the future?<\/p>\n
This is really a victory for congressional leaders more than anything else. The traditional liberal Democrat leaders in the House of Representatives got their way again. That\u2019s who the victors are here, folks. Clinton walks out there and has to pretend this is his bill. It\u2019s nothing like his original bill. He lost the BTU tax and it was replaced by a gas tax. The tax increases on the rich are still his, so we can remain consistent there.<\/p>\n
The notion that prosperity was possible, the notion that improving oneself was possible? You don\u2019t get that from this bunch. You get from this bunch that if you\u2019re of the right kind of person, if you are this or that, then they\u2019ll let you do okay. You don\u2019t hear anything about the individual. You don\u2019t hear anything about the empowerment of people from this crowd.<\/p>\n
All you hear about is how the tax code\u2019s gonna be used to lift people out of poverty, or the tax code is gonna be used to get even with those who benefited unfairly. It is not the stuff that motivates people. It\u2019s not the stuff that makes them feel inspired. It\u2019s not the stuff that makes them feel enthused.<\/p>\n
![\"\"](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/2021\/03\/APP-20201-031821-CLASSIC-1993.jpg\")
And the eighties did, which is why they must be destroyed in people\u2019s minds by these new socialists who wish to control as many aspects of the human condition as they can. It\u2019s a tax on your dreams. The power to tax is the power to destroy, and this bill could be the beginning of the destruction of the American dream.<\/p>\n
KEN: Another lesson so many of us learn but the left just can\u2019t seem to grasp it.<\/p>\n","protected":false},"excerpt":{"rendered":"
KEN: Biden's about to increase taxes… Let's go back to 1993, to the last time taxes were raised this much.<\/p>\n","protected":false},"author":49,"featured_media":387589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\n