Forget the boorishness. Just read the final transcript of Biden-Ryan transcript.
(Page 3 of 3)
Grover Norquist is President of Americans for Tax Reform, which sponsors a tax pledge that promises not to increase taxes on anyone, not just the wealthy. Moreover, CBO reports that in 2009, when Obama entered office, the top 1% earned 13% of the income, but paid 39% of all federal income taxes. When President Reagan entered office in 1981, the share paid by the top 1% was less than half as much at 17.6%. There is no question of the wealthy not contributing. America suffers the most progressive income tax system in the world.
The top 20% in 2009, earning over $74,000 a year in income, paid 94% of all federal income taxes on net, according to the CBO. The middle 20% earned 15% of before tax income, but paid just 2.7% of all federal income taxes on net. The bottom 40% of income earners as a group on net paid zero income taxes to support the federal government. They instead were paid cash by the IRS equal to 10% of federal individual income taxes.
Moreover, in 2009, again the year Obama entered office, the top 1% paid an average federal tax rate of 29%, the middle 20% paid an average federal tax rate of only 11.1%. the bottom 20% paid an average federal tax rate of 1%, again according to CBO. How is this not a level playing field for the middle class?
Finally, Biden falsely repeated the Obama fabrication that the Romney tax plan proposes to raise taxes on the middle class, when the plan actually proposes only numerous tax cuts for the middle class. Biden interrupted Ryan to argue that Romney’s tax plan was “not mathematically possible.” But Forbes columnist Roy correctly reported on October 12: “As Ryan correctly noted, six studies back up Romney’s math: Matt Jensen of AEI, Alex Brill separately of AEI, Stephen Entin and William McBride of the Tax Foundation, Chris Dubay of Heritage, Martin Feldstein of Harvard, and Harry Rosen of Princeton.” Indeed, Biden falsely cited the AEI study as supporting him.
Can you see why I say that Biden was disrespectful of the voters’ intelligence, disgraceful, and even dishonorable? Can you imagine Jack Kennedy behaving like Biden? Or Lloyd Bentsen? Even Bill Clinton was more honest. What Biden reflected is the decline of the Democrat Party, taken over by Marxist extremists. Check out some of these inner city Democrat office holders and what they are saying. George McGovern would be a right winger in this party.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?