The question I keep asking…
Congressman “only has $400K” after taxes to feed his family
Rep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy.
Fleming, a business owner himself, said that while his businesses made $6.3 million last year, after you “pay 500 employees, you pay rent, you pay equipment, and food,” his profits “a mere fraction of that” — “by the time I feed my family, I have maybe $400,000 left over.”
Jansing pointed out that whining about tax increases while making $400,000 annually is “not exactly a sympathetic position.” Fleming could only respond by saying that “class warfare has never created a job” and that his success is a “virtue.”
And how hard does the congressman work to make the equivalent of eight median household incomes? Fleming told the Wall Street Journal that “he spends very little time on day-to-day management, though he weighs in on broad strategy decisions.” “I monitor the reports. I’m certainly in communication with the managers,” he told the paper.
Watch GOP congressman answer the question “After Bush Tax Cuts – where are the job?”
Or rather – he DOESN’T answer the question.
I’ve been asking this question for a long time. IF the Bush Tax cuts create jobs, and we’ve had the Bush Tax cuts for over 9 years… where are the jobs?
History actually shows that job creation does not track with lower taxes.
As a matter of fact, while Rick Perry is traveling around touting Texas’ low taxes (no state tax) his state actually has 8.4% unemployment (July 2011), ranking 27th. If Perry is such a genius and creating so many jobs, why is unemployment that high?
Ironically, the state with the LOWEST unemployment in the country is North Dakota with 3.3% unemployment. And North Dakota has a state income tax.
As a matter of fact, of the 10 states with the lowest unemployment rates for July 2011 – 8 have state income taxes. (South Dakota and Wyoming do not).
Do the math kids…