What Obama Did Not Say

On Monday morning President Obama unveiled his plan to lower the deficit. While the measures were not immediately objectionable in their own right, it is what Obama did not say that is most troubling. He did not talk facts, and he hardly used statistics, the most memorable fact being that Warren Buffett pays less taxes than his assistant. I hope Mr. Buffett rectifies the situation by making a large donation to the United States government.  He can do so at, http://www.fms.treas.gov/faq/moretopics_gifts.html. I will not hold my breath for Buffett's charitable gift, but I will expect the President to change his tactics. So please Mr. Obama give me the facts.

Please explain to me, the tax payer (your employer), why you feel that the rich are not paying their fair share. According to the 2011 tax bracket, wealthier Americans are clearly surrendering a higher percentage of their income to the national government http://www.bargaineering.com/articles/federal-income-irs-tax-brackets.html. Maybe it is because of the multiple loop holes present in our tax code. So, why not close those loop holes?

While President Obama's teleprompter came up with a rebuttal, I would give him some facts. Historically, tax cuts on the wealthy have actually resulted in more money being drawn from them through taxes http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm. A great example is the Reagan tax cuts which produced significantly more money from the upper echelon of wealth in our country. Different people will give you different reasons as to why. An undeniable reason is that by lowering their taxes, you eliminate the need for the wealthy to try and find loop holes in the tax code. If someone is smart enough to make a lot of money, then they are smart enough to figure out a way to save it. By lowering their taxes to a manageable and fair percentage, you eliminate the need to pay a lawyer to find those loop holes. 

Mr. Obama this is not partisan politics, this is fact. Please take heed of this example and give me facts!