Posts Tagged ‘13.9%’

(Hypocrite Alert): Why Is The Democrat Party Of FDR, JFK And John Kerry Attacking Mitt Romney Over His Wealth?

January 24, 2012

I have said it many times – and the reason I keep saying it is because it keeps proving true – that hypocrisy is the quintessential ingredient of a Democrat.  If you took all of the hypocrisy out of a Democrat, he or she would simply cease to exist.

Here’s an interesting headline:

Romney: Said he expected attacks on his wealth from Democrats. ‘.. will not apologize for being successful’

It brings back a flood of memories of the abject hypocrisy of Democrats.

Remember four years ago when Democrats attacked John McCain for not knowing how many houses he owned?  The mainstream media played that “gaffe” all over the airwaves to ensure you would think that John McCain was as out of touch as possible.

It didn’t matter that McCain didn’t actually own ANY houses (his wife owned them, with some of them being in a trust); it was just an opportunity for the media to dishonestly pile on top of a Republican and do what they do best – propaganda to demonize their ideological enemies.

Fast forward back four years prior to that, when John Kerry, the wealthiest man who ever ran for president, was campaigning.  How many damn houses did HE own?  Ooops.  Somehow the media never dredged that up.

The issue of personal wealth never came up with the mainstream media, in spite of the fact that John Kerry was worth $240 million – very nearly as much as Romney.  Ooops again.

Notice that John McCain is nowhere on the list of the ten wealthiest candidates for president.  John Edwards is.  Bill Clinton is.  Hillary Clinton is.  Al Gore is.  And John Kerry – the 2004 Democrat candidate for president – most assuredly is.  But the issue of their wealth and how they got it doesn’t matter; only Mitt Romney’s does.

The Democrat Party and their mainstream media allies are crawling all over Mitt Romney’s tax returns to demagogue his tax rate.  The figure 13.9% is raging; that’s the percentage the media claims Romney paid.  They intentionally omit the fact that if you remove Romney’s charitable donations, he’s actually paying a rate of 42%.

What rate did John Kerry pay at?  Oh, that doesn’t matter and never did because he’s a Democrat and therefore was immune to such inconvenient questions from the media propaganda?  I’m oh-so very sorry for asking. 

The fact that Obama gave less than 1% of his wealth to charity versus the fact that Romney gave 15% of his wealth to charity is also not on the mainstream media radar.  That’s not the kind of discussion the Democrat Party or their media allies want you to have around the water cooler or the coffee pot.

Two of the names that most Democrats would readily say were the greatest American presidents were filthy rich: John F. Kennedy and Franklin Delano Roosevelt.  But none of that matters.

Here’s what great Democrat President John F. Kennedy said about taxes:

“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

– John F. Kennedy, Nov. 20, 1962, president’s news conference


“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”

– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


 “Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.


“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

– John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill


 “I have asked the secretary of the treasury to report by April 1 on whether present tax laws may be stimulating in undue amounts the flow of American capital to the industrial countries abroad through special preferential treatment.”

– John F. Kennedy, Feb. 6, 1961, message to Congress on gold and the balalnce of payments deficit


“In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.”

– John F. Kennedy, April 20, 1961, message to Congress on taxation


“Our present tax system … exerts too heavy a drag on growth … It reduces the financial incentives for personal effort, investment, and risk-taking … The present tax load … distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities.”

– John F. Kennedy, Nov. 20, 1962, press conference


“The present tax codes … inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.”

– John F. Kennedy, Jan. 23, 1963, special message to Congress on tax reduction and reform


“In short, it is a paradoxical truth that … the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country’s own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

– John F. Kennedy, Nov. 20, 1962, news conference


“The largest single barrier to full employment of our manpower and resources and to a higher rate of economic growth is the unrealistically heavy drag of federal income taxes on private purchasing power, initiative and incentive.”

– John F. Kennedy, Jan. 24, 1963, special message to Congress on tax reduction and reform


“Expansion and modernization of the nation’s productive plant is essential to accelerate economic growth and to improve the international competitive position of American industry … An early stimulus to business investment will promote recovery and increase employment.”

– John F. Kennedy, Feb. 2, 1961, message on economic recovery


 “We must start now to provide additional stimulus to the modernization of American industrial plants … I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.”

– John F. Kennedy, Feb. 13, 1961, National Industrial Conference Board


 “A bill will be presented to the Congress for action next year. It will include an across-the-board, top-to-bottom cut in both corporate and personal income taxes. It will include long-needed tax reform that logic and equity demand … The billions of dollars this bill will place in the hands of the consumer and our businessmen will have both immediate and permanent benefits to our economy. Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy.”

– John F. Kennedy, Aug. 13, 1962, radio and television report on the state of the national economy


“This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes … Next year’s tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital … I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut.”

– John F. Kennedy, Nov. 20, 1962, news conference

But none of that matters to the media or to the modern Democrat Party – which embraced the communism that JFJK spent his presidency fighting – either.

Our mainstream media that gets to decide what stories get reported and fixated upon are the propaganda wing of the Democrat Party.  And they WILL NOT report fairly or add proper context to their stories to communicate the truth.

The beast is coming, and the mainstream media will ignore his personal wealth, too, as he rules over the human race as the man who will fulfill all of liberals and Democrats big government dreams.

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