"I've cut taxes for those who need it: middle-class, families, small businesses" - President Obama Tweet
"@Barackobama we also need to cut them for those listed on Forbes as 'millionaires' if they are not, you must consider that as well." -Lindsay Lohan Tweet
Beyond the fact the Lindsay Lohan did more harm to her Hollywood career with that single tweet than any drug addiction, impulse to shoplift or reputation for showing up late for filming ever could, she hit on an important point. The proposed tax hike on families earning more than $250,000 is destructive and unfair. It's unfair to label these households "rich" and to hint they somehow got all the breaks and are taking advantage of poor people. Yet, this is exactly what President Obama is doing and without a trace of contrition.
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Calling someone a millionaire that clearly isn't a millionaire is wrong on so many levels, but these days the speech has been altered to calling these households "billionaires" and in the heat of the moment -usually on a college campus where romanticism rules – you will hear these people described as "trillionaires." Small businesses that are producing jobs would be crushed by higher taxes. The fact is, most businesses aren't using tax breaks offered by the administration, which is fine with me, as I prefer they hire people than buy a new copy machine for accelerated tax write offs.
Liberals are having a field day with the Lohan tweet because shooting the messenger is easier than shooting fish in a barrel and the message gets taken down in the process. I think my
Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks.
He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI)
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