President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
Dick MorrisPresident Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
Dick MorrisFom the out set, the War on Terror was sharply different from other U.S. military actions in the strong support it received from American women. Normally, men back military action by 10 to 20 points more than women do. But, after 9/11, women felt more endangered by terror and backed action against the Taliban and Osama bin Laden as strongly as men did.
Dick MorrisOnly dramatic cuts in the federal deficit, a rollback of regulations that cripple small and community banks, a cancellation of future tax increase plans, a big reduction in federal spending, repeal of Obamacare, freeing manufacturing from the prospect of carbon taxation and unleashing out domestic energy potential can solve our problems. But Obama is not about to undo his legacy of disaster for the American people.
Dick MorrisYou cannot cover the 50 million new people Obama seeks to cover without more doctors and nurses. But the administration and even the Blue Dogs in the House have proposed nothing to add to the supply of medical services even as they plan vastly to increase the demand by covering new people.
Dick Morris