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Showing posts from October 3, 2011

Tea Party tax rant a case of barking up wrong tree

Business Times - 04 Oct 2011


Tea Party tax rant a case of barking up wrong tree

Accusing Mr Obama of being a Marxist means putting Mr Buffett in the same boat

By LEON HADAR
WASHINGTON CORRESPONDENT

REPUBLICAN lawmakers and the party's presidential candidates are bashing President Barack Obama's proposal to increase the tax rate on America's millionaires as a form of 'class welfare'. Speaking to conservative radio host Michael Berry, Tea Party Representative Allen West, a Republican from Florida and a Tea-Party icon, insisted that by calling to raise the tax burden on the wealthy, Mr Obama was intentionally harming the US economy because he was a 'Marxist' and a 'socialist'.

And so apparently is Warren Buffett, the second-wealthiest person in America. After all, as Mr Obama explained, his proposal to make Americans such as Mr Buffett pay more of their income to the federal government was based on the advice he had received from that infamous Marxist, Warr…