![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-tax-the-rich.jpg\"\/)
RUSH: Let\u2019s start to the phones in Wellington, Florida. Jim, you\u2019re first. It\u2019s great to have you here, sir. Hello.<\/p>\n
CALLER: Oh, it\u2019s an honor to be speaking with you, Rush.<\/p>\n
RUSH: Thank you very much, sir.<\/p>\n
CALLER: Mega dittos. I\u2019ve been listening for many years. First time I was able to get through. I was wondering if you happened to have caught Chris Matthews this morning on PSNBC — PMSNBC.<\/p>\n
RUSH: I haven\u2019t seen Chris Matthews on TV in probably six months.<\/p>\n
CALLER: Well, I think he is… I think he is coming apart at the seams. This morning, before Mr. — before The Anointed One took the podium in his press conference, Chris made the statement that businesses are holding onto trillions of dollars and will not reinvest in this economy because they don\u2019t want to make Obama look good. That was the statement that he made on the air, and I almost fell off my chair.<\/p>\n
CALLER: I do. It\u2019s the fact that businesses are hanging onto money, and the reason that they are hanging onto their money is because they don\u2019t know what\u2019s around the corner.<\/p>\n
RUSH: Well —<\/p>\n
CALLER: The overregulation. The Obamacare.<\/p>\n
RUSH: There are two things. Two things. A lot of international businesses with headquarters in the US make a lot of money in other countries, and they\u2019re leaving it there. There are trillions of dollars. The word is “repatriated.” Everybody would love for the corporations to bring that money back home. The reason they\u2019re not is that the tax rate on it is 35%. It makes no business sense. Their shareholders would be fit to be tied.<\/p>\n
Now, you don\u2019t give money away. And bringing it back at the 35% tax rate, that\u2019s the primary reason that trillions of dollars are remaining offshore. Now, there\u2019s also… And I don\u2019t know which of these two he\u2019s referring to. He might have been referring to both of them. There are small businesses and corporations who are holding onto piles of cash for exactly the reason you say. They don\u2019t know what the future holds, but they\u2019re pretty sure it\u2019s not good.<\/p>\n
They hear Obama saying taxes are going up; they know what\u2019s coming with Obamacare. But to say that these people are doing this to thwart Obama? Let\u2019s say they were. Let\u2019s say they were. So? Everybody\u2019s entitled to campaign and to secure outcomes in any way they wish. They are not sabotaging the economy. Obama is sabotaging the economy. They are trying to protect themselves. They are trying to stay viable.<\/p>\n
CALLER: It\u2019s true.<\/p>\n
RUSH: Now, Matthews… And he really has gone way, way over the deep end. To him, a giant conspiracy of all these businesspeople exists. “That\u2019s right! They want the economy to fail.” In fact, Romney had it right, Jim. It\u2019s Obama who basically started ignoring the economy to get health care done. It\u2019s Obama who hasn\u2019t paid enough attention. The attention he has paid has been destructive. It\u2019s Obama who\u2019s doing damage to the US private sector. It\u2019s Obama and his policies doing all this.<\/p>\n
Everybody that Matthews is talking about that you heard him refer to, they\u2019re simply in a defensive, protective posture right now. They are under assault. We all are. Anybody with money, regardless how they have it, is under assault from the Democrat Party and Obama. It\u2019s only smart to hold onto it \u2019til you know what\u2019s gonna happen, or have some reasonable expectation that the business climate is gonna improve.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Let\u2019s start to the phones in Wellington, Florida. Jim, you\u2019re first. It\u2019s great to have you here, sir. Hello. CALLER: Oh, it\u2019s an honor to be speaking with you, Rush. RUSH: Thank you very much, sir. CALLER: Mega dittos. I\u2019ve been listening for many years. First time I was able to get through. I […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n