{"id":36966,"date":"2010-11-30T01:01:01","date_gmt":"2011-05-19T00:15:39","guid":{"rendered":""},"modified":"2011-05-19T00:15:39","modified_gmt":"2011-05-19T00:15:39","slug":"tax_rates_deficit_commission","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/11\/30\/tax_rates_deficit_commission\/","title":{"rendered":"Tax Rates &#038; Deficit Commission"},"content":{"rendered":"<section>\n<p>RUSH: All right, Alan Simpson Babe and Irksome Bowles are soon to be chairing the official press conference announcing the actual aspects of their proposal. There\u2019s also big news today about the Obama meeting with the Republicans on tax cuts. I just want to ask you a question. When was the last time that Obama called for a meeting with Republicans, &#8216;We gotta talk this out amongst ourselves, we gotta come to some common ground,\u2019 do you remember when it was? That would be the health care summit in which Eric Cantor and a number of other Republicans were up there with Obama, the Democrats, and he listened and rejected all of it. And every time Eric Cantor or Mike Pence or anybody made a brilliant point about something, Paul Ryan, Obama stared at them, angrier than he\u2019s ever gotten at Julian Assange, the WikiLeaks sissy who released all the data. So there\u2019s nothing that\u2019s gonna come of this. We all know what Obama wants. Obama does not want any extension of these tax cuts. <\/p>\n<p>By the way, rich has been dropped. It\u2019s now millionaires and billionaires. That\u2019s the terminology. During the health care summit I was alone. I told the Republicans, &#8216;Don\u2019t even go. Don\u2019t even waste your time showing up. All you\u2019re going to do is add weight to Obama and allow him to say at the end of this whole thing that he is all for bipartisanship, that the people got together and so forth.\u2019 The health care summit ended with Obama saying that\u2019s what elections are for, I won; you lost. I\u2019m gonna listen to what you say here, but I\u2019m not gonna really hear it. It\u2019s gonna be the same thing here on taxes. These clowns know they lost the election, but they\u2019re trying to turn it around and have the opposite impression created. Thomas Sowell has a column on that today, which I\u2019ll get to here in short order. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p><a href=\"http:\/\/www.nationalreview.com\/articles\/254086\/can-republicans-talk-thomas-sowell\"><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.89380.ImageFile.jpg\" width=\"300\" height=\"225\" class=\"alignright\"\/><\/a>RUSH: Thomas Sowell: &#8216;Can Republicans Talk?\u2019 He\u2019s worried that we might lose this tax extension debate because there aren\u2019t any Republicans who can articulate properly here to persuade people what this is all about. It\u2019s the argument about tax cuts raising revenue. And what Sowell wants is some Republican to say, &#8216;Look, tax cuts for the rich, tax cuts for millionaires and billionaires raises money,\u2019 which it does. Tax cuts for millionaires and billionaires and the rich raises money and will create jobs. He wants a Republican in Washington, in this debate, to say that. Now, admittedly, there are gonna be some Republicans gun-shy about defending the rich and defending the super rich. I, of course, do not have that problem. But then, the question is, does what happen on this show, will it influence the outcome of what happens in this debate in Congress and Washington? It might, but that\u2019s something we can\u2019t count on. <\/p>\n<p>So ten words or less, how to articulate what really is going on. And we\u2019ve done this for 23 years. For example, we\u2019ve made the point this is not even about tax cuts. Nobody\u2019s taxes are gonna be cut here if the current tax rates are extended. There are no tax cuts being discussed. The Democrats in the media want you to think that what\u2019s on the table is tax cuts for millionaires and billionaires. Nobody\u2019s taxes will be cut, regardless what happens here. Nobody\u2019s even suggesting tax cuts. Sowell is worried that Republicans don\u2019t even have the ability to articulate that. Here, let me give you a couple of excerpts from his piece, at the end of it. <\/p>\n<p>He goes through and lists the facts as I have just done here. And he says: &#8216;Most important of all, these tax-rate reductions spurred economic activity, which we definitely need today. These are the facts. But facts do not &#8216;speak for themselves.\u2019 In terms of facts, the Republicans have the stronger case. But that doesn\u2019t matter, unless they make the case, which they show little sign of doing. Democrats already understand the need for articulation. Robert Reich is only one of many articulate Democratic spokesmen. But where are the articulate Republicans? Do they even understand how crucial articulation is? The outcome of this lame-duck session of Congress may answer that question.\u2019<\/p>\n<p>Now, so far, not one Republican is off the reservation on this. The Democrats wanted tax increases during all this, and no Republican\u2019s gone along with that. I would also add that if a Republican does come along and properly articulate this, will we ever hear about it? There is that component here. Will the Drive-Bys ever report it? The Drive-Bys are totally interested in disinformation and presenting the conventional wisdom or the cliche on this, that this is all about tax cuts, additional tax cuts for the rich, which during an economy like ours is only gonna benefit the rich, instead of saying millionaires and billionaires are also known as the people who save and create jobs. It\u2019s not hard to say, but there is some fear. Look, decades of pounding by the media, we know this is what happens to Washington Republicans, we know this is what happens. They get pounded and pounded and pounded, lied about, misrepresented, false associations are made, and they become queasy about speaking up. And Sowell\u2019s frustration is, for God\u2019s sake, who just won the election, who just won a huge landslide? Why are they afraid to show up and speak up? And I understand, everybody has that frustration. I have it less than others because I have the ability to speak up. You know, I have this &#8212; the Golden EIB Microphone &#8212; and I get to satisfy my frustrations. <\/p>\n<p>But people who don\u2019t have a microphone are looking for others who do to speak for them, and in elected politics, that\u2019s elected officeholders like Republicans, and if they don\u2019t speak up on this, and people want whatever will bring this economy around. People want whatever will create jobs. People are not interested here in what\u2019s gonna best benefit Democrats or best benefit Republicans. They want an economy rebounding. Republicans have the people who understand this. Paul Ryan understands it. Eric Cantor understands it. In fact, we\u2019ve got some sound bites. Matt Lauer grilled Eric Cantor on this on the Today Show today. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p><BR\/><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.4584.ImageFile.jpg\" width=\"350\" height=\"251\" class=\"alignright\"\/>RUSH: All right, Today Show today, Matt Lauer talking to Eric Cantor during all the discussion about extending the Bush tax cuts. Lauer said, &#8216;So no compromise there at all? I mean, could you not see possibly raising taxes just a little bit on the people who make $250,000 a year? I mean, what is all this about?\u2019<\/line><BR\/> <\/line><BR\/>CANTOR: I think that what we heard on November 2nd from the people of this country is, number one, they want to see Washington start producing results. And so I\u2019m hoping this meeting at the White House is going to be in that direction and different from those in the past, that we can actually set aside some of the ideological extremes and come together where most Americans are. We want to make sure that we\u2019re doing everything to get people back to work right now, and that means we\u2019ve gotta ensure that taxes don\u2019t go up on anybody, especially on the small businesses that we\u2019re expecting to create jobs so we can finally bring the unemployment down.<\/line><BR\/> <\/line><BR\/>RUSH: All right, so they\u2019re putting in a lot of hope here, they\u2019re invested in the meeting with Obama, hoping that it will be different from all previous meetings. And it won\u2019t be. We know who Obama is. This meeting is being called so Obama can try to get a good result for himself politically. This meeting is not about saving the economy, it\u2019s not about creating jobs, and it certainly is not &#8212; Obama doesn\u2019t want to extend these tax rates. He doesn\u2019t want to do that. He\u2019s not gonna give the Republicans a chance to persuade him. This is all for show. This is all to make it look like he heard and noticed the election results, but he\u2019s not gonna change on any of this. At the end of the day if the Republicans don\u2019t understand this, it\u2019s just a total waste of time, it\u2019s gonna have no impact on how this ends up.<\/line><\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Matt Lauer berating, tempting, trying to screw up Eric Cantor here and of course the notion is compromise. Yes, since the Republicans won big somehow that logically translates into the fact that they, the big winners, need to somehow compromise with the vanquished. So Lauer\u2019s question, &#8216;What you\u2019re telling me, Congressman Cantor, is no compromise whatsoever on the Bush-era tax cuts?\u2019<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.39917.ImageFile.jpg\" width=\"300\" height=\"300\" class=\"alignright\"\/>CANTOR: Listen, Matt, one of two things is gonna happen in January: Either taxes go up or they stay the same. Nobody\u2019s getting a tax cut here, so there\u2019s no compromise or not on that particular issue. We\u2019re just saying that we don\u2019t think tax rates should go up &#8212;<\/p>\n<p>LAUER: Right.<\/p>\n<p>CANTOR: &#8212; when we\u2019re suffering in such an economy.<\/p>\n<p>RUSH: All right, so Lauer\u2019s in there going, right, right, right. We put together a montage of Lauer\u2019s questions to Eric Cantor. Here they are.<\/p>\n<p>LAUER: Are you walking into that room today in the mood for compromise or confrontation? So no compromise there at all? I mean could you not see possibly raising taxes just a little bit on the people who make $250,000 a year or perhaps raise taxes a little bit on people who make over a million dollars a year? So what you\u2019re telling me is no compromise whatsoever on the Bush-era tax cuts? Let me try this again with you, Congressman. Are you willing to perhaps raise the Social Security retirement age? Are you willing to make cuts in Medicare? Are you willing to make cuts in defense spending? Are any of those issues on the table?<\/p>\n<p>RUSH: Matt, we\u2019re gonna cut everything 10% across the board, everything, a genuine 10% cut across the board. Hey, Matt, you know, Michelle (My Belle) the first lady is trying to get everybody to stop eating. She wants people to stop eating much more than 10% of what they eat. If you\u2019re gonna lose weight, what do you do, Matt? You gotta stop eating. Some people have to eat far less than 10%, have to cut more than 10% out of their daily diet and they live and they survive and they get healthier, don\u2019t they, Matt? What is this notion where are we gonna cut? We can cut everywhere. That\u2019s the bottom line. You know, this tax meeting today with Obama, it\u2019s all for show just like this federal pay freeze is all for show. Obama\u2019s pay freeze does not stop the in-grade seniority pay increases. We told you yesterday there are, what, 18 pay levels in the federal government, GS-1, GS-18. I think it might be 15. I don\u2019t care what it is. But within every level there are steps. You can have somebody at GS-9 step nine making much more than somebody GS-18 step one. So the freeze is nobody\u2019s gonna go from GS-5 to GS-6 or GS-5 GS-7, but there\u2019s no stopping them from going GS-5 step one to step seven. And you can still hire more people here. <\/p>\n<p>There\u2019s no pay freeze. What\u2019s been done here is permanent hires at exorbitant federal salaries have now been locked in under the guise, under the trick of a pay freeze. There is no pay freeze. There are no tax cuts being debated here with Obama. Obama\u2019s not gonna change his mind on anything here. There\u2019s no, what is it, insanity, doing the same thing over and over again and expecting a different result. Now, on this pay freeze business, Congress would have to pass such a freeze before January 1st, which means the current Democrat-controlled Congress, which means it will never be passed anyway, which means this is all for show, this is just an announcement. And even if it does happen, we\u2019re talking $28 billion saved over 25 or 30 years. I mean it\u2019s ridiculous. It\u2019s an insult to anybody with anything larger than a pencil eraser for a brain, and it\u2019s the same thing with this tax cut business. <\/p>\n<p>I understand Tom Sowell\u2019s frustration. This meeting ought not even be happening. The Republicans won big. It was a giant shellacking. The Democrats ought to be quaking in fear. And rather than sit here and talk about, oh, well, we\u2019re gonna compromise, not compromise, you know, stick to the essential facts of this. And Sowell says we own the facts, but nobody\u2019s gonna know \u2019em unless we say \u2019em and the facts are that reducing &#8212; look, we had the cigarette tax story yesterday. Look what\u2019s happened there, which is totally predictable. They have raised taxes on cigarettes in New York to the point there\u2019s now a black market. They\u2019ve raised taxes, and the whole point of the New York Post story was to chronicle how much revenue the state\u2019s not collecting. They have raised taxes beyond that point where people are willing to pay, they\u2019re willing to create crimes now, i.e., buy black market cigarettes. They\u2019re willing to run a risk in order to not pay these exorbitant prices, which are now totally owing to these tax increases. If they wanted to really raise revenue off of cigarettes and tobacco they\u2019d cut taxes, and they would collect more revenue, by the way. They\u2019d sell more cigarettes, they\u2019d cut more revenue. <\/p>\n<p>But, of course, that won\u2019t work because we gotta create this notion here that we think tobacco\u2019s a killer, we want people to stop smoking, but the last thing that any government wants is for people to stop smoking. The last thing they want. And they know people just can\u2019t. They know we\u2019re dealing here with an addiction, and nicotine is the most addictive drug on earth. It\u2019s not a criminal addiction. But it\u2019s still the most addictive substance on earth. Nobody has a pleasant first experience with it, and yet they can\u2019t stop using it. The first time somebody takes a marijuana toke, hit, I guess they like it, some people get sick to their stomach but they\u2019re still back at it, but most people get some sort of mellow high, whatever it is. Cocaine, heroin, all that stuff, a big, big high, but nicotine, the first time you use that you get a coughing spasm, you think you\u2019re gonna die, some people throw up, and they can\u2019t wait to light the next cigarette. That\u2019s how addictive the stuff is.<\/p>\n<p>So these people know nobody\u2019s gonna quit smoking, and the objective here is not to get \u2019em to quit smoking. That\u2019s the public pronouncement because these phony baloney, plastic banana, good-time rock &#8216;n\u2019 roller government people want to make you think they care about your health and they care about your welfare. They don\u2019t give a rat\u2019s rear end about any of that. This is all about power for themselves, because if they really cared about raising revenue they\u2019d lower taxes, the same thing here on the Bush era tax rates. If raising revenue here to reduce the deficit were really what this were all about they would be advocating cutting taxes particularly on the people that create jobs, the rich. But it\u2019s not even about raising revenue; it\u2019s not even about closing the deficit or lowering it or any of that. It\u2019s not about that at all. It\u2019s about class envy. It\u2019s about class warfare politics, about getting votes, about pitting one group of Americans against another which is what liberalism does. So it\u2019s a waste of time to go talk to Obama about this, as it was a waste of time to go talk to Obama about health care. <\/p>\n<p>You could beat him upside the head with nothing but pure logic and total sense, it still isn\u2019t gonna matter. It\u2019s not gonna penetrate, total waste of time. And people are frustrated with this. Just use the power you\u2019ve got, right now the Democrats still run the show here. This is a lame duck and it\u2019s their majority. But they lost. There is an opportunity there. And people, Sowell, for one, are frustrated that that opportunity is not being used to people\u2019s advantage.<\/p>\n<p>Hillsborough, New Hampshire. Jeff, you\u2019re first. It\u2019s great to have you on the EIB Network. Hello.<\/p>\n<p>CALLER: Hello, Rush, dittos. Dittos from New Hampshire.<\/p>\n<p>RUSH: Thank you very much, sir. Live free or die.<\/p>\n<p>CALLER: Yeah. Yeah. What an honor. You\u2019ve already eloquently made this point, of course, but the people making $250,000, 500,000, a million dollars a year, are spending that money here in this country, and people naturally want the best that they can have and spend their money on those things. They\u2019re not shipping their money offshore, if you get my point.<\/p>\n<p>RUSH: Well, the point is you\u2019re saying people always spend more than they earn?<\/p>\n<p>CALLER: Yes, and &#8212;<\/p>\n<p>RUSH: And therefore your point is that at $250,000, people do not have a stack of money they\u2019re not using that they could painlessly pay increased taxes with?<\/p>\n<p>CALLER: They\u2019ve got two kids in college, they bought the most expensive house that they can afford, and, yes, and I\u2019m one of those people, I will from time to time spend &#8212; of course there\u2019s a lot of us out there that spend more than we make.<\/p>\n<p>RUSH: Well, of course, people who are young and on the climb always buy a car more expensive than they can afford \u2019cause they know they\u2019re gonna be able to down the road.<\/p>\n<p>CALLER: Yes.<\/p>\n<p>RUSH: Everybody does this. It\u2019s called debt.<\/p>\n<p>CALLER: Yes.<\/p>\n<p>RUSH: Your point is right, no matter &#8212; 250 grand, people are not sitting around with a pile of money they\u2019re not using, &#8216;Oh, you want it for tax, fine, take it.\u2019 It doesn\u2019t exist. You\u2019re basically saying that human nature is people live beyond their means?<\/p>\n<p>CALLER: Absolutely. I\u2019m one of them.<\/p>\n<p>RUSH: You\u2019re right, you\u2019re right. Most people do.<\/p>\n<p>CALLER: Wow. Yep. So thank you.<\/p>\n<p>RUSH: You bet. I\u2019m glad you called out there. Thanks much. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: All right, here\u2019s a shock. Obama is saying he didn\u2019t reach any agreements in the White House meeting today on tax rate cuts. Who could believe that? They didn\u2019t reach any agreement whatsoever. I am literally stunned beyond belief.<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Jim in Lodi, California. Nice to have you, sir, on the EIB Network.<\/p>\n<p>CALLER: Hi, Rush. Thanks for taking my call.<\/p>\n<p>RUSH: Yes, sir.<\/p>\n<p>CALLER: It\u2019s an honor to speak with you. Hey, yesterday you mentioned a question, you asked and put people on the spot just with the question, and I think a question that the Democrats ought to be asked by the Republicans is if they think that politicians and bureaucrats in Washington, DC, can better utilize wealth than the people who earned it.<\/p>\n<p>RUSH: Well, the Democrats think yes. Clinton has said so. Bill Clinton said so in Buffalo. No, the Democrats do think that and they would have no problem saying so.<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/gp\/product\/0465002609?ie=UTF8&amp;tag=theoffiwebs0d-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0465002609\"><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125106.Par.57694.ImageFile.jpg\" width=\"240\" height=\"210\" class=\"alignright\"\/><\/a>CALLER: Well, you know, in Thomas Sowell\u2019s book Basic Economics &#8212;<\/p>\n<p>RUSH: Yeah.<\/p>\n<p>CALLER: &#8212; he mentioned that politicians, when they have other people\u2019s money they make political decisions with it.<\/p>\n<p>RUSH: Right.<\/p>\n<p>CALLER: People with their own money make economic decisions. So it stands to reason that you\u2019re gonna better utilize wealth far better by letting individuals use it. I kind of look at it this way. When they had the stimulus package, $800 billion, and how many auditors did they have on that, 10,000, 20,000 auditors? If you just had a tax cut &#8212; I mean a moratorium on income taxes for six months or however long it would take to make $800 billion, you\u2019d have 120 million people with, you know, say an average of $5,000 more for that period of time.<\/p>\n<p>RUSH: Yeah, but see &#8212;<\/p>\n<p>CALLER: That\u2019s 120 million auditors on that money.<\/p>\n<p>RUSH: Yeah, but &#8212;<\/p>\n<p>CALLER: And there\u2019s four things you can do with money: spend it, save it, invest it, or give it away. And I say people can do that far superior. Make the Democrats say, &#8216;Yeah, we know how to handle this money better than you do.\u2019<\/p>\n<p>RUSH: They do.<\/p>\n<p>CALLER: Make \u2019em say that.<\/p>\n<p>RUSH: They will. The president of the United States said it, Bill Clinton. Obama has said it. They would have no qualm. You\u2019re not gonna be putting them on the spot with that question. They would love the question. They\u2019d love to be able to answer it and they\u2019ll give you examples. They\u2019ll say, &#8216;Look at the roads we built. Do you think you\u2019d have built your own highway system? Look at this that we built. You think you woulda built that? No, you woulda squandered it on a big screen TV. &#8216; No, they\u2019d be waiting for that question. They\u2019d love it. That\u2019s how they answer this stuff. They\u2019re demagogues. As to the stimulus, I understand the point that you\u2019re making, the stimulus was not to reduce poverty. It was not to create jobs. It was not to reduce debt. It was a slush fund. There was no economic purpose to the stimulus money. It was pure politics, as you have read Dr. Sowell say in his book. <\/p>\n<p>There was not one economic purpose for the stimulus money. Now, they won\u2019t admit that. &#8216;No, Mr. Limbaugh is dead wrong about this. Of course we were trying to create and save jobs,\u2019 and you\u2019re gonna hear the numbers we did save. We saved or created three million jobs. If we hadn\u2019t done this, it would be even worse than it is. But liberals are liberals, Democrats are Democrats, and they lie. And once you learn that, once you can accept that, once you can on every occasion listen to a Democrat politician speak and say, &#8216;That\u2019s a lie,\u2019 then you are way over the hump in terms of understanding what\u2019s going on and then how to deal with it. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: All right, Alan Simpson Babe and Irksome Bowles are soon to be chairing the official press conference announcing the actual aspects of their proposal. There\u2019s also big news today about the Obama meeting with the Republicans on tax cuts. I just want to ask you a question. When was the last time that Obama [&hellip;]<\/p>\n","protected":false},"author":25,"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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Rates &amp; Deficit Commission - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/11\/30\/tax_rates_deficit_commission\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Tax Rates &amp; Deficit Commission - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: All right, Alan Simpson Babe and Irksome Bowles are soon to be chairing the official press conference announcing the actual aspects of their proposal. There\u2019s also big news today about the Obama meeting with the Republicans on tax cuts. I just want to ask you a question. 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