• May 27, 2024

[Video] Supporters Cheer as Hillary Promises Hefty Middle Tax Increases

abuff1

Clinton was campaigning with Warren Buffett in Omaha, Nebraska on Wednesday and she promised the crowd that she would raise taxes on the middle class and the crowd went wild.  (Hired supporters are easier to please than real taxpayers)  She also made the ludicrous claim that Warren Buffett supports a fairer tax code for the ultra rich.

Buffett once said that he pays a lower tax rate than his secretary.  What he didn’t say is that his secretary owns three homes and that he used loopholes in the tax code to pay himself in capital gains rather than an income cutting his tax rate almost in half.  He also didn’t mention that he owed 1.05 billion in back taxes reaching back as far as 2002.  By 2012, the total he owed was 1.05 billion.  I did a search and couldn’t find where he resolved his taxes but perhaps he has.

https://youtu.be/7ua13_gYQn0

So far, not counting a middle class tax increase, Clinton has proposed tax increases of over 1 trillion dollars.

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