“Obama: ‘We Don’t Want to Tax All Businesses Out of Business,'” CNS News reports:
President Barack Obama says Democrats “don’t want to tax all businesses out of business.”
“I know that there are a few Republicans here in the audience,” Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. “If you talk to us, it turns out we’re pretty common-sense folks.
“We don’t think government can do everything,” he said. “We don’t think that top-down solutions are the right way to go. We believe in the free market. We believe in a light touch when it comes to regulations.”
“We don’t want to tax all businesses out of business,” Obama said. “But we do think that there’s a role to play for government.”
With the exception of there possibly being a few Republicans in the audience, nothing in the above passage is true. Obama’s first term, in which he nationalized two of the Big Three American car companies, created ObamaCare and used crony socialism to force “Green” businesses into existence with frequent disastrous results such as Solyndra are all examples of top-down solutions, corporatism, and distorting free markets.
And as far as not wanting to “tax all businesses out of business,” those who play ball with Obama, such as GE (whose networks helped paved the way for his administration, and whose CEO was appointed to the president’s Economic Recovery Advisory Board) find themselves rewarded with curious tax breaks.
But as as president, Obama “joked” about siccing the IRS on political enemies. and as a candidate, Obama had no problem admitting (to the apparent delight of a northern California newspaper) that there were certainly whole industries he wanted to tax out of existence: