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  Multi-Millionaire Rep. Says He Can’t Afford A Tax Hike Because He Only Has $400K A Year After Feeding Family
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Last EditedCOSDem  Sep 19, 2011 02:57pm
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CategoryIdiocy
News DateMonday, September 19, 2011 08:00:00 PM UTC0:0
DescriptionRep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy. Taking up the typical GOP talking point, Fleming said raising taxes on wealthy “job creators” is a terrible idea that kills jobs because many of these people are small business owners who pay taxes through personal income rates.
Fleming is himself a businesses owner, so Jansing asked, “If you have to pay more in taxes, you would get rid of some of those employees?” Fleming responded by saying that while his businesses made $6.3 million last year, after you “pay 500 employees, you pay rent, you pay equipment, and food,” his profits “a mere fraction of that” — “by the time I feed my family, I have maybe $400,000 left over.”
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