Lou Dobbs on Obama’s Proposed Tax Hike for Those Making Over $250K a Year: ‘Obama Has a Very Sorry Understanding of What Wealth Is in the US’
Back in 2009, President Obama warned Americans against tax hikes in a weak economy, saying, “It would put businesses in a further hole. “ Then today, Obama called for a major tax hike for those making more than $250K a year. This is a move that even Democrats are worried could punish small business owners who create a lot of America’s jobs.
Lou Dobbs weighed in on Obama’s latest news on today’s America Live, saying, “For this president to even stand up here, by himself, and say he’s going to raise taxes, first of all ignores the fact that this is a Republican led Congress
that is adamantly against raising taxes to their credit and secondly, it ignores the fact that his own party is not participating in this call for taxes.”
He added, “This is a desperate president that finds himself locked up in a, basically, dead heat in battleground states all over the country … he doesn’t know what to do.”
Dobbs said that if President Obama defines rich as $250K in this country, then he has a ‘very sorry understanding of what wealth is in this country.’ He doesn’t think Obama will stand on this issue because he foresees the Democrats and Republicans resisting him.