Even A Broken Clock is Right Twice a Day -- Joe Biden Admits Middle Class "Has Been Buried in the Last Four Years"
PHOENIX – At a campaign event yesterday in Charlotte, North Carolina, Vice President Joe Biden angrily asked "How can they justify raising taxes on the middle class that has been buried in the last four years?"
Republican Vice President candidate Paul Ryan responded quickly: "We agree."
"President Obama's running mate has stated the obvious, but here in Arizona we wonder why Obama's hand-picked candidate Richard Carmona still insists on raising taxes,” said Arizona Republican Party spokesman Tim Sifert. "It's wrongheaded for Democrats like Richard Carmona to insist on further taxing the middle class, nor should anyone in this state be supporting the Obama-Carmona tax plan that will kill 13,000 jobs in Arizona.”
Biden: Middle Class "Buried"
Vice President Biden Said The"Middle Class ... Has Been Buried In The Last Four Years.” BIDEN:"This is deadly earnest. How they can justify, how they can justify, raising taxes on the middle class that has been buried in the last four years.” (Vice President Joe Biden, Remarks, Charlotte, NC, 10/2/12)
Buried Under More And More Debt: Since President Obama took office, the national debt has surpassed $16 trillion – an increase of $5.4 trillion. (U.S. Treasury Department, Accessed 10/2/12)
Buried Under Falling Incomes:"Median household incomes have fallen 8.2 percent since President Obama took office and continue to drop despite the official end of the recession, a new study shows. Data compiled by Sentier Research found that since the economic recovery technically began in June 2009, median household income has dropped 5.7 percent.” (“Household Income Down 8.2 Percent Since Obama Took Office, Study Shows,” Fox News, 9/26/12)
Buried Under High Unemployment: More than 23 million Americans are unemployed, underemployed, or have stopped looking for work. (Bureau Of Labor Statistics, www.bls.gov, 10/2/12)
Buried Under Rising Gas Prices: Under President Obama, gas prices have more than doubled from $1.85 per gallon to $3.80 per gallon. (U.S. Energy Information Agency, 10/2/12)
Paul Ryan: "We Agree"
"We agree," Ryan said, referencing remarks that the vice president made earlier the day in North Carolina. "That means we need to stop digging by electing Mitt Romney the next president of the United States." (Jennifer Epstein, "Ryan: 'We agree' with Biden that middle class is being 'buried'", Politico, 10/2/12)
Four More Years of President Obama Means: More Debt, More Taxes
AEI Has Calculated That The Annual Cost Of President Obama’s Current And Looming Debt Burden Amounts To $4,000 Per Year In Higher Taxes On The Middle Class."In a new paper, AEI’s Matt Jensen looks at the real annual cost of servicing the debt for households at various levels of income — including a potentially higher tax burden. As the table below illustrates, a household making between $100,000 and $200,000 a year could find its tax liability higher by roughly $2,400 every year. Over ten years, that works out to $24,000. And when you add in the debt already accrued the past four years under President Obama (the second table), that’s another $1,600 a year. So now we are now talking about $4,000 a year, $40,000 over ten years.” (James Pethokoukis,"Study: Obama’s Big Budget Deficits Could Mean A $4,000 A Year Middle-Class Tax Hike,” American Enterprise Institute, 10/2/12)
Richard Carmona Opposes A Full Extension Of The 2001 And 2003 Tax Cuts
RICHARD CARMONA: "I would be willing to enter into discussion to say, people making over $250 or $300 or $500 [thousand] could pay, and you know, I’m a high wage-earner, and if I had to do that to help out for the next year, OK, I’ll do that.” (Alex Jaffe, Senate Candidate Carmona Has Dems Seeing Blue In Red-State Arizona, The Hill, 9/24/12)
Which Could Kill 13,000 Jobs In Arizona
Obama-Carmona Plan To Raise Taxes Would Cost Arizona 13,000 Jobs. (Drs. Robert Carroll and Gerald Prante,"Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP , 7/12)
Obama-Carmona Plan To Raise Taxes Would Cost Arizona $3.5 Billion In Lost Economic Output. (Drs. Robert Carroll and Gerald Prante,"Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP , 7/12)
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