Befuddled Bob Schieffer: 'Why Do These Rich People Need Another Tax Cut? They're Already Rich'

Posted by highlysuspect on April 18, 2011 in politics |

“Why do these rich people need another tax cut?” Bob Schieffer demanded of his guest on Sunday morning’s Face the Nation, Republican Congressman Paul Ryan. Conveying his no-so-profound economic reasoning, Schieffer saw a pot of money to be absconded: “I mean, they’re already rich. They seem to be doing pretty well as it is now. Why cut their taxes some more?” After Ryan explained his proposal would maintain current tax revenue levels while eliminating deductions and loopholes used by the wealthy, a baffled Schiefier ruminated:

I guess the part that I don’t quite understand – and I take your proposal to be a serious one – but the part I don’t understand is if the country is going bankrupt, if the country needs to borrow 40 cents of every dollar that it spends, how do you help that by reducing the amount of taxes that the richest people in the country pay? It would be seem to me thats where you get revenue. How do you justify that?

In the next segment, with Senator Mark Warner, Schieffer also hit the Democrat from the left on hiking taxes, after describing him as a “conservative” from “a very conservative state,” even though Virginia voted for Obama: “Senator, you are a Democrat, you are a conservative Democrat from a very conservative state, Virginia. Do you think that we can solve the deficit problem without raising taxes in some way?”

From the Sunday, April 17 Face the Nation:

via Befuddled Bob Schieffer: ‘Why Do These Rich People Need Another Tax Cut? They’re Already Rich’.

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