President Barack Obama has no business naming part of his jobs plan after Warren Buffett, as the well-known billionaire “owes a billion dollars” in taxes to the federal government, Rush Limbaugh said Monday.
“Buffett is still arguing,” Limbaugh said Monday on his talk show. “He owes a billion dollars. So he’s in [a] dispute.”
The “Buffett rule” would raise the rate on taxpayers who earn $1 million or more annually. Limbaugh labeled the plan class warfare despite Obama’s statement Monday that “this is not class warfare, it’s math.”
The “Buffett rule” should be re-named the “buffet rule," Limbaugh said, because “everybody and anybody who makes more than $200,000 is on the menu.”
“I think we’re mispronouncing it,” he said
“I don’t know what we’re dealing with here,” Limbaugh said. “In terms of stability, this was bold, bald-faced lying to the American people. This, today, was just very troublesome —worrisome.
“He raised more straw men in one stump speech . . . than all the farmers in history have straw,” he said. “I had trouble keeping up with this.”
Limbaugh, arguing that the top 1 percent of taxpayers provide 40 percent of all income taxes, said the plan, the speech, and the administration embody class envy.
“This is exactly what the country needs — higher taxes, class warfare,” he said. “This thing doesn’t have a chance of passing.”
Limbaugh also said Obama is “losing his base.”
“He’s already lost the independents, and he’s in the process of losing the base,” he said. “This speech was an effort to get them back.”
© 2012 Newsmax. All rights reserved.