Boehner: We can take all of the money from the wealthy and guess what? We’d hardly make a dent in the annual deficit and do nothing about the (d

I think I'm going to throw up if I hear one more Republican/Tea Party apologist echo Paul Ryan's stupid quote.

$938 billion is what this country would reap if all the taxable income of "millionaires and billionaires" went towards the deficit reduction. Won't wipe it out in one year, but the experiment WOULD do the trick in a couple of years!

Read on and learn:
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Speaker Boner

Keeping an eye on the biggest boner of them all, Speaker of the House, John Boehner.

John Boehner’s Tax Gibberish

John Boehner appeared on the Today Show this morning, and his explanation of why he won’t agree to any revenue increase is a perfect encapsulation of the vacuity ofconservative movement thought on this subject.

Here’s the best part of the exchange:

LAUER: Why not use an increase in revenues? Tax hikes to help with that debt problem? What is the evidence that you can present that the tax cuts of the Bush era have actually accomplished their goals?

BOEHNER: Well, what you’re – what some are suggesting is that we take this money from people who would invest in our economy and create jobs and we give it to the government. The fact is you can’t tax the very people that we expect to invest in our economy and create jobs. Washington doesn’t have a revenue problem. Washington has a spending problem.

LAUER: But when you look at – you talk about creating jobs, when the Bush era tax cuts were passed in 2001, unemployment in this country was 4.5%. Today it’s at 9%, just down from 10%. So why are the Bush-era tax cuts creating jobs?

BOEHNER: They created about 8 million jobs over the first ten years that they were in existence. We’ve lost about 5 million of those jobs during this recession. But you can’t raise taxes. We can take all of the money from the wealthy and guess what? We’d hardly make a dent in the annual deficit and do nothing about the $14.3 trillion worth of debt.

Lauer begins with a good question. What is the evidence that the Bush tax cut accomplished its goal? Boehner refuses to present any. Indeed, answering this question would lead him into an inescapable minefield. The Bush tax cuts are currently in effect, so any benefits of continuing them must have been felt from 2001 until the present date. That would imply those effects are less than impressive. So instead, Boehner simply restates his position. We can’t take money away from job creators. Why not? You just can’t. “The fact is,” he continues, mistaking opinion for fact, “you can’t tax the very people that we expect to invest in our economy and create jobs.” You can’t tax them at all? Obviously we have to tax them some, right? So then the question is what is the optimal level. I believe recent history suggests that Clinton-era tax levels create no significant harmful incentive effect. Boehner can’t even come near this question, because he simply insists that tax the rich is wrong is an absolute sense.

Boehner proceeds from there to trot out the familiar “Washington doesn’t have a revenue problem. Washington has a spending problem.” line. Here’s the reality:

Quoting the article: "UTTERLY FALSE".

Read more at link:

[link to speakerboner.com]