Bill O'Reilly Threatens To Quit His Show If Obama Raises His Taxes
9/20/11
Bill O'Reilly threatened to quit his show if President Obama raised his taxes.
Speaking on his Monday show, O'Reilly delivered a stinging rebuttal to Obama's speech from earlier in the day. In that speech, Obama introduced his so-called "Buffett Rule" and said that the rich should pay more in taxes. This did not sit well with O'Reilly, who accused Obama of using misleading statistics and of endangering the business climate.
He used himself as an example, saying that he could not ensure his continued tenure on Fox News if his taxes were raised to 50 percent.
"My corporations employ scores of people," he said. "They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50 percent, which is very possible, I don't know how much longer I'm going to do this. I like my job, but there comes a point when taxation becomes oppressive. Is the country really entitled to half a person's income?"
Of course, if O'Reilly were to leave his show, he might cease to become someone with, in his words, "more power than anybody other than the president."
http://www.huffingtonpost.com/2011/09/20/bill-oreilly-threat-leave-show-taxes_n_972165.html
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First off, speaking of "using misleading statistics", O'Reilly needs to understand that even if the marginal tax rate was raised to 50% that this would NOT mean that he would be paying half his income in taxes, ONLY that amount of TAXABLE income (after deductions and credits) which EXCEEDED the marginal limit would be taxed at 50%. All the rest of it would be taxed exactly as it is now.
That being said, if nothing else, the idea that O'Reilly would actually live up to his promise, that alone would be reason enough for a sane person to support Obama's tax proposal.
OCU
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