Tonight on The O’Reilly Factor, guest host Laura Ingraham took on David Callahan, a senior fellow at the progressive organization Demos, in a debate over increasing taxes. Despite being almost $17 trillion dollars in debt, Democratic Congressman Keith Ellison recently said, “We’re not broke. There’s plenty of money. It’s just the government doesn’t have it. […] The government and the people of the United States have a right to run the programs of the United States – health, welfare, housing.” He added, “And the people who benefit from being here have a duty and obligation to help support it.” Callahan argued that there needs to be a balance between spending cuts and a tax increase. “We have a big budget deficit. The way to do deal with it is not just cuts. You need higher taxes.” Ingraham asked if the government has a right to “go back to the same well of the same people who are carrying the lion’s share of the burden for the rest of the country and dip in again. How far should we go?” To be clear, Callahan said it’s not just the rich – he thinks we should raise taxes on the middle and upper middle classes as well. “Now that’s a popular idea,” Ingraham sarcastically remarked. Callahan continued his argument, stating that under President Clinton, taxes were higher on the middle and upper middle classes and there was a budget surplus by the end of his presidency. “I just want to understand this,” Ingraham interjected, “We’re going to have job growth when we increase taxes on the middle class and on the upper income earners who are already paying the overwhelming share of the tax burden in this country?” She called out “liberal ol’ Tim Geithner” and President Obama who think that a transactional tax will be “terrible for the investor class.” When Callahan cited “experts” who support the transactional tax, Ingraham shot back, “When I hear the experts, David, I think of the same people who didn’t know about the housing bubble, the Internet bubble, who didn’t tell us that 9/11 was going to happen. I think a lot of these experts are wrong.”
Posted on: Tue, 06 Aug 2013 19:45:30 +0000
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