Lectures Others, But Failed To Pay $300K In Taxes On Private Plane
With President Obama continuing his swing-state tour to try and sell Americans on his proposal for hundreds of billions of dollars in new “stimulus” spending and massive $1.5 trillion tax hikes – which would adversely affect small businesses owners and kill jobs in Missouri – a large and growing list of U.S. Sen. Claire McCaskill’s fellow Washington Democrats are reluctant to get on board. For instance…
Sen. Jim Webb (D-VA), called the Obama approach “terrible,” while Sen. Ben Nelson (D-NE) called Obama’s proposed tax-and-spend “not helpful at the moment,” and Sen. Jon Tester (D-MT) said “[t]his plan isn’t the one I would have written, nor is it the one that will end up passing Congress,” before confirming through an aide that he opposes the scheme.
But, ironically – even after failing to pay more than $300,000 in taxes on her private aircraft – McCaskill decided today that she was fit to lecture her fellow millionaires to pay their “fair share” as part of Obama’s $1.5 trillion in job-killing tax hikes.
In doing so, Senator McCaskill is now on record supporting the largest tax increase proposal in American history at a time when Missouri small businesses are still working to get back on their feet and create jobs.
PoliticMO reports that McCaskill lauded Obama’s so-called “Buffett Rule” – a divisive political ploy which “will not bring in much revenue,” based on a premise that has been found false by non-partisan fact-checkers such as ABC News and the Associated Press.
Notably, as McCaskill lectures others about paying their “fair share,” her own failure to pay taxes cheated local Missouri schools and firefighters out of more than $300,000 (CLICK HERE to see KMOV’s report).
“It’s remarkable that Senator McCaskill sees fit to lecture others about paying their ‘fair share’ when her own failure to pay taxes cost local Missouri schools and firefighters more than $300,000,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond. “But as she embraces the so-called ‘Buffett Rule’ –
which will hurt small business owners and kill jobs in Missouri – you can bet McCaskill won’t be joining Republicans in calling for Warren Buffett to release his tax returns, considering she still refuses to open the books to her own Delaware-based shell company that she used to improperly charge taxpayers for travel on her private jet.”
Background Information:
- US Chamber: Targeting Proven Small Business Job Creators Is Not The Way To Drive Economic or Job Growth. “… real tax reform is different than simply subjecting businesses to tax increases,” says Caroline Harris, U.S. Chamber chief tax counsel. “Raising $1.5 trillion in new taxes will not produce economic growth or prosperity … small businesses already pay more than their fair share of federal tax revenue, Harris says. “Targeting proven job creators is not the way to drive job or economic growth.” (U.S. Chamber, 9/20/11)
- NFIB: The President’s Proposal Send A Bad Message To Job Creators. “New tax increases on America’s biggest job creators are the last thing this economy needs to get back on track. At least 75 percent of small businesses file taxes on business income at the individual rate, and reinvest those earnings to grow the business and hire workers. With small businesses still struggling to recover and grow, this plan sends a bad message to job creators.” (Press Release, 9/19/11)
- NAM: Raising Taxes On Small Business Would Be A Devastating Blow. “President Obama’s call for tax increases on small businesses, individuals and investors is a poison pill for our economy. The bottom line is that manufacturers need policies that enable them to hire more workers, make capital investments and expand their businesses. More than 70 percent of manufacturers operate as S-corporations and pay income tax at the individual rate, so higher taxes on these job creators would be a devastating blow. The President’s proposal is short-sighted; we should not attempt to solve our nation’s fiscal ills on the backs of businesses striving to expand and add jobs.” (Press Release, 9/19/11)
- Business Roundtable: The Uncertainty Created By The Threat Of Even Higher Taxes Helps Neither Job Creation Nor Growth. “With the current, anemic economic conditions, the unemployment rate will remain consistently high and tax receipts will remain low unless the focus shifts to long-term policies and economic growth,’ Engler said. ‘The uncertainty created by the threat of even higher taxes helps neither job creation nor growth.” (Press Release, 9/19/11)
