It was pretty clear that Barack Obama was on the defensive last night and one of the most powerful hits he took was his exchange with Joe Wurzelbacher about "spreading the wealth around." Well, Joe has now become "Joe the Plumber" and is a national celebrity, whether he wants to be or not. (I don't think that was his intention.)
In fact, Joe the Plumber has become such a rallying cry that the Obama campaign has sent out Joe Biden to attack him. But Biden doesn't realize the symbolism he is attacking nor does he realize who he is attacking. Attacking Joe the Plumber is like attacking the working class. It is like attacking small businesses. It is an attack on middle America.
Here is what Biden said:
| "John [McCain] continues to cling to the notion of this guy Joe the plumber," Biden said on NBC’s "Today" show. "I don't have any 'Joe the Plumbers' in my neighborhood that make $250,000 a year." "The 'Joe the Plumbers' in my neighborhood, the 'Joe the Cops' in my neighborhood, the 'Joe the Grocery Store Owners' in my neighborhood, they make, like 98 percent of the small businesses, less than $250,000 a year." |
But what Joe Biden said about 98% of small businesses making less than $250,000 is a lie. Even Barack Obama's assertion that less that 95% of small businesses making less than $250,000 a year is a lie.
The IRS Statistics of Income Bulletin clearly shows that over two-thirds of small businesses make over $250,000 per year. That's 66%, not the 5% that Obama claims nor the 2% that Biden claims.
According to Americans for Tax Reform, other factors of the Obama Tax Plan will be significant as well. For instance, the tax rate on the majority of small businesses will go to 54.9% (39.6% individual and 15.3% Social Security/Medicare; add them together) and this would be the highest since the Carter Administration, the results of which gave us double-digit inflation and unemployment.
And what kind of small businesses will be affected? Look here: U.S. Small Business Administration - Table Of Small Business Size Standards. You'd be surprised at who is going to be paying those higher taxes.
When these taxes are enacted by a President Obama with a Democrat-controlled rubber-stamp Congress, 116 million jobs will be put at risk.
That is going to be one of the worst all-out assaults the socialists have waged against the working class. And Joe Biden, by attacking Joe Wurzelbacher has sounded the clarion call.
You can access the video of Joe Biden on-line here:
Video Of Joe Biden Attacking Joe Wurzelbacher
YouTube.com
October 16, 2008
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