Conservative Pundit Bill Kristol Waves White Flag: Raising Taxes on Rich ‘Won’t Kill Country’

Bill Kristol waves white flag on higher taxes for rich
Conservative Pundit Bill Kristol Waves White Flag: Raising Taxes on Rich ‘Won’t Kill Country’

Weekly Standard editor Bill Kristol waves white flag, now says raising taxes on the wealthy “won’t kill the country.” Um, isn’t that what President Obama has been saying all along? Did they forget the president is one of the wealthy people who would pay higher taxes? Bill Kristol appeared on Fox News Sunday and counseled Republican leadership to stop “falling on its sword to defend a bunch of millionaires:”

I think honest debate, fresh thinking, leadership in the Republican party and the leadership in the conservative movement has to pull back, let people float new ideas. Let’s have a serious debate. Don’t scream and yell over what one person says.

You know what? It won’t kill the country if Republicans raise taxes a little bit on millionaires. It really won’t, I don’t think.

I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000. Make it $500,000, make it a million.

Really? The Republican party is gonna fall on its sword to defend a bunch of millionaires, half of whom voted Democratic, and half of whom live in Hollywood and are hostile to Republicans? Source:  Think Progress

Watch Bill Kristol on Fox Sunday:

  • Janet – your world is so easy to figure out.

    1) “KILL THE COUNTRY” will come from a ballooning federal debt – YET when it came time for YOU to call out 4 years of $1.2T debt – you chose to market $49.5 Billion sent to GM because you knew that – when you take away one of the 4 years that you could pin on BUSH – the 3 years of $1.2T deficits under Obama would cause you to – THINK ABOUT THE NATION rather than marketing for Obama. (Please tell me that I am wrong?)

    2) If we look at the $600 billion to $850 billion in PROJECTED BUDGET DEFICITS for the next several years – while these ‘Taxes on the rich” are projected to raise $60 to $90 billion per year – depending on the proposal – JANET – WHY DO YOU KEEP FILIBUSTERING on these IDEOLOGICAL FAULT LINES but you are suspiciously unwilling to look at the REMAINING budget gap.

    Of course you would go after the standard progressive line items: Defense Spending and raising corporate taxes.

    3) When we see that the key budget growth items are Social Security and Medicaid and INTEREST ON DEBT – the military spending minus war is not expected to grow as dramatically – despite the rhetoric.

    I am still wondering why you are unable to see that the LONG TERM STRUCTURAL FAILURE of the forces who have taken over the local governments and economies have failed to produce strong local economic growth and as a result they are looking toward the FEDERAL GOVERNMENT to SPEND MORE DEBT MONEY to create jobs. The jobs that the insolvent cities can no longer sustain.

    5) How does a $16T and growing debt as the basis for this “Nationalized Social Justice Economy” square with the other thing that Obama said: DEBT IS A LONG TERM AND A medium long term problem?

    YOU see the RIGHT-WING as “The Problem” but in doing so can’t bring yourself to see the holes in the Progressive grand vision that has scaled past their local domination and are now seeking a national take over.