GOP Rep: Uber Rich Aren't Getting Enough Bang For Their Tax Buck
Republican Congressman Eric Burlison claimed that 1-percenters should have lower taxes because they're just not getting enough from the federal government.
There are a few in the Republican party that have broached the idea of taxes the very wealthy to pay for Trump's tax cuts.
Rep. Burlison cries crocodile tears to Maria Bartiromo in support of Trump tax cuts for the uber rich. The minimum threshold from state to state to be considered to a 1 percenter goes from 800 thousand to a million dollars depending on the state. That's the bare minimum.
BARTIROMO: Do you think that your members are going to feel that they'll vote for it if it's not a higher tax rate for the rich?
BURLISON: Yeah, I don't think that that would go very far.
That would absolutely throw a monkey wrench into the system.
There's a lot of individuals. Look, the top 1% are right now paying 40% of the share of America's taxes. And yet, they're not getting tremendously more from their money. It's not like the top 1% get to have that much more libraries or schools or roads.They're really footing the bill for most Americans.
I think that if we increase those taxes, we've seen from history, when they did have higher taxes, it really had a very negative impact on economic growth.