In one of his signature Fox News montages, Jon Stewart on Thursday highlighted the hypocrisy of conservative commentators railing against Warren Buffett’s call to tax the super-rich.
It’s “class warfare!” they claim. Because, you see, closing corporate tax loopholes and raising the marginal tax rate would only raise a meager $700 billion over 10 years, Stewart said. And as one conservative commentator noted, that’s only a small fraction of the federal deficit.“I assume these folks have the same ‘why bother’ attitude towards low-level spending cuts,” Stewart said.
Not really. Programs like the National Endowment for the Arts, National Public Radio and free parking for federal employees? That all definitely has to go.
“Oh, so when you cut it, it’s $1 million, but when you tax it it’s, oh, $700 billion,” he said. “All we would have to do to raise $700 billion is cut 700,000 NPRs. It’s almost too easy.”
So if you’re looking to raise revenue, Stewart said, why not go elsewhere? Like to the poor. It makes perfect sense.
Watch the video (part 1):