Joe J. Walsh Quotes
I think the latest estimates were that we have about 250,000 millionaires and billionaires. President Obama wants to increase their taxes 13 percent.
Walsh, Joe. Interview by Neil Cavuto. Your World with Neil Cavuto, Fox News, 18 Apr. 2011.
His minimum tax proposal was for the income over $10 million was 35%. For income between $1 million and $10 million, it was 30%. At the time, he found that his secretary, everyone who worked in his office, and the waiter who served him lunch, all paid a higher income tax rate than he did. President Obama, in a great struggle with the Republicans who fought to retain the lower tax rates for the wealthy with deductions, was able to terminate the Bush tax cuts for the very rich.
He was one of the richest men in America, who thought that the tax burden on the very wealthy was too low given the needs of the nation and the ability of the wealty to pay..
William Joseph Walsh is an American politician, conservative talk radio host, former social worker, and former 2020 Republican presidential candidate who served one term in the United States House of Representatives representing Illinois's 8th congressional district.