R. Donahue Peebles, a wealthy fundraiser for President Obama’s campaign, derided Obama’s push to raise taxes on the wealthy as “unfair and delusional” and defended Mitt Romney from criticisms pertaining to his wealth.
“I’m so tired of hearing that the rich are not paying their fair share of taxes. Yeah, we are,” Peebles, who has raised between $100,000 and $200,000 for the Obama campaign, told The Huffington Post on Monday. “[T]o say that wealthy individuals are not paying their fair [share] is unfair and delusional.”
The Congressional Budget Office reported this week that 20 percent of Americans pay 94 percent of all taxes, as Sen. Rob Portman, R-Ohio, noted.
Obama has made the “fair share” argument a central part of his call to return to tax people who make $250,000 or more at 39 percent, while extending the Bush tax rates for the rest of Americans. White House Press Secretary Jay Carney made the argument yesterday when he said that Republicans “I guess object on principle to the notion that everybody should do their fair share when it comes to getting our medium- and long-term deficits and debt under control.”
Peebles is more sympathetic with the second part of Carney’s argument, though not entirely behind it. “So what should be said is that the wealthy Americans should have their tax rates raised because we need more money,” he suggested. “Now by the way, if they got all these tax raises it still wouldn’t put a dent in the national debt.”