Administration Quote by Dick Morris
“President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.”
About This Quote
Source Speech: Political commentary, 2009, United States
The quote contrasts past and proposed fiscal policies, suggesting a shift from poverty reduction to targeting wealth through higher taxes on the richest.
In simple terms: It compares two "War on" strategies, one against poverty, the other against wealth.
Key Takeaway
Consider the impact of tax policy on wealth distribution.
Themes
tax policy
wealth inequality
political rhetoric
economic reform
Mood
critical
analytical
Type
political
economic
When to use this quote
- budget planning
- campaign messaging
- public debate
- legislative drafting
Key Concepts
progressive taxation
public finance
political strategy
Questions to Reflect On
- How do tax changes affect economic behavior?
- What are alternative ways to address wealth disparity?
A Different Perspective
Critics argue higher taxes may discourage investment and growth.
