Posts Tagged ‘millionaire

19
Sep
11

“by the time i feed my family, i have maybe $400,000 left over”

ThinkProgress: Rep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy…..

Fleming is himself a businesses owner, so Jansing asked, “If you have to pay more in taxes, you would get rid of some of those employees?” Fleming responded by saying that while his businesses made $6.3 million last year, after you “pay 500 employees, you pay rent, you pay equipment, and food,” his profits “a mere fraction of that” – “by the time I feed my family, I have maybe $400,000 left over…..”

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