David Limbaugh
The old adage "better late than never" might not apply in the case of President Obama's tardily filed budget.

It's one thing to habitually arrive late for scheduled appearances selfishly to build suspense and annoy those in attendance, but it's another to present this document two months late and after both the House and Senate have passed their own respective budgets.

Why did he wait so long that he would necessarily create chaos in the process? Does he not think budgetary matters are important enough to postpone vacations and golf outings when we are on the brink of national bankruptcy?

But worse than his tardiness are the contents of the budget. Does this man never tire of devising new ways to tax "evil" rich people? It's approaching the point of harassment. This is a government not of servants but of masters who view some of the people, at least, as subjects who exist to enable their addiction to expand government, control more aspects of our everyday lives and spend increasing amounts of money. In Obama's America, the "rich" are one minority that doesn't seem to be entitled to equal protection or fair treatment under the law.

Indeed, the wealthy will not pay enough in Obama's eyes until they're not wealthy anymore. He is proposing a cap on not only deductions for high-income earners but also exemptions, which, according to The Heritage Foundation, "would be a radical departure from long-established tax policy and would have serious negative consequence for retirement savings, employer-provided health insurance, and state and local bonds." In keeping with Obama's ideology that the federal government ought to be the primary charitable institution, his budget would cap -- and reduce by some 30 percent -- the charitable deduction.

Just as Obama once told us that at a certain point, people have made enough money -- as if that's any of the government's business in a free society -- he is now telling us he knows how much is enough to have in our retirement accounts: $3 million.

As another jab at the rich, he is also proposing to put his beloved "Buffett rule" into law. This would impose a 30 percent minimum tax rate on taxpayers whose adjusted gross income is more than $1 million. This is all just choreographed melodrama and phony populism, as the top 1 percent of income earners already pay an effective tax rate of 29 percent and middle-income earners don't pay nearly that much.

David Limbaugh

David Limbaugh, brother of radio talk-show host Rush Limbaugh, is an expert on law and politics. He recently authored the New York Times best-selling book: "Jesus on Trial: A Lawyer Affirms the Truth of the Gospel."

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