Tea party Rep. John Fleming (R-LA) used himself as an example Monday while arguing against President Barack Obama’s plan to make sure millionaires pay about the same tax rate as the people that work for them.
“In my own case, I own LLCs,” Fleming told MSNBC’s Chris Jansing. “The income flows to my personal tax return and whatever is left over after taxes are paid, I feed my family on the one hand and on the other hand, I reinvest in my business.”
“With all due respect, The Wall Street Journal estimated that your businesses, which I believe are Subway sandwich shops and UPS stores — very successful — brought you last year, over $6 million,” Jansing noted.
“Yeah, that’s before you pay 500 employees, you pay rent, you pay equipment and food,” Fleming agreed. “Since my net income — and again, that’s the individual rate that I told you about — the amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million. And so by the time I feed my family, I have maybe $400,000 left over to invest in new locations, upgrade my locations, buy more equipment.”
“You do understand, Congressman, the average person out there making 40, 50, $60,000 a year, when they hear that you have $400,000 left over, it’s not exactly a sympathetic position?” Jansing asked.
“Again, class warfares never created a job,” Fleming replied. “That’s people that will not get jobs. This is all about creating jobs. It’s not about attacking people who make certain incomes. You know, in this country, most people feel that being successful in their businesses is a virtue, not a vice. And once we begin to identify it as a vice, this country is going down.”
It wasn’t clear if the numbers cited by Fleming included his $174,000 congressional salary.
Watch this video from MSNBC’s Jansing & Company, broadcast Sept. 19, 2011.
WATCH LIVE: Donald Trump clashes with Joe Biden in final 2020 debate
The final 2020 presidential debate is scheduled to take place on Thursday in Nashville.
The debate is being moderated by NBC News White House correspondent Kristen Welker.
The final debate is occurring after President Donald Trump refused to participate in the second debate against former Vice President Joe Biden.
"For this final debate, the coronavirus safety plan onstage is similar to the first one: It will be held in person, but the candidates will be far apart and not shake hands," The Washington Post reported Thursday. "The audience will again be smaller than in debates in years past. The first debate had 80 to 90 people in the audience, all of whom were supposed to be tested for the novel coronavirus. The attendees were also supposed to wear masks, per the advice of the Cleveland Clinic, which was the official partner of the debate. But members of the Trump family took off their masks after arriving, prompting widespread criticism, including from moderator Chris Wallace of Fox News, and new rules say that any audience member without a mask will be asked to leave."
‘Rudy is so bad at this’: Giuliani mocked after photo of alleged ‘Hunter Biden text’ is linked to Russia
Rudy Giuliani, an attorney for President Donald Trump, faced mockery on Thursday after a photograph suggested that evidence connected to a smear of Hunter Biden originated in Russia.
On Thursday morning, Fox News correspondent Mike Emanuel claimed that the network had confirmed that Hunter Biden was the author of a text message in which someone complains about a business deal.
Hunter Biden text exchange from June 2017 obtained by #FoxNews ranting to his business partners about not wanting to "sign over my family's brand", "the keys to my family's only asset" to Tony Bobulinski. Warning: foul language. pic.twitter.com/8gn1KuVOBu
Trump advisors admit he made a huge mistake — and needs a ‘breakout’ debate performance: report
On Thursday, CNN chief White House correspondent Jim Acosta reported that campaign advisers to President Donald Trump regret allowing the president to cancel the second debate.
According to Acosta, these advisers believe it's essential for Trump to have a "breakout" moment on stage at the last round.
NEW: Campaign advisers tell our Chief WH Correspondent Jim @Acosta they now believe it was a huge mistake for Trump to cancel last week’s debate, making a breakout moment a must tonight to shake up the race. One adviser said Trump needs a “leadership moment...” #CNN