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Fox Pundits Attack Clinton's Profit Sharing Proposal

Hillary Clinton proposed tax credits for businesses that share profits, so naturally the talking heads over at Faux "news" hated it.
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It's always a safe bet to make that any time someone proposes something that might level the playing field and decrease the problem we have with income disparity in the United States in any way, shape or form, the talking heads over on Faux "news" are going to be against it.

That's exactly what the viewers were treated to on this Saturday's Cavuto on Business, where guest host Charles Payne and his panel did their best to distort Hillary Clinton's recent proposal that businesses receive a 15 percent tax credit for profit sharing.

I've seen arguments on how much good the proposal would do and I don't think it's a cure for what ails us when it comes to income inequality in America, but it is at least a step in the right direction.

You'd think it was evil incarnate, anti-business and going to destroy the American economy if you took seriously the talking heads in the segment posted above. Here's how Payne started things out.

PAYNE: Well, Hillary unveiling her Clinton-nomics plan this week, and one way she says she can boost incomes is a corporate sharing plan with workers with middle and low incomes. She says, hey, this is a win-win, but Gary, you say when government tells private business what to do, it's actually a loss for all workers.

KALTBAUM: Charles, when I hear Hillary Clinton talking economics and corporations having to share, two words come to mind and that's oy vey. (Met by extremely annoying laughter and applause from Ben Stein.) … Look, corporations are already dealing with seventy thousand pages of tax code. Seventy thousand pages of regulations, mandates, fees, health care, you name it. Now you're going to them that what they have to pay everybody else. Very simple, if you demand and mandate the companies more pay, higher pay, they are going to react in a way and it's going to be less people working and higher cost to consumers.

And it didn't get any better from there. Poor Adam Lashinsky attempted to respond and remind everyone that tax credits are not government mandates and that her proposal wasn't going to force businesses to do anything, and surprise, surprise, it fell on deaf ears and he found himself being talked over and marginalized for the rest of the segment.


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Payne shrugged off Lashinsky's comments by pretending that a tax credit today is going to be some government regulation tomorrow and did his best to convince their audience that if Clinton decided she wanted this measure passed as President, she could just do it unilaterally and wouldn't have to worry about that pesky Congress getting in the way and potentially failing to honor her whims.

They all seemed terribly convinced that if Clinton were elected president, she would be Queen Hillary, with powers far more sweeping than any I've seen bestowed to any other president in history and able to force businesses to comply with her whims, the law or the other two branches of government be damned.

They also did their best to conflate this proposal with the minimum wage hikes being either passed or proposed across the country and pretending that paying workers on the lower end of the income scale in America something at least starting to resemble a living wage is going to destroy jobs, when we all know that the opposite is true. Putting more money into the hands of those at the bottom rungs of our economic ladder stimulates the economy because those workers tend to spend just about every dime they make.

These Fox-bots want their race to the bottom on wages, and they want it now, and don't dare try to tell them any differently of you'll be attacked as some job-killing, socialist, over-regulating... liberal... gasp... that hates America and the free market.

The only "freedom" these clowns care about is the "freedom" to have a race to the bottom with third world countries, which is what they'd be content to turn us into as long as they get to keep their overpaid cushy jobs at their propaganda outlet.

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