Pence: The Wealthy Do “Pay Their Fair Share” [VIDEO]

The Iowa Capital Dispatch reports:

Former Vice President Mike Pence told Iowa voters Wednesday that he “doesn’t buy” the argument that the wealthiest Americans do not pay their fair share of taxes. Pence addressed income taxes after one attendee asked about billionaires like Elon Musk’s and Jeff Bezos’ ability to avoid taxes, but everyday people are “stuck footing the bill.”

“There’s no question that the tax code today creates a lot of different carve-outs for people who can shelter funds, keep dollars away,” Pence said. “I’m somebody that, I don’t really buy into ‘the rich need to pay their fair share.’ When you look at the statistics of where we actually get our funding from the government, the top 10% of earners in this country pay about 90% of the money that goes into the federal treasury.”

The 25 richest Americans paid an effective federal income tax rate of 3.4% between 2014 and 2018 and some of the country’s wealthiest billionaires paid no federal income taxes in some years, Propublica reported in 2021.

Read the full article.

Former Vice President Mike Pence told Iowa voters Wednesday that he “doesn’t buy” the argument that the wealthiest Americans do not pay their fair share of taxes. #iacaucus https://t.co/RdovYFUehJ via @IowaCapDispatch

— Iowa Capital Dispatch (@IowaCapDispatch) July 6, 2023

A nonpartisan political question: How could someone who has been doing this for so long possibly be this bad at it? https://t.co/XzZn3pCzUO

— George Conway (@gtconway3d) July 6, 2023