Fox host: There's no point in increasing taxes on the wealthy because "they will come up with various structures to hide income"

Fox host: There's no point in increasing taxes on the wealthy because "they will come up with various structures to hide income"

Maria Bartiromo: "At the end of the day, the government is not getting that revenue anyway"

Video ››› ››› MEDIA MATTERS STAFF

From the February 7 edition of Fox News' America's Newsroom:

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MARIA BARTIROMO (FOX BUSINESS HOST): It is confiscation, because, the truth is is, you can work your whole life, work really hard, achieve success, make money, and then get it taken away. Confiscated by the government. These policies oftentimes lead to unintended consequences where people will actually see that they're being overtaxed, see that they're being -- their money is being confiscated, and they will come up with various structures to hide income. And so, at the end of the day, the government is not getting that revenue anyway. I'm talking about legal structures, in some ways, where people will try their hardest to change the way their income is measured and that's one of the unintended consequences. 

Previously:

Fox melts down after polls show vast majority favor taxing the rich more

Fox Business panel panics over Democratic proposals to tax the wealthy: "That is communist"

Fox's Ed Henry links Elizabeth Warren's proposed wealth tax to ongoing popular revolt against Venezuelan regime

Posted In
Taxes
Network/Outlet
Fox News Channel
Person
Maria Bartiromo
Show/Publication
America's Newsroom
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