"I have to spend $200,000 a year to feed my family! You think lobster, caviar and champagne come cheap in this economy?"
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.
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