The Kennedys didn’t get rich and powerful by playing fair!

Joseph P. Kennedy III is the 22nd wealthiest member of Congress ($18.6 million). His wife Lauren Anne Birchfield also has some college debt. Her student loans remain (she’s in the hole some $50,000 to the federal government, Harvard and a Des Moines-based educational outfit). Really? I have nothing against the rich dynasty Massachusetts Democrats continue to send to Congress, but with all those trust funds, couldn't they pay us back for college? Roll Call. http://media.cq.com/50Richest/#

The main source of the Kennedy family wealth was amassed by his namesake in banking, real estate, liquor, films and Wall Street holdings. In 1998, the Kennedy family sold Chicago’s Merchandise Mart for $625 million, which the family patriarch had purchased in 1945 for $12.6 million. The deal allowed Kennedy heirs to receive a stake in one of the nation’s largest real estate investment trusts, according to the Associated Press.

Kennedy, who represents the 4th Congressional district, reported most of his assets are held in family trusts. The 2014 range - $18.7 million to $64.5 million – is higher than the $15.6 million to $55.8 million range he reported as a candidate in 2012. His latest report also includes mortgage debt of between $750,000 and $1.5 million on homes in Brookline and Washington, D.C., and student loans – owed by his wife Lauren Birchfield – of between $40,000 and $115,000.

http://www.metrowestdailynews.com/article/20150616/NEWS/150617085

Never believe a promise that they'll only tax the other guy

That's class warfare. Class envy. Obama can't reduce taxes for 95% of Americans, since about 1/3 don't pay taxes anyway. Here's what to remember the last time a charismatic candidate promised to tax the rich and give you a break.

“Back when Mr. Clinton was campaigning for president in 1992, he made a pretty direct pitch: Raise taxes on people making more than $200,000, and use those revenues to fund tax relief for the "forgotten middle class."

In an October presidential debate, then-Gov. Clinton laid out the marginal-rate increase he wanted and some of his plans for the revenue that would be brought in. He followed with a pledge:

"Now, I'll tell you this," he said. "I will not raise taxes on the middle class to pay for these programs. If the money does not come in there to pay for these programs, we will cut other government spending, or we will slow down the phase-in of the programs."

Mr. Clinton, of course, won that election. And as the inauguration approached, he began backtracking from his promise. At a Jan. 14, 1993, press conference in New Hampshire, he claimed that it was the media that had played up a middle-class tax cut, not him. A month later, he announced his actual plan before a joint session of Congress.

p. 1 NYT . . . "Families earning as little as $20,000 a year will also be asked to send more dollars to Washington under the President's plan." About That Middle-Class Tax Cut . . .