The long-time Wall Street reporter was simply not having it when a guest suggested capital gains be taxed the same as income.
Things got a bit heated Wednesday morning on Fox Business Network whenhost Maria Bartiromotook issue with a guests assertion that the rich arent paying their fair share of taxes.
During a discussion on the latestfundraising haulsby 2020 presidential candidates, Republican strategist John Thomas said that Democratic frontrunner Sen. Bernie Sanders (I-VT) is tarnished by the recent revelationthat hes a millionaire, claiming it undermines his fundamental brand promise that millionaires and billionaires are evil capitalists.
This prompted Fox contributor Richard Fowler to push back, stating that Sanders never said that millionaires are evil, but simply insisting that everybody should pay their fair share. That line got Bartiromoa long-time Wall Street reporterto get involved.
Whos not paying their fair share?! she shouted at Fowler. Just tell me whos not payingthis is reallythis is such a talking point that bothers me!
As Fowler explained that theyd had this conversation in the past, Bartiromo claimed the top-ten percent wealthiest Americans pay 71 percent of the taxes, and chastised her guest for using a talking point.
After calming Bartiromo down, Fowler went on to say that they almost agree on this point and that he is mostly talking about taxes on those who make their income from capital gains or real-estate investment when it comes to paying their fair share.
Bartiromo, however, was not done, accusing Fowler of putting apples together with oranges by grouping together capital gains and income. After she and Thomas tag-teamed Fowler on capital gains and how its an essential part of this country and entrepreneurship, Fowler said he wasnt arguing we shouldnt have capital gains but that we should level the playing field while using investor Warren Buffets example that he pays taxes at a lesser rate than his secretary.
It is level, thats another talking point, and youre confusing it, Bartiromo lectured Fowler. Warren Buffett, when he talks that he has to pay less in taxes than his secretary, its two different things.
The segment would go on like this for another minute or so, with the rest of the panel pummeling Fowler for having the audacity to want capital gains taxed at a rate similar to income.