Following is the transcript of the press briefing.
What is not clear is if the administration actually believes that or it’s just more political posturing. Should it be the former, it represents another example of politicians not having a clue about business or economics or the relationship between costs, prices, profits, the stock markets and every day Americans.
“Q Good. I want to ask you about what Republicans are pointing to in the analysis from the Joint Committee on Taxation. They say, according to — if I’ve read the chart correctly, more than 16 percent of taxpayers would see their taxes increase under the bill that’s approved by the House Ways and Means Committee. Will the President sign that bill if — as if — it is coming out of that committee? Or will he insist on the changes so that he will maintain his commitment that taxes won’t go up on people making $400,000 a year?”
“MS. PSAKI: I have not looked at the document or the report that you have put out. Obviously, the President — or that you have referenced, I should say — that the Republicans put out.”
“Obviously, the President’s commitment remains not raising taxes for anyone making less than $400,000 a year. There are some — and I’m not sure if this is the case in this report — who argue that, in the past, companies have passed on these costs [higher taxes] to consumers. I’m not sure if that’s the argument being made in this report. We feel that that’s unfair and absurd, and the American people would not stand for that.”
QUINNSCOMMENTARY 
Are they saying it is “unfair and absurd” for companies to do the same thing as Congress does to cover their spending?
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“ We feel that that’s unfair and absurd, and the American people would not stand for that.”
But the American people should stand for outrageous taxes?
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May be she listened to Warren Buffet:
“At Berkshire Hathaway’s annual shareholder meeting on May 1, CEO Warren Buffett dismissed the overreactions and slammed those issuing dire warnings over the proposed changes.
“When people talk about how it all gets passed through to the customer and everything…it doesn’t in most of our businesses,” Buffett said. According to Buffett, only in the utility business is this the case, and it’s a special case.
“I mean, it’s just — it’s a corporate fiction when they put out statements about the fact that this will be terrible for all of you people if we pay more taxes,” Buffett said.”
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The only thing missing here is Rod Serling introducing this gem by saying “Imagine you lived in a world where your political leader’s spokeswoman says ….”
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A brief look at a bio of Psaki was telling of how she got her various government spokesperson jobs and how she is clever in her spinning of the truth. Her own ignorance of many topics has a lot to do with it also.
My take is the administration higher ups know the score but don’t care because the rubes won’t figure out what hit them.
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It appears that Psaki has taken the same economics courses as Comrade Sanders, AOC and Fauxcahantas Warren. They believe that business’s are formed for a public good and not for profit. There is a good reason why you don’t see not for profit corporations listed on public exchanges. Who would invest in them?
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I wonder what it’s like to live in a world so divorced from reality.
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It’s right in front of us!
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