Politics

DeMint: Obama jobs plan ‘venture socialism’ [VIDEO]

Jeff Poor Media Reporter

Calling President Barack Obama a “socialist” used to be considered taboo by left-wing critics of the right. But the president has not done much to alter that perception, at least according to South Carolina Republican Sen. Jim DeMint.

In an appearance on Wednesday’s “On the Record,” host Greta van Sustren asked DeMint if there was anywhere he could find common ground with Obama. (RELATED: Obama stumps for Hispanic votes)

“I would love to be able to work with the president on something,” DeMint said. “But he’s practicing what we call ‘venture socialism.’ I mean, he basically has taken an approach where it’s the government that needs to stimulate jobs, and I know as an employer… you don’t hire someone because the payroll tax is a little lower or you get a $4,000 tax credit. And you certainly don’t hire anyone if they’re going to tax you more, which the president says — everybody making over $200,000 got to pay more of their fair share. They already pay 50 percent of all federal taxes now and 40 percent of that income is small business.”

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