Mr. President, last week I came to the floor to talk about how free enterprise helps people achieve earned success and thus helps them pursue true happiness. Today I want to talk about another moral benefit of free enterprise--its effectiveness in reducing poverty and promoting economic mobility. This is an important conversation to have since President Obama has made income and class inequality the centerpieces of his reelection campaign. For example, in his Osawatomie, KS, speech last year, he said: This is a make-or-break moment for the middle class and all those who are fighting to get into the middle class. I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, and when everyone plays by the same rules. He followed up with similar themes in the 2012 State of the Union speech, saying that he believes in ``an America where hard work paid off, responsibility was rewarded, and anyone could make it if they tried--no matter who you were, where you came from, or how you started out.'' Of course, these are quintessential American values in no dispute. But the President's soaring rhetoric is at odds with his main policy, which is to achieve greater economic equality not by equal opportunity but through forced redistribution of wealth. For example, the President has proposed a litany of tax increases, such as the so-called Buffet rule, higher marginal income tax rates, and higher taxes on investment.…
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As a matter of personal privilege, let me comment, for just a moment, as a former member of this Commission.
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