Obama Kabash on Wealthy Tax Credits Secretly Targetting Millionaire Rappers?

Posted by Juan

Will Jay-Z and rich rap friends turn their back on Obama after he puts an end to their Bush Era tax free-for-all?

@barackobama, jayz #irs #taxcredit
For some time now, Jay-Z has taunted his peers over his income with lines like “what you call money, I pay more in taxes.”  And while we recently learned that to actually be a true statement, he might have to call his accountant after Today’s announcement by President Obama. 

While much of the Hip Hop world was very supportive of President Obama’s campaign the truth of the matter is for a wealthy entertainer, especially the caliber of Jay-Z, Lil Wayne or the 900 Karat Birdman Obama and the Democratic policies are probably more counterproductive to those of the rich friendly Bush Administration.  And today, President Obama announced that he will not be extending his predecessors tax cuts for the wealthiest Americans setting the stage for Democrats in midterm elections this Fall.

Obama’s new economic package which he announced during his address proposes an extension of tax cuts for the 98 percent of Americans with incomes below $250,000 for couples and below $200,000 for individuals.  Clearly even the most creative of the Jiggaman’s accountants couldn’t convince the IRS that he is eligible.  Hmmm…maybe it wasn’t a good time for him to buy an island for his wife. 

The President hopes that the announcement will publicilly draw the line in the sand painting Republicans who traditionally vote down all his suggestions as supporting the wealthy instead of working class Americans.  And what is infinately more damning for their image and popularity leading into the elections, voting against ending the Bush Tax Credits in turn would be supporting Hip Hop.  All those mysogonistic rap lyrics, violence and sex.  Who wants that on their resume.

So while in 2008 Hip Hop may have bragged about being an important cog in electing the President by throwing benefit concerts, creating Will.i.am support viral videos and raising awareness, The President may have alienated and important base today by pissing of the very mouth that feeds him.  There goes the end of his name drops in rap songs.