Wurzelbacher has become the focal point of the presidential election because of his objections to Obama's plan to boost taxes on people who earn more than $250,000. Ironically, the plumber currently has an income level that would make him eligible for Obama's proposed tax cut rather than the tax increase.
But that doesn't address what impact Obama's tax hikes might have on Wurzelbacher's boss and how new taxes might adversely impact the plumbing company's payroll under an Obama administration.
After noting that Wurzelbacher admitted the company he's hoping to buy doesn't cross the quarter-million threshold, Ibanga seemed perplexed at his anger at the notion of taxing "rich" people for their success:
Wurzelbacher conceded today that he is not in danger of being hit with the higher tax rate. He acknowledged that he wants to buy a plumbing company for $250,000 to $280,000. That wouldn't be how much profit he would make from the firm.
He would make much less, he said.
That would seem to indicate that Wurzelbacher would not be subject to Obama's proposed tax increase from 36 percent to 39 percent for those making more than $250,000 per family. Instead, he would be eligible for a tax cut that Obama is proposing.
Nevertheless, the plumber said people shouldn't be "punished' for success even if you become a billionaire.
"I don't like it," said Wurzelbacher. "You know, me or -- you know, Bill Gates, I don't care who you are. If you worked for it, if it was your idea, and you implemented it, it's not right for someone to decide you made too much."
Regardless of whether Wurzelbacher would have to pay higher taxes off the bat, it's not a stretch to imagine the Ohio plumber would be less likely to go ahead with his plans to purchase the business if there's uncertainty about how anti-business the Obama administration will be.
That ABCNews.com can't or won't grasp that concept is just more evidence that the media don't get free enterprise.
Photo of Wurzelbacher via ABCNews.com
