MSNBC ‘s Rachel Maddow was on the air about this….
Good to beat Mitt Romney over the head with…..
She pointed out that the Buffett Tax would ONLY apply to a special section of people…
Those WALL STREET people that EARN more than a Million bucks a year…..
MY reaction to her point was ….
It’s a Damn Good thing…
Make’m pay like me…
The President probably ain’t gonna get this from the GOP dominated House…..
As it is…
Maddow is of course carrying the water for something else…..
Going back to the well for an INCREASE in the absolute tax rate for ALL American’smaking $250,000 or more….
While this WOULD help in the budget battle….
I see NO chance of this passing….
Just like the FIRST time Obama tried it….
Democrats have been pushing the tax issue for months, but as the general election begins, the Obama campaign is taking the issue to a fever pitch.
It believes the Buffett Rule can be an effective political weapon against Romney, whose 2010 tax returns show he and his wife, Ann, paid a 14 percent tax rate on $27 million in income. Much of Romney’s income came from capital gains, which has a 15 percent tax rate.
Obama took aim at Republicans for “doubling down” on the same economic policies he said led to the recession, and touted the Buffett Rule, which states that millionaires should pay at least as high a tax rate as the middle class.
“You might have heard of this,” Obama said in his remarks, before a crowd of faculty and students at Florida Atlantic University. “But Warren Buffett is paying a lower tax rate than his secretary.
“Now, that’s wrong,” he added. “That’s not fair, and so we’ve got to choose which direction we want to go in as a country. Do we want to keep giving tax breaks to the wealthiest Americans like me or Warren Buffett or Bill Gates? People who don’t need them and never ask for them? Or do we want to keep investing in things that will grow our economy and keep us secure? That’s the choice.”
Romney’s campaign fired back at the president by mocking him for supporting the “Obama Rule,” which it said held that families and businesses must be taxed more “so that government can grow.”
“President Obama has made it clear that raising taxes is the one campaign promise he will keep,” Gail Gitcho, Romney’s communications director, said in a statement. “Mitt Romney wants to lower the tax rate so that more Americans can keep their hard-earned money and small businesses can begin to grow and hire.”Share on Facebook