This is just another political ploy to divide the nation and keep the focus away from the tax increases for the health care bill and the cuts in Social Security.
With a nation of over 300 million people, do you really think raising tax levels on 200,000 business people will really help? This proposal will help business owners hire one less person each and will add one more person to the unemployment role. Taxes in the U.S. are already the highest in the world. We continue to pass bills and laws requiring more money to enforce and we keep borrowing from China to pay for all of this.
By this time next year we will be looking at a national debt of over 20 trillion dollars and no amount of taxes will be able to pay for it. When we fall it will be a very, very hard fall!
Like someone said you go where the money is
Everyone should pay their fair share....no more no less
Buffet is a lifelong Democrat , he endorsed Obama in 2008 & he lives a modest lifestyle compared to most of the super rich .
That said , most of his wealth is now tied up in the tax exempt Gates Foundation .
Doubling the tax bills for those who already pay the highest absolute sums will only result in providing a new benchmark for everyone else . US Presidents of both parties have been starting ever more expensive wars & are using the politics of envy to begin a process of dramatic tax hikes for most people .
Middle class tax hikes won't be mentioned during the election campaign , but they will come next year .
Why tax the rich more?
Because that's where the money is.
Buffett pays a capital gains tax rate of 15%. The name of this rule is hypocritical!
In 2010, he paid 11% in taxes: http://huelskamp.house.gov/index.php?...
YES! Everyones taxes should be 30%. My taxes with F.I.C.A, social, medicare, state, and federal was 33%.My wages were well above average. Paid more in taxes alone than the average American earns in wages. I feel the RICH should pay at least what I pay. No excuses and no loop holes.
This is just a political ploy to balance the budget, decrease the deficit, get the U.S. credit rating back to AAA, have money to repair infrastructure, bring america back to prosperity.
Funny how those big superpac donors can donate $5mil to their pet candidate like nothing, not even missing it. Donating $5mil to gingrich the them is like us donating $20. But some people will defend them not paying a dime more in taxes.
I wonder where Mr Carter found the information that the "Buffet rule" would balance the budget. Even most liberals agree this idea is just a gimmick to divide the folks according to class. (Class Warfare) is the only hope the democrats have of hanging onto the checkbook for another 4 years. If they succeed the checks will bounce in the first year. Getting the budget balanced involves getting spending under control which the democrats have been proven incapable of. They need welfare checks to buy votes with. Just look at Y-Town where the democrats enjoy total control and welfare is the largest "Employer"!
Listen to 1loaf Mr. Carter.
The money brought in by the Buffet rule over the NEXT 10 YEARS might just about cover 17 days of next year's budget deficit (i.e January 1 thru January 17, 2013)
What happens on January 18th, 2013, Mr Carter????
It is a gimick!
Well fellas im not gonna argue with you about exact numbers. But i will say that before GW we were on track to pay off the deficit and we had a booming economy. And i will stand by my comment that these big shots throw millions around like you and i spend $20 bills. Im willing to pay another X% if they are to straighten this mess out.Now, this bullcrap argument about class warfare. Dont be naive. You and i are the ones that are gonna get screwed. Either the big shots pony up, or you and i are gonna lose our SS and medicare. Maybe you agree with this bogus ponzi scheme called the Ryan plan. But dont cry when the cuts bite you personally.
Give em more and they will spend more. Enough, is enough these pigs get far too much froimn all taxpayers already. Waste and more waste , Solyndra, GSA, Secret Service Electric cars, the list is endless and this gutless wonder of a President wants more, and liberals want to give it to him to continue the waste, fraud and corruption.
"Give em more and they will spend more." Agreed. We do not have an income problem; we have a spending problem. The only way we should agree to any tax increases is IF AND ONLY IF spending is frozen at it's current rate. No new programs, no new spending, no automatic increases. When has any tax increase ever been enough? New tax revenue is a license to spend.
Freeze spending? Agreed.That includes defense and congressional salaries. I would like to cut the pay of congressmen. They deserve a pay cut.
Only a Muslim like BO would concoct such a scheme.
george,peregrine, all you hardcore reds. I mean no offense, but all of you are pretty naive. So, "Give them less and they will spend less" to paraphase your argument. Well, thats what we've done for the last 13 years. Lower taxes, less revenue, but no cuts in defense, and you still have to maintain the roads and bridge, still have to pay the police and fireman and teachers, etc. That logic hasnt worked, and it aint never gonna work. In 13 years, and i dont care whose fault it is, but they aint gonna do it, both red and blue alike, i dont care who the president is. Your argument is just political lip service.
Forgotten your password?