Buffett rule

September 22nd, 2011

U.S. Rep. Mazie Hirono appealed to her supporters on Thursday to sign her open letter to U.S. House Speaker John Boehner, R-Ohio, to schedule a vote on President Obama’s proposal to place a new minimum tax rate on the wealthy.

The proposal has been dubbed the “Buffett rule” for billionaire investor Warren Buffett.

The Hawaii Democrat, who is running for U.S. Senate, called Republican claims of class warfare “ridiculous.”

When billionaire investor Warren Buffett pays a lower effective tax rate than his secretary, even he admits there’s a problem. So President Obama is right when he says that this is a matter of simple fairness and simple math — and I am proud to join him in pushing back hard against the GOP. But it will take more than our strong words and President Obama’s veto threat to end wasteful tax giveaways to millionaires and billionaires:

We must enact President Obama’s proposed “Buffett Rule,” which would ensure that millionaires and billionaires stop paying lower tax rates than the rest of us do.

3 Responses to “Buffett rule”

  1. Guido Sarducci:

    Fact Check: Are the Rich Taxed Less than Secretaries?


  2. Goober:

    “Buffet Rules” Smorgasbord is closed due to excessive overeating and not paying for it. Imagine paying the price of a happy meal and getting fillet mignon imported instead. The rich are doing so by eating Overseas and charging the meal to their “Offshore Accounts”.

  3. runpaul:

    if warren buffet’s secretary is paying more taxes than buffet is,the only sensible thing to do is to reduce the tax rate of the secretary.

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