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Tuesday, April 10, 2012

Just a reminder: “Buffett Rule” that Obama won’t stop talking about is aimed mainly at around 400 taxpayers « Hot Air

Just a reminder: “Buffett Rule” that Obama won’t stop talking about is aimed mainly at around 400 taxpayers « Hot Air: "United States and set for a vote in the U.S. Senate that’s targeting something like 130-135 households across the entire country. Which, incidentally, explains why the Buffett Rule would set a federal rate of 30 percent for millionaires, not the 15 percent needed to make sure they’re on par with John Q. Public, which is supposedly Obama’s big concern. If they set the minimum rate at 15 percent instead of 30, the already razor-thin amount of extra revenue they’re going to get out of this would all but vanish."

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