Scott Brown doesn’t want to talk about fairness Taxes were the main topic of the week in the nation’s most hotly contested Senate race between Elizabeth Warren and Sen. Scott Brown (R-MA). At issue primarily was Brown’s vote against tax fairness and to filibuster the Buffett Rule. Brown’s response? Change the subject. Ms. Warren, a… Read more »
Posts Tagged: Buffett Rule
Unsurprisingly, given the fact that he’s been hammering on fair taxes all week and the Buffett Rule is coming to a vote this coming week, President Barack Obama came out and hit hard in his weekly address this morning on the fairness (or current unfair…
The nation needs the so-called Buffett Rule and can’t afford to keep giving tax cuts to the wealthiest Americans “who don’t need them and didn’t even ask for them,” President Barack Obama said in his weekly address.
“As many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part,” Obama said.
His address caps a week-long effort by the administration in promoting the proposal that would require millionaires to pay a minimum of 30 percent of their income in taxes. The Senate is expected to bring the proposal up for a vote next week, and Obama implored “some Republican politicians to get on board with where the country is.”
“It’s pretty sensible,” he said, adding that “most Americans support this idea.”
A Gallup poll released Friday found 60 percent of adult Americans are in favor of the proposal, including 74 percent of Democrats and 63 percent of independents. Republicans oppose it, though only by 54 percent.
“This is not just about fairness,” Obama said. “This is also about growth. It’s about being able to make the investments we need to strengthen our economy and create jobs. And it’s about whether we as a country are willing to pay for those investments.”
The White House has come up with a fun widget that will be sure to infuriate you this tax weekend.
They note on the site that “about 55,000 millionaires pay a lower effective tax rate than millions of middle-income Americans. I used the calculator to …