…assuming these millionaires don’t change their behavior.
The President is using class warfare again.
From Obama’s website :
Get his back
Middle-class families shouldn’t have to pay a higher tax rate than millionaires and billionaires.
So President Obama has proposed the “Buffett Rule,” which would require the wealthiest Americans to pay a tax rate at least as high as the middle class. Republicans are already calling this “class warfare,” and they will fight this plan with everything they have.
But it’s just common sense. Tell the President you’ve got his back on this one
John Hayward at Human Events points out our President’s game:
On Tuesday evening, the Wall Street Journal looked at the ever-shifting rationale offered for President Obama’s “Buffett Rule” obsession, noting that once upon a time Obama assured us this pitiful 0.1% increase in federal revenue would be enough to “stabilize our debt and deficits for the next decade,” but these days White House aides are saying it was “never intended to bring the deficit down and the debt under control.” Instead, it’s a all about establishing “a basic issue of tax fairness.”
Although the Journal has other fish to fry in their editorial, it should be noted that the Obama Administration is blatantly and openly lying about whether or not he ever claimed the Buffett Rule would address the deficit.
Read the whole thing at Human Events