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Obama's Dishonest Buffett Rule Campaign Ignores Basic Math

Kevin Glass Wrote: Apr 13, 2012 9:45 AM
Check the TPC link - I'm referring to only income tax (1st column), which is what the Buffett Rule will target. Effective rates for millionaires are only over 30% due to the amount that corporate taxes take out of their income.
The Buffett Rule should be called the Buffett Ruse - it's an Obama Administration gimmick that's wrong on politics, wrong on policy, wrong on symbolism and wrong on facts.

The way President Obama speaks one would think that every millionaire in the United States uses dirty tricks and tax loopholes to pay less than the average middle class family. That's simply not true. Obama's campaign is predicated on class warfare and a deception of the American people.

An Associated Press report notes:

A lot gets lost in the rhetoric about the Buffett Rule, which would impose...