For weeks President Obama has traveled the country delivering speech after speech asserting that if implemented, the so-called “Buffett Rule” would “stabilize” our national debt over the next ten years. In reality, however, it would do almost nothing to solve our lingering budget woes or pay off our national debt. Nevertheless, his unrelenting tax-the-rich mantra seems to be resonating with voters. According to the latest Gallup poll, 6 in 10 Americans support the Buffett rule – named for billionaire investor Warren Buffett – a policy that would impose a 30...
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This is an issue that is irrelevant, except as a tool to further divide Americans along class lines, in order to benefit Obama. Let's remember that when the initial income tax was passed, it only applied to the rich, so most of America was in favor of passage, AND not affected. You can be sure that the increase for the "rich", under the Buffett Rule, will ultimately morph down to the rest of us.
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