One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate.
As grateful as I am for Barack Obama’s profound, nonsensical meditations on the meaning of hope, I am even more grateful that the One has come to make the world fair, and to tell us what fairness really means.
In his weekly radio address on April 14, President Obama displayed his lifelong commitment to an ideological extremism of pure theory unhinged from reality. That failure of leadership is why America is in a scary downward slide that will not stop until fundamental change is made at the top.
Why now? That’s the one question about the present push for the “Buffett Rule” that President Obama can’t answer – at least not without exposing his own proposal as the shabbiest, sleaziest sort of partisan posing.
Liberals in Congress are having a tough time bringing their beloved “Buffett Rule” to a vote. That’s the gimmicky proposal which purports to “sock it to” millionaires who allegedly aren’t paying their fair share in taxes.
President Barack Obama calls his proposed tax on millionaires the "Buffett rule," based on financier Warren Buffett's claim that he pays a lower tax rate than his secretary. Obama claims that the "Buffett rule" asks millionaires to "do their fair share" by paying the same income tax rate that middle-class families pay.
Income tax time is an appropriate moment to go to the heart of President Obama’s complaint about the taxes Warren Buffett and other rich people pay, or don’t pay. What the president is really complaining about is that the tax rate on capital gains is too low.
WASHINGTON - President Obama admitted this week that the "Buffett Rule," his plan to raise taxes on wealthier Americans, is "a gimmick."
The president is barnstorming around the nation hoping to enrage voters at the injustice that the wealthy pay fewer taxes than the middle class. "Now that's wrong," Obama objected, "That's not fair."
I’ve already explained why Warren Buffett is either dishonest or clueless about tax policy.