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  • Buffett Rule

    Morning Bell: Tax Gimmicks, Tax Doom

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal … More

    Obama Is Claiming Reagan, Again

    Yesterday President Obama tried to sell the “Buffett Rule” under a new moniker: What Ronald Reagan was calling for then is the same thing that we’re calling for now: a return to basic fairness and responsibility; everybody doing their part. And if it will help convince folks in Congress to … More

    Online Chat on Taxmageddon and the Buffett Rule

    Taxmegeddon is coming. No, it’s not April 15th, but in 2013, there will be massive tax increases that will raise taxes by $494 billion. Does President Obama want to talk about that?  No. Just as he doesn’t want to talk about the deficit, or gas prices, or Obamacare.  Instead, President … More

    VIDEO: Santelli Speaks the Truth on Obama's Buffett Rule

    Back in February 2009, CNBC’s Rick Santelli launched a nationwide firestorm when he spoke out from the floor of the Chicago Board of Trade about the federal government run wild and President Obama’s mortgage plan, calling for a Chicago Tea Party in July of that year. Today, Santelli again spoke … More

    Morning Bell: Buffett Rule 101

    President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and small businesses. The core of his argument is that the rich aren’t paying their fair share. It … More

    The Buffett Rule is a Calculated Distraction from Obama’s Failed Leadership

    What do you do when you’re losing a debate?  Change the subject.  That’s really all you need to know to understand President Obama’s resuscitation of his infamous “Buffett Rule” that would impose a minimum 30 percent effective tax rate on businesses and families earning $1 million. The Supreme Court gave … More

    The Numbers Are in, and the Buffett Rule Comes Up Short

    President Obama’s infamous “Buffett Rule,” which would set a 30 percent minimum effective tax rate for families and businesses with incomes greater than $1 million, would raise a paltry $47 billion over 10 years according to a recent report by the Joint Committee on Taxation. During that same timeframe, President … More

    Chart of the Week: Top 1 Percent Paid 38 Percent of Federal Income Taxes

    President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by raising taxes on the most successful Americans. “If you make more than $1 million a year, you should not pay less than 30 percent in … More

    Congress Should Stop Subsidizing Warren Buffett's Health Care, Not Increase His Taxes

    Reports have surfaced that conservatives in Congress may propose further increasing income adjustment in Medicare to lessen the program’s insolvency. This is a great idea. While the left continues to argue for higher taxes for the likes of Warren Buffett to maintain the status quo of a costly, failing Medicare … More

    In Pictures: How Much the Top Earners Already Pay in Taxes

    America has heard a lot of talk about the “Buffett Rule” — President Barack Obama’s plan to make the tax code more “fair” by permanently raising taxes by $1.5 trillion over 10 years, with most of the burden falling on families and businesses earning more than $250,000 per year. But if he … More