Guys, you are wasting your time. This Buffett rule is intentionally vague for the purpose of the 2012 class warfare/tax-the-rich campaign. Can't you see that?
I envision something like this. A simple one-page AMT tax reform for millionaires. Obama gets a new job in the IRS headquarters as "Millionaire Tax Czar". He sits at a desk with his trademark pompous look on his face and gets a red pen, and reviews all millionaires' tax returns. Then he arbitrarily edits the line "tax owed". Simple really. All millionaires will file the new form 1040-WTF so it can be easily forwarded to the tax Czar's desk.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
As long as the less uniformed public continues to believe the story, it will help Obama keep the divide strongly in tact. Now if he can come up with a story about how it will supposedly create jobs (that's believable), he may get a little more voter excitement.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
I've thought it funny as well. The Statist never seeks a reduction in government, only an expansion of it. The solution to the middle class paying a higher rate isn't to lower the rate of the middle class, it is to raise the rate of the those making more than the middle class. The solution to the deficit isn't to reduce the spending to that which the current revenue can support, the solution lies in taking more from the citizens so that the government can spend as it wishes on what it wishes. Seems to me that Statist feels they are entitled to whatever they want from the citizens, whenever they want it.