28 Patriotic Millionaires Stand with President Obama in Support of the Buffett Rule
Dear Minority Leader McConnell:
As you well know, next Monday, the Senate will have its first procedural vote on the “Buffett Rule,” which would guarantee that incomes over $1 million per year are not taxed at a lower rate than incomes of regular American families. As patriotic citizens who either now or in the past have enjoyed incomes of $1 million or more per year, we ask that you and your colleagues allow this critical issue to come to the Senate floor immediately for an open and transparent debate about our country’s priorities.
This is no time for delay, stonewalling and political nonsense. This is not an issue of left or right, democrat or republican. This is an American issue and American democracy demands that this issue come to a vote.
Given the challenges we must face, it is mind-boggling that one-quarter of all millionaires pay a lower tax rate than millions of middle-class families. Implementing the “Buffett Rule” is not the only thing we need to do to ensure the success of our country; but it is certainly one of the most obvious.
Thank you for doing the right thing for the country.
Grover Norquist's worst nightmare... It's nice to see a few of the 1% finally acknowledge the fact that giving them MORE tax cuts is ridiculous with the current economic situation.
More posturing? The economists say the effect of these new taxes is just window dressing, a couple hours of federal spending.
I agree it is silly to pass new tax cuts when we have record debt but Obama campaigning on this when it will do nothing just shows he is a man without substance. If he was a true statesman, he would be on a countrywide tour campaigning for Simpson/Bowle's recommendations instead of eating $1000 eggplant risotto fundraising dinners with George Clooney and Angelina Jolie.
Thomas Sowell: There are no solutions, just trade-offs.
If that's the best you got, then I'm a happy camper...
Kill the Bush Tax-cuts
Pass the Buffett Rule
Close the loophole that lets Vulture Capitalists like Mitt Romney pay 13.9%; and hedge-fund managers pay capital-gains rates on their income
Kill the subsidies for the Oil Companies
Close unnecessary bases, decrease the military budget
Close the corporate-tax loopholes that let G.E. and others get away with paying NO taxes
Penalize the vultures who send jobs offshore instead of rewarding them with tax loopholes
A few tens-of-billions here, a few tens-of-billions there...Pretty soon it adds up to REAL money...
LadyJazzer wrote: If that's the best you got, then I'm a happy camper...
Kill the Bush Tax-cuts
Pass the Buffett Rule
Close the loophole that lets Vulture Capitalists like Mitt Romney pay 13.9%; and hedge-fund managers pay capital-gains rates on their income
Kill the subsidies for the Oil Companies
Close unnecessary bases, decrease the military budget
Close the corporate-tax loopholes that let G.E. and others get away with paying NO taxes
Penalize the vultures who send jobs offshore instead of rewarding them with tax loopholes
A few tens-of-billions here, a few tens-of-billions there...Pretty soon it adds up to REAL money...
Steal a few tens-of-billions here, a few tens-of-billions there- yea- it adds up to REAL money.
Every one of your suggestions makes government stronger- and our private economy weaker. I guess that's what socialists want to do though.
Any dollar you remove from the free market- is a dollar that can't be used to save, spend or invest. It can't be used to create a job- or pay a family bill.
Next year when the family making 50K has to pay $2000+ more in federal taxes- what do you think will happen to the economy? LJ- if you had to pay another 2K in taxes every year- what will you cut back on?
Bear,
You are thinking all wrong! Vegas loved having the GSA come to town, they didn't take bids on the event or entertainment like private companies would have done.
So if LJ gets her way, GSA can spend 1.6 million next year on their event instead of the weak 800K they spent last time.
Thomas Sowell: There are no solutions, just trade-offs.
No, if I get my way, the GSA (who were not Obama appointees, but long-term civil servants who lost sight of what was appropriate) would have been fired sooner. And perhaps more of them should have been dismissed.
LadyJazzer wrote: If that's the best you got, then I'm a happy camper...
Kill the Bush Tax-cuts
Pass the Buffett Rule
Close the loophole that lets Vulture Capitalists like Mitt Romney pay 13.9%; and hedge-fund managers pay capital-gains rates on their income
Kill the subsidies for the Oil Companies
Close unnecessary bases, decrease the military budget
Close the corporate-tax loopholes that let G.E. and others get away with paying NO taxes
Penalize the vultures who send jobs offshore instead of rewarding them with tax loopholes
A few tens-of-billions here, a few tens-of-billions there...Pretty soon it adds up to REAL money...
:thumbsup:
I think you guys should give LJ a thumbs up for posting what she stands for (for a change).
I don't agree with all of it, but a couple items are ok.
Good post LJ!
The whole tax code needs work, there are plenty of loopholes for all, not just the rich.
Limit the employee health insurance deduction, nix home equity loan interest deduction and 2nd home mortgage, and lots others. Get rid of all refundable tax credits too, make them normal credits against taxes owed.
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.
