Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.
Obama Tax Plan Would Ask More of Millionaires by Jackie Calmes for the NY Times.
This is merely another Obama proposal for the GOP to refuse to enact regardless of how much it makes sense, simply because Obama is not one of them and they protect their own.
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