White House makes case for Buffett Rule
April 10th, 2012
03:45 PM ET
3 years ago

White House makes case for Buffett Rule

New York (CNNMoney) – President Obama made another push for his proposed Buffett Rule in a speech Tuesday in Florida.

His address came on the heels of a White House report that laid out its case, arguing that the Buffett Rule would make the tax code fairer and make it harder for the very rich to lower their tax bills.

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Filed under: Economy • President Obama
soundoff (10 Responses)
  1. American

    President Obama promotes the correct policy supported by the majority of Americans for shared sacrifice towards fiscal responsibility.

    In contrast, Romney is pushing for more unaffordable tax cuts for the rich that will irresponsibly increase deficits while taking away more from seniors & middle-class Americans.

    April 10, 2012 07:52 am at 7:52 am |
  2. Marlee

    Which Buffet Rule? The pay your share of taxes or abort unwanted babies?

    April 10, 2012 07:55 am at 7:55 am |
  3. Wire Palladin, S. F.

    Ever notice that republicans refuse to do anything because they say the benefits are not that great. Benefits are benefits, and we need to address the republican spending that was out of control during the Bush years.

    April 10, 2012 08:08 am at 8:08 am |
  4. Wire Palladin, S. F.

    Too bad that republicans are so concerned about the wealthiest Americans, and care little about the middle class, the poor, seniors, women, college students, veterans. For the GOP, its all about the rich.

    April 10, 2012 08:12 am at 8:12 am |
  5. Rudy NYC

    Unbelievable. Republicans say the darndest things. Rep. Paul Ryan was on the morning talk shows today. He said the following about his budget as he contrasted his tax policy to the Buffet Rule.

    "We're not cutting revenue. We're cutting rates."

    That is pure "trickle down" hogwash.

    April 10, 2012 08:41 am at 8:41 am |
  6. Ray E. (Georgia)

    It is very easy for liberals to play the class warfare game. They want to run the country but want the conservatives to pay for it. Allowing the Bush Tax Cuts to expire for all making under $200,000.00 would be fair. That way Business could hire more workers and the workers would pay a bit more to help pay down the 16 Trillion Federal debt.

    April 10, 2012 08:44 am at 8:44 am |
  7. GI Joe

    When the repubs have 51% it is a majority. When the dems/independents/republicans have 70% agreeing that taxes need to be fixed, it's irrelevant.

    ha ha ha ha ha

    April 10, 2012 09:22 am at 9:22 am |
  8. GonzoinHouston

    This is a clear distinction that the democrats should point out in the fall: The Ryan plan, remember, eliminates the capital gains tax altogether. Therefore, while Obama wants Mitt Romney and his ilk to pay 30% of their income in taxes, the GOP wants them to pay nothing.

    April 10, 2012 09:38 am at 9:38 am |
  9. Four and The Door

    The Buffett Rule is a key talking point in Obama's re-election bid. The general principle behind it is that millionaires and billionaires like investor Warren Buffett shouldn't pay a lower percentage of their income in federal taxes than middle-class households.
    ______________________________________________________________________________________________
    This is a perfect example of why Obama has not been able to figure out a program to improve the economy or generate enough government revenues to keep up with his spending. His decisions are based on politics and emotion instead of economics and reason. The nation suffers because of incompetence in the White House. People on unemployment deserve better than this. Lower earning working Americans deserve better than this. The wealthy don't really get hit that hard because...well...they are already wealthy. They are doing okay. Everyone else suffers from a stagnant economy, "jobs" bills that don't work, a brutal seemingly perpetual poor housing market and national debt that makes a sane person gasp. We can do better.

    Romney/ Ryan 2012

    April 10, 2012 10:20 am at 10:20 am |
  10. Pete

    It's the old saying,can't take it with ya.Mr.Buffett has seen how some of the 1%ers can help shape this country.He and Mr.Gates have instead helped thousands,if not millions, in believing their monies are better helping than destroying peoples lives. The KOCH brothers and other extreme 1%ers are saddly dismissing helping people for the egotistical game of corporate masters of the rightwing republican regime.So I'd rather be a help to the many ,then a hinderence to the ignorent few,that's my thoughts,good day...

    April 10, 2012 10:24 am at 10:24 am |