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Obama to Announce New Tax Plan for MillionairesPosted on Sep 18, 2011
On Monday, President Obama is expected to call for a new minimum tax rate for Americans making more than $1 million a year. The proposal will be called the “Buffett Rule,” after billionaire investor Warren Buffett, who has complained that rich Americans are not paying their fair share in taxes. The new rate would affect fewer than 450,000 taxpayers—0.3 percent of the taxpaying population, and is designed to make future reductions to Medicare and Medicaid more palatable to those who oppose them. It looks like Obama won’t offer much in the way of details regarding the plan and subsequent revenue increases. Apparently, that work will be left to the special congressional debt reduction committee charged with hacking out a bipartisan budget plan by late November. —ARK
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By John Poole, May 18 at 4:51 pm Link to this comment
(Unregistered commenter)
doublestandards/glasshouses. Don’t you mean Obama for Commander in Chief. I
Report thishave a placard in my Jett wagon’s back window: REAL MEN DON’T ASPIRE TO BE
COMMANDER IN CHIEF.
By SteveL, September 18, 2011 at 7:27 pm Link to this comment
Tax inheritance, capital gains, and dividends at the same rate as income
Report thisBy Robespierre115, September 18, 2011 at 2:18 pm Link to this comment
So what if he raises taxes slightly for the oligarchs (who are his best friends)? His “jobs plan” basically outsources everything to them, allowing them to continue to set the rules and rake in the cash. Of course Buffet is going to ask for a slight hike in taxes, the rich always prefer that than real, popular action to smash their control.
Report thisBy blogdog, September 18, 2011 at 12:21 pm Link to this comment
again the current puppet POTUS diverts attention from the real solution
TOBIN TAX: 1% on all financial transactions: stocks, bonds, commodities futures
DEATH TO DERIVATIVES: forced settlement of all finance-based derivatives at fair
market value and make their creation illegal
END THE FED as we know it - kick out the global banksters - use it as a US Gov. source to finance massive infrastructure re-development
encourage a primary challenge to Obomber
Report thisBy berniem, September 18, 2011 at 11:56 am Link to this comment
New tax plan? Why? Be a true conservative and return to those wonderful days of the 50s when a really progressive tax rate was in place! Mr. POTUS, too little, too late. Going from liar to fraud will not get you my, nor most other progressives, vote. And actually, I don’t care if some repub. gets elected because the outcome of this nation’s future has already been determined by those who think in terms of global rapaciousness and see the US as a useful military instrument for the ensuring of their prerogatives!
Report thisBy prisnersdilema, September 18, 2011 at 10:14 am Link to this comment
I wonder if he thinks that the Republicans, are going to allow this? Still I’m sure it will make good night time T.V…..
Then on the other hand president Obama’s job Czar Mr. Jeffrey Imelt, just said on CNN that he was proud of sending thousands of Jobs over seas to China. He also wants to make work visa’s easier to get for those who want to come here. Also part of his plan for Job creation, is to reduce regulations here at home.
Mr. Imelt, is proud because America now is a part of a global economy, which is code for the third world.
America used to have a very high standard of living, compared to the rest of the world. The rest of the world, the Global economy, was based on economic slavery, child labor and poverty. So now the U.S.A gets to become a part of the world, and the Global economy.
Unfortunately, those who caused the mess to economy are still in charge, still deluded, and still doing the same things that created the mess.
Still haven’t figured out that American’s can’t buy the products the corporations make in China, if their out of work, or can’t support themselves.
Still haven’t figured out that job creation in China doesn’t infact creat jobs here in the USA.
Which means that Obama’s tax the Rich scheme, no matter how popular it might be with the poor, is just another political ploy. And Obama is still a fake.
Go ahead, tax the rich, make them homeless, take away their McMansions, it won’t make much of a difference in the long run. Because, it doesn’t change the political and economic infrastructure that is destroying this country.
Maybe, the rich should be taxed to their eyeballs, it’s the only way to support the military. No taxes no F-22 Raptor fighter jets.
The people are tapped out.
Report thisBy doublestandards/glasshouses, September 18, 2011 at 9:39 am Link to this comment
(Unregistered commenter)
Obama for president 2012.
Report this