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May 24, 2013
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 Republicans Block the Buffett RulePosted on Apr 16, 2012
Senate Republicans shot down a move to open debate on a rule supported by President Obama, congressional Democrats and the billionaire investor for whom it’s named that would force the wealthiest Americans to pay a minimum tax rate of 30 percent. Predictably, Republicans doubled down on their insistence that tax cuts—not increases—are needed to jump-start an economy still lagging from recession, a move that promises a lengthy “debate” on tax issues as the presidential campaign moves into high gear. Democrats responded by citing a recent Gallup poll that showed 60 percent of Americans supported the proposal. —ARK
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By who'syourdebs, April 18, 2012 at 9:48 am Link to this comment
When Eisenhower was decrying the burgeoning military-industrial complex in his farewell address, the national income tax rate for the then “one percent” was more than 91%. The country was doing awfully well, too. Republicans cherry-pick history, then they distort it. Great. The mainstream media and the people who own these monstrously huge corporations are being criminally negligent in their quest for the almighty dollar. Politicians have always been bought off in America; journalists not so much. Pigs will be pigs, but a watchdog that’s gone over to the other side is no watchdog at all. If I had the dough, I’d have that “91% tax rate prosperity” item plastered all over those electronic billboards in Time Square. You sure won’t find it in Texas history books. They probably don’t teach it at Oral Roberts University either. FDR said: “Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.”
Report thisBy diamond, April 17, 2012 at 4:11 pm Link to this comment
Is anyone who has watched anything the Republicans have done for generations really surprised at this? They are for the rich, they are the rich and many of them have signed a pledge that they will never vote to increase taxes on the rich - in other words on themselves. And, of course, they have tax payer funded health care which they have no intention of allowing taxpayers to have. They are scum.
Report thisBy bigchin, April 16, 2012 at 8:46 pm Link to this comment
(Unregistered commenter)
It was never going to pass.
It is cover for the fact that Obama has not and will not campaign on a promise to end the Obama/Bush tax cuts… which would increase the taxes of the wealthy even more than this never-had-a-chance legislation.
Why won’t Obama promise to let the Obama/Bush tax cuts expire?
Who are you going to vote for?
Report thisBy Robespierre115, April 16, 2012 at 8:09 pm Link to this comment
This law was quite meaningless anyway, it does nothing to challenge the actual system in place now ravaging the globe. If Obama had balls he would craft a new New Deal suitable for the 21st century.
Report thisBy Stevenkuch, April 16, 2012 at 7:41 pm Link to this comment
The Republicans are right! We do need tax cuts at this time to get our economy
Report thisgoing. That is why we must NOT ONLY increase the taxes on the wealthy but cut
taxes on the poor and middle class so that it is a net decrease in taxes!
By Miko, April 16, 2012 at 7:30 pm Link to this comment
(Unregistered commenter)
I don’t believe I’ve ever heard a single person on
Earth say that tax increases are the way to get out
of a recession. It takes a real instinctive need to
counter anything said by a Republican to overwhelm
the logical part of the brain so severely.
Granted, the number of people affected by the tax is
Report thisso insignificant that the Republicans’ counter-claim
that this would seriously hurt the economy is also
silly. But it’s good to see that we can still have
debates based on both sides saying utterly silly
things about issues that are basically insignificant
anyway.
By gerard, April 16, 2012 at 6:46 pm Link to this comment
The REAL SHOCK is that it’s not a shock! The REAL shock is that it is even necessary to legislate in order to FORCE people who can, to do what they know they should, of their own free will, in order to relieve desperate needs on other people whose desperation is due to the negligence of those who can and should, but don’t. If you catch my drift.
Report thisBy Jeff N., April 16, 2012 at 6:28 pm Link to this comment
Big shocker.. It’s great how legislation is used as political theater more than anything else these days.
Report this