HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Obama, Democrats Ready ‘B...

Fri Apr 6, 2012, 05:56 PM

Obama, Democrats Ready ‘Buffett Rule’ Tax Push

Obama, Democrats Ready ‘Buffett Rule’ Tax Push


WASHINGTON — President Obama and Senate Democrats will kick off a coordinated pressure campaign on Republicans next week ahead of a tax day vote on legislation to enact the president’s “Buffett Rule,” which would ensure that the rich pay at least 30 percent of their income in taxes.

Mr. Obama will travel to Florida on Tuesday for a speech on the Buffett Rule, named after the billionaire investor Warren E. Buffett, who has made a point of saying that he pays a lower tax rate than his secretary. The Obama campaign will hold Buffett Rule events in other swing states that day, and Senate Democratic leaders have encouraged Democratic senators to get involved with those campaign efforts.

“Making sure that everyone plays by the same set of rules is key to ensuring the economic security of the middle class,” said Amy Brundage, a White House spokeswoman, “and the president will continue to make this case next week.”

The push comes ahead of a procedural vote on April 16 that will decide whether the Senate will even debate the bill, and Democrats give it little chance of reaching the necessary 60-vote threshold. The blitz comes with some risks. After Friday’s jobs report for March fell short of expectations, Republicans will make the case that raising taxes — even on the very wealthy — would do nothing to put Americans to work.

- more -


2 replies, 742 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Obama, Democrats Ready ‘Buffett Rule’ Tax Push (Original post)
ProSense Apr 2012 OP
ProSense Apr 2012 #1
gateley Apr 2012 #2

Reply to this thread