Fri Apr 6, 2012, 10:39 PM

alp227 (20,445 posts)

Democrats Ready to Pressure G.O.P. on ‘Buffett Rule’

Source: NY Times

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.

(...)

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.

“This is yet another proposal from Democrats that won’t create a single job or lower the price at the pump by a penny, but may have the opposite effect,” said Senator Mitch McConnell of Kentucky, the Senate minority leader.

Read more: http://www.nytimes.com/2012/04/07/us/politics/obama-democrats-ready-buffett-rule-tax-push.html

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12 replies	Author	Time	Post
Democrats Ready to Pressure G.O.P. on ‘Buffett Rule’ (Original post)	alp227	Apr 2012	OP
Spam deleted by William769 (MIR Team)	bvdsfd89safg	Apr 2012	#1
"raising taxes — even on the very wealthy — would do nothing to put Americans to work."	cstanleytech	Apr 2012	#2
making jobs with that money should be easy	greymattermom	Apr 2012	#3
Not only that	liberalmike27	Apr 2012	#5
They're going to have as big a job getting Dems like Chuck Schumer to buy into it. nt	Poll_Blind	Apr 2012	#4
It is going to be a big job -- however	goclark	Apr 2012	#6
Schumer needs to stand with the 99%	roseBudd	Apr 2012	#7
And the pressure will last almost exactly as long as it takes Obama to be re-elected. After that,	Vidar	Apr 2012	#8
+1	Dilldoe	Apr 2012	#12
can't wait to hear the repugs excuses this summer	starfox172	Apr 2012	#9
"class warfare"	Skittles	Apr 2012	#10
Mitch McConnell ought to be more careful about what he says ...	surrealAmerican	Apr 2012	#11

Response to alp227 (Original post)

Fri Apr 6, 2012, 11:01 PM

bvdsfd89safg (2 posts)

1. Spam deleted by William769 (MIR Team)

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Response to alp227 (Original post)

Sat Apr 7, 2012, 01:46 AM

cstanleytech (5,302 posts)

2. "raising taxes — even on the very wealthy — would do nothing to put Americans to work."

Well giving them generous tax breaks for 10+ years hasnt done shit to help get people off unemployment not to mention the wage stagnation thats been occurring so how about we try another way, tax the shit out of the wealthy and corporations if they are just sitting on money.
For every x amount they invest here in the US though and or with an increase in employees salaries (and not corporate level salaries) in the US they get a x % tax break.
After all we have tried giving them the carrot for free to get them to create jobs and improve the lot for the 99% and thats clearly failed so its time to break out the stick or in this case a 2x4 on their worthless cheap asses.

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Response to alp227 (Original post)

Sat Apr 7, 2012, 02:11 AM

greymattermom (973 posts)

3. making jobs with that money should be easy

just promise to put the extra money in a fund to hire teachers, build infrastructure, etc. Be specific about how many people will be hired. Call it something cool, like the million job tax fairness bill.

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Response to greymattermom (Reply #3)

Sat Apr 7, 2012, 10:59 AM

liberalmike27 (1,991 posts)

5. Not only that

But you get a lot of the money back, paid in taxes, that you spend. They pay federal, state, and local sales taxes, as well as gas, alcohol, cigarette, toll road, fees and licenses, and many other small levees that they aren't paying now. They rent new places, buy new things, generate new wealth by spreading that money around, which creates even more jobs.

Basically for ever dollar you put out there, you generate another piece of a dollar in economic activity, and that piece of a dollar generates a smaller piece in addition, so on, so forth.

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Response to alp227 (Original post)

Sat Apr 7, 2012, 02:56 AM

Poll_Blind (23,213 posts)

4. They're going to have as big a job getting Dems like Chuck Schumer to buy into it. nt

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Response to Poll_Blind (Reply #4)

Sat Apr 7, 2012, 11:22 AM

goclark (30,404 posts)

6. It is going to be a big job -- however

If they don't try to get the message out -- for sure nothing will happen.

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Response to Poll_Blind (Reply #4)

Sat Apr 7, 2012, 02:14 PM

roseBudd (8,368 posts)

7. Schumer needs to stand with the 99%

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Response to alp227 (Original post)

Sat Apr 7, 2012, 05:51 PM

Vidar (18,335 posts)

8. And the pressure will last almost exactly as long as it takes Obama to be re-elected. After that,

business as usual.

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Response to Vidar (Reply #8)

Sun Apr 8, 2012, 08:06 AM

Dilldoe (22 posts)

12. +1

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Response to alp227 (Original post)

Sun Apr 8, 2012, 02:50 AM

starfox172 (33 posts)

9. can't wait to hear the repugs excuses this summer

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Response to starfox172 (Reply #9)

Sun Apr 8, 2012, 06:19 AM

Skittles (86,317 posts)

10. "class warfare"

zzzzzzzzzzzzzzzzzzzzzz

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Response to alp227 (Original post)

Sun Apr 8, 2012, 08:05 AM

surrealAmerican (7,478 posts)

11. Mitch McConnell ought to be more careful about what he says ...

... because he and his party are proposing policies that not only won't "create a single job or lower the price at the pump by a penny", but will actually put more people out of work and raise prices for consumers. He really doesn't expect that his words will be applied to him too, does he?

We tried "trickle down"; it failed.

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