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The proposed Buffett rule to make rich Americans pay more in taxes would barely make a dent in...

  • Tuesday, March 20, 2012, 5:56 PM ET
    The proposed Buffett rule to make rich Americans pay more in taxes would barely make a dent in the U.S. debt, according to one analysis. The Joint Committee on Taxation says the Buffett tax would raise ~$31B over the next decade - less than one-tenth of 1% of a projected $7T-plus increase in the federal debt.
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This news story has 18 comments:

  •  
    and add to that 10-15% more companies leaving the USA for other locations with less regulations and taxation...and a better smarter workforce....an you have the new Obama economy...where 60% of the people are on the public dole...
    20 Mar 2012, 05:59 PM Reply Like
  •  
    Yes,

    But it would be politically advantageous to punish the succesful nonetheless.

    The Sheeple need to blame somebody for their stupidity to feel good.

    Until they find out it will be themselves in the end.
    20 Mar 2012, 06:09 PM Reply Like
  •  
    Joint Committee on Taxation is a extreme right-wing political gang. I bet Mitt is a member.
    20 Mar 2012, 07:00 PM Reply Like
  •  
    But in reality, it's not about the revenue gained or the impact on the deficits. It's about painting the 1% with a target and allowing the democratic base to "feel good" about their leaders sticking it to the millionaires.

    BTW...I thought we already had an AMT?
    20 Mar 2012, 06:17 PM Reply Like
  •  
    After 58 years of tax cuts for wealthy, one year of 2% increases want make a big difference,but is a step in right direction. Wealthy hide billions in offshore accounts,Mitt is the poster boy.
    20 Mar 2012, 06:57 PM Reply Like
  •  
    If he was hiding it, how would you know about it?

    BTW,

    Romney gave 10X more to charity vs Obama.

    Obama's #1 2008 campaign contributor, was Goldman Sachs.
    20 Mar 2012, 07:02 PM Reply Like
  •  
    Mitt, being non-Christian is buying his place in Mormon heaven with 3 levels. He also will get to be a God on another planet like Earth.
    He made 20 million and paid 14% taxes. He takes from working families.
    20 Mar 2012, 07:15 PM Reply Like
  •  
    Terry, since it would be logical to assume that you earn more than the avg Min Wage worker (since you have lots of time for political posts on SA)

    You must be stealing from them.

    Why do you do that?
    20 Mar 2012, 08:47 PM Reply Like
  •  
    You know nothing about what you speak as far as his religion is concerned.....just another bigoted liberal. You might want to educate yourself some more.
    20 Mar 2012, 09:17 PM Reply Like
  •  
    Hey Terry...how about the 51% that do not pay anything..is that fair???
    or is that just stealing out in the open...
    20 Mar 2012, 07:02 PM Reply Like
  •  
    All workers pay social security, Medicare, sales tax, property tax, user fees, etc.
    20 Mar 2012, 07:33 PM Reply Like
  •  
    Social security is funding for one's own future retirement benefits. Don't insult our intelligence.

    My funding my own 401k/IRA must be a tax as well under your twisted logic.
    20 Mar 2012, 08:43 PM Reply Like
  •  
    So what? You state the obvious.....what is that supposed to mean.
    20 Mar 2012, 09:18 PM Reply Like
  •  
    Terry,

    Obviosly Mitt is a better investor than youself.

    Otherwise, you could have just done what he did, and donated a like amount to the Charity of your choice.
    20 Mar 2012, 07:20 PM Reply Like
  •  
    The problem is govt spending. Govt could tax everyone at 100% and STILL run out of funds.

    The problem is spending.
    20 Mar 2012, 07:29 PM Reply Like
  •  
    What past president was dumb enough to cut taxes for wealthy and borrow trillions for foreign wars of years and years?
    20 Mar 2012, 07:35 PM Reply Like
  •  
    Geeze....during the 50 years of tax reductions as you say, how'd Clinton manage a surplus?

    I guess you forget about Clinton in Bosnia....right?

    And of course you probably have not written to your Obama hero threatening to withdraw your support since he failed to keep his promise on Iraq, and boosted troop levels in Afghanistan. Such are the events that reveal your true hypocrisy.
    20 Mar 2012, 09:19 PM Reply Like
  •  
    Foriegn Wars?

    That's Hope & Change for ya.


    http://bit.ly/GEPw0S
    20 Mar 2012, 08:55 PM Reply Like
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