Obama plans to use this Buffet Rule to push his political agenda - he knew it would not pass and that is why he waited to do it now before the elections while the Republicans hold the majority in Congress instead of while the Democrats held the majority in Congress. Check out this letter that I received from his camp today... It is all a set up to say: is this what we want in November? A guy who supports his rich buddies and his own interests or the middle class? They will fall for it too. Just wait for the media backlash!!
I love the Buffett Rule for the same reason Mitt Romney opposes it.
It levels the playing field in America by closing tax loopholes and ensuring that millionaires aren't paying a tax rate that's lower than what many middle-class families are paying.
And it's going to be one of the issues that will define this election.
We've got a new interactive tool that shows how Mitt Romney and some other millionaires play by their own set of rules -- the same rules they're trying to make sure you and I don't ever get to change.
Compare your tax rate to Mitt Romney's -- and see how the Buffett R...
I can't think of a better way to illustrate the choice this country is facing in November. This is the way it breaks down:
The Buffett Rule closes loopholes and asks millionaires to pay at least as much as middle-class families, so that we can share the burden of reducing our deficit and investing in programs important to a strong middle class, like education, innovation and infrastructure.
Romney not only opposes the Buffett Rule, but he wants to make things even more unfair. He will explode the deficit by giving more tax breaks to the wealthy -- and place the burden of paying for them on the backs of the middle class and seniors.
This November, it's one or the other. We either stick with a President who fights for the middle class, or we choose a candidate who fights to protect an unfair status quo that benefits him at the expense of our economy and the middle class. You'll be hearing a lot about the Buffett Rule in the coming days. But remember this: It's not about class warfare, and it's certainly not about some arcane policy disagreement. It's about common-sense fairness.
If you're still curious about what the Buffett Rule would actually do, take a look around the new website now:
Deputy Campaign Manager
Obama for America