Monday, April 30, 2012
Obama’s a worse offender than Warren Buffet
What a disrespectful President we have. In front of administrative assistants President Obama campaigned for the creation of the “Buffet Rule”. He obviously needs to take a long hard look in the mirror. Only a few days after making this statement the US White House has made it known that President Obama has a lower effective tax rate than his secretary who only makes $95,000 a year; according to spokeswoman Amy Brundage. “She goes on to suggest that the President would be willing to pay more in taxes that he currently does. His situation illustrates “exactly why we need to reform our tax code and ask the wealthiest to pay their fair share.””
How can Obama stand before a group people how are paying a higher tax rate and say that change is needed when is one of the offenders. Warren Buffet has been calling for a 30% tax rate to be imposed on the wealthiest Americans for some time. If the fact that Millionaires are paying fewer taxes than their administrative assistants, then why did the “Buffet Rule” get voted down in the US Senate by a 51-45 vote? And why was the vote split primarily down party lines. And why do some believe that it would not have passed in the House either. If President Obama really wants to fix the tax system should he not be getting his fellow Democrats on board with him? I am very puzzled by the fact that nearly all Democrats are against him on this tax plan. The 30% tax rate is still progressive as those who make more will be required to pay more in taxes.
Many people have said that if the rich want to pay more in taxes they are free to do so. So why doesn’t President Obama, an “American leader” show the rich how to do this. If enough of them follow then there may not be a need to rework the tax code.