Bank Of Bad Habits
Obama says the Buffett Rule is not a reelection campaign "gimmick".
No, it's just a gimmick period and the scientific community is united in that fact.
Obama's gimmick is supposed to raise about $47 billion over 10 years from 22,000 wealthy households, yet he doesn't seemed as concerned about the alternative minimum tax that will take about $1 trillion over a decade from millions of taxpayers, many of whom earn less than $200,000 a year.
That's Obama's fairness.
President Obama also continued his one sided bromance with President Reagan --
“I’m not the first president to call for this idea that everybody’s got to do their fair share”. Some years ago, one of my predecessors traveled across the country, pushing for the same concept. That wild-eyed, socialist, tax-hiking class warrior was Ronald Reagan. He thought that in America, the wealthiest should pay their fair share.”
The Washington Times supplies the rest of the story that Obama left out
When Reagan saw inequities caused by the tax code, he sought to limit them, not make them worse. If a boss paid a lower effective tax rate than his secretary, the Gipper's answer was not to raise the boss’s taxes but to lower the secretary’s. “Lower, flatter tax rates will give Americans more confidence in the future,” Reagan said in the same speech Mr. Obama quoted. Funny how he missed that passage.
Philip Klein at the Washington Examiner has more --
“It'll mean if you work overtime or get a raise or a promotion or if you have a small business and are able to turn a profit, more of that extra income will end up where it belongs -- in your wallets, not in Uncle Sam's pockets.”
Now who's a wild-eyed, socialist, tax-hiking class warrior?