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

[alp227]

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

[bvdsfd89safg]

1. Spam deleted by William769 (MIR Team)

[cstanleytech]

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.

[greymattermom]

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.

[liberalmike27]

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.

[Poll_Blind]

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

PB

[goclark]

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.

[roseBudd]

7. Schumer needs to stand with the 99%

[Vidar]

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

business as usual.

[Dilldoe]

12. +1

[starfox172]

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

[Skittles]

10. "class warfare"

zzzzzzzzzzzzzzzzzzzzzz

[surrealAmerican]

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.