Obama’s Buffett Rule: The art of political pandering

April 17, 2012 08:45


Every justification the White House has put forward to support the Buffett Rule has been shot down. The proposal does not reduce the deficit, nor does it simplify the tax code, nor does it spur economic growth. In fact, it doesn’t even prevent the rich from paying lower tax rates than the middle class. – Washington Examiner

 

Examiner Editorial


EXCERPTS:

Every justification the White House has put forward to support the Buffett Rule has been shot down. The proposal does not reduce the deficit, nor does it simplify the tax code, nor does it spur economic growth. In fact, it doesn’t even prevent the rich from paying lower tax rates than the middle class.

 

So why has Obama made this gimmick into a policy centerpiece in recent weeks? Because it polls well. By making scapegoats out of wealthier Americans, he can exploit the common misconception that there is an easy solution to the nation’s debt crisis, while simultaneously escaping responsibility for his own failure to do anything about it.

FULL ARTICLE



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