The Buffett Rule is Nonsense

The Buffett Rule is nonsense. It raises between $47 billion to $160 billion dollars over ten years. If the Buffett Rule were an iceberg and the deficit the Titanic, the Titanic would win. In addition, it would not impact the uber rich (like Mitt Romney) since this tax goes after wage earners versus people making money from capital gains, private equity, etc. The President needs to stop wasting the public’s time with this reverse fake.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in Barack Obama, Budget, Congress, deficit, Elections 2012, Political Economy and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s