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Tags: Buffett Rule, John Hodgman, Jon Stewart, Money, Senate, Taxes, The Daily Show, Video
Okay, Senate Democrats. Republicans see your tax increase for millionaires…
Senate Republicans on Monday blocked a move to open debate on the so-called Buffett Rule, ensuring that a measure pressed for months by President Obama and Senate Democrats to ensure that the superrich pay a tax rate of at least 30 percent will not come to a decisive vote…
Senate Democrats intend to return repeatedly to the legislation, named after the billionaire investor Warren Buffett, who has complained that he pays a lower effective tax rate than his secretary.
And raise you additional tax benefits for wealthy people…
On Thursday, House Republicans will counter with a proposed tax cut for businesses that they say would spur job creation but would cost the Treasury almost exactly what the Democrats’ tax increase would raise.
Interesting bargaining technique. It's akin to the "How about if instead of me giving you back your daughter unharmed, I drown your son in the ocean" technique favored by Viking politics in days of old.
Tags: Buffett Rule, Democrats, Money, Republicans, Senate, Taxes
So, it looks like the Obama campaign might maybe have a new term they'd like to try out and try to make a thing. Only, it looks like they're not totally sure if it's as good as they think it is or if it's… like saying that Ann Romney never worked a day in her life. So, what to do?
Oh, how about they get Joe Biden to say it. That way, if it works out okay, they can kick it up to the big leagues in the President's speeches. And, if it doesn't, well then it looks like crazy Uncle Joe went off his meds again…
Vice President Joseph R. Biden Jr. sought on Thursday to tie Mitt Romney directly to Republican opposition to higher taxes on millionaires, saying they want a "Romney Rule" that doubles down on tax cuts for the wealthy.
Speaking at an event in New Hampshire, Mr. Biden lashed out at Mr. Romney and Republicans in Congress as the impediments to Democratic efforts to pass what they call the "Buffett Rule" for people who make more than $1 million a year.
So far, so good. But, you never know. Best to give it another day or so.
Photo by Brendan Hoffman/Getty Images News/Getty Images
Tags: Buffett Rule, Joe Biden, Mitt Romney, Money, Taxes