The Buffett Rule - The Prequel

The Buffett Rule, named after billionaire investor Warren Buffett, would ensure that every American pays their fair share of taxes. A look back in time shows that President Obama is not the only president who thinks restoring fairness to the tax code is a good idea.

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  News & Politics

[newdude50]

Wow. Looking at this video, I can honestly say that Ronald Reagan would now be to the left of Mitt Romney (who's having trouble with conservatives). The GOP has moved so much to the right that a former genuine conservative president (Reagan) would not get the Republican nomination for president.

[irdog57]

Presidents Reagan and Obama agree, and so do the 99%!!!

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[seaflyingmonkey]

That is theory. But do you really think that if taxes are higher, rich people will put their money in the bank and close their businesses? I don't think so. And if they do, somebody will take the niche and get their profit and keep the jobs. If profit is higher than interest from putting money in the bank, they will still have businesses. Why don't we do the experiment? Charge more and see what happens. Amazon didn't mention closing in the states they have to pay sale taxes now.

[BWRedux]

Is that Jaromir Jagr in the background? He (or she) is wearing Pittsburgh's Black & Gold after all!

*upper left hand corner*

The only problem is that he wasn't drafted by the Pens until 5 years later!

[Clinton Evans]

Who ever posted this video is dishonest...This was based on the mans salary!!!!! Buffet has money, he does not make money. The money buffet has made, he invests in, so the question is should we tax money made from investments "again" higher than some sectary.

[Tony007corp]

Regan would probably have to run as a "crazy liberal" if the tried to run on the same ideas he did back then.

[Clown Whisper]

The marginal tax rate IS THE issue if you are talking about businesses and that seems to be what you are talking about. Where is the disconnect?

Corporations pay over all less then they have paid in 70 years if you take the cost of health coverage. Oh we wont touch that either will we? God forbid that health insurance be a not for profit institution that would save this country hundreds of billions a year. That would be unheard of wouldn't it?

[rudesskeys]

im not taking about corporations. once again - approaching this as a college professor. regardless that your only talking about federal income tax (conveniently ignoring FASB, OADSI, medicare, state income tax, workers unemployment fund, and dividend taxes), im trying to explain that obamas buffett rule will destroy small and medium sized business, the people who hold corporations at bay and are the true hard working heros of america. apologies for the delay in response

[CommonSenseJoe]

Still there is more going out than coming in. Tell me, who do you think is paying this "interest earning"?

[CommonSenseJoe]

No, actually it is NOT. They simply provide the legitimacy for the currency. We have private property rights in this country. At least we did, until President Obama.

[Bryan Elliott]

Not seeing how that's an argument against the Buffet rule.