Monday, April 16, 2012

Thom Hartmann: The Buffett rule will get a vote in the Senate today...

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- but it likely won't be able to overcome a unified Republican filibuster. President Obama's proposal would force millionaires and billionaires like Warren Buffet and Mitt Romney to pay at least the same tax rate as working Americans. Currently - America's super rich take advantage of loopholes created by the Bush tax cuts - and pay far lower rates than even a lot of middle class Americans.
Making the rich pay their fair share in taxes has been a rallying call by both Democratic and Republican Presidents in history - from Franklin Roosevelt to Ronald Reagan to now Barack Obama. Unfortunately - now that the rules of the Senate have been changed by the Republican minority to require 60-votes to pass anything - and now that the most-corporate friendly House of Representatives elected by over $300 million in corporate spending in 2010 - refuses to consider any sort of tax increases because multi-millionaire lobbyist Grover Norquist won't let them - then it looks like America's oligarchs will be let off the hook again.
Republicans are more focused on a $600,000 GSA scandal and whether or not Secret Service Agents cavorted with prostitutes, than actually making our economy work for the middle class again.
(Do you think it will pass? Tell us here.)

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