Skip to comments.Republicans Unveil Their ‘Buffett Rule’ Allowing Americans to Pay More to Uncle Sam
Posted on 10/15/2011 9:05:33 AM PDT by tobyhill
President Obamas proposed Buffett Rule-- which would force the wealthiest Americans to pay higher taxes to help cut the nations deficits -- has met its Republican match.
Republican lawmakers have introduced their own Buffett Rule that would allow billionaire investors like Warren Buffett who say theyre not paying enough taxes to voluntarily give more money to the federal government.
Under the legislation, authored by Sen. John Thune of South Dakota and Rep. John Scalise of Louisiana, taxpayers can donate at least a $1 to the Treasury fund for deficit reduction when they file their federal income tax returns starting next year.
If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal governments debt, they ought to have that right to do so voluntarily, Thune said. This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on Americas job creators.
(Excerpt) Read more at foxnews.com ...
Ball’s in your court, blowhards.
They only make believe they want higher taxes and still use their tax lawyers to evade paying. These fakers are just disgusting to me now.
Doug Edwards, the ex-Google employee that asked Obama to raise his taxes should write an extra big check during next tax filing season.
I like it. What’s Thunes legislative record? He and his family look like the Hollywood version of a First Family. Why isn’t he running?
Deficit solved, next problem.
Well-stated! HOORAY Republicans! WOOOOHOOOO!
Every obstacle currently preventing rich commie libs from dumping every penny they have into the U.S. Treasury to subsidize the Nanny State must be removed. I think we’d see fewer of them “checking into rehab” if we had this bill to help them with their guilt complex. The feds should be able to accept all of the commie libs’ money with no questions asked.
An okay symbolic gesture, I suppose. Of course, Buffett will first have to pay up on his past due tax bills dating back to 2007. I’m sure he’ll do so with no further delay.
Another gesture would be to slap a 20% surcharge on each and every elected representative (including the President) who supported (through vote or signature) any measure that resulted in the government spending over and above available revenue.
This would be called the VST (Value Subtracted Tax).
Or, if you prefer, the LIAR tax (Let’s Incentivize Acting Responsibly).
Just puttin’ ‘er out there for consideration.
Just what we don’t need-——more tax laws, to “simplify” things.
There is already a method to pay more to the govt.
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it’s a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Liberals don’t want to pay more taxes.
The liberal rich don’t want to pay more taxes.
They could but a check to government anytime they want and never do. They use tax lawyers and accountants to get every tax deduction and write off possible.
Liberals only want the middle and upper middle class to pay taxes, because that is where the revenue stream is greatest.
This is why conservatives or Republicans encompass the great mass of people making between $30K-$500K a year.
Democrats have two constituencies, the dirt poor and the super wealthy, and neither of those groups want to pay their taxes.
The fact that Buffet gets away with this crap is unbelievable - well - I take that back - with the left it’s business as usual.
He lies about his tax rate compared to his secretary - apples and oranges.
He could donate money to the treasury if he really wanted to.
He could pay that taxes he’s owed for years.
What an effing hypocrite and the MSM doesn’t bother to report it.
This sounds like Huckabee’s Tax Me More fund when he was governor and I’ve heard that it remained relatively empty of donations by big mouth leftist hypocrites.
This needs as much publicity as possible.
Please tell me, Ed, that’s not your P.O. Box.
Buffett can afford more than $1.00!
Put your money where your mouth is a##hats! That includes you....susan sarandon, micheal moore, alec baldwin, janine garafalo...oooh scratch that last one off she hasnt been funny in years let alone funny at all and she’s probably on food stamps and a free cell phne with 250 free minutes. Now we will see them all run
He said that he would pay 5% more in taxes with a rider, gladly.
He would pay it for 5 years and the Government would cut Actual Spending ( not growth in spending) by 5% across the board including entitlements.