Did anyone seriously think the ‘Buffett Rule’ was going anywhere in the 'protect the wealthy’ Republican congress?
For those not familiar with the Buffett rule, it would implement a fairer tax system, such that wealthy individuals would be required to pay the same or close to the same tax rate as the rest of us – or for example, as Buffett's own secretary, who pays a 33% tax rate compared to the 17.4% rate that Buffett pays.
And you know who else pays a much lower rate than the rest of us? Why, Mr. RMoney of course: Romney pays a tax rate of 13.9% – even less than Buffett's tax rate. I guess that explains why he is the Repubican nominee.
According to the New York Times:
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.
According to a CNN Survey of 1,015 Americans, including 910 registered voters, nearly three-quarters – 72% – of Americans say they support the idea.
Then why is it that Republicans continue to protect their rich friends? Do they really believe anyone buys their trickle-down-economics rhetoric (except for Fox News' watchers)?
72% of American’s don’t buy what the Republicans sell, but Republican are counting on their rich friends to make sure that come November a majority of Americans are convinced the Buffett rule is bad and so is anything that harms the pockets of the wealthy and the big corporations. How? By funding those Super PACS whose existance was authorized by the US Supreme Court in a ruling that basically states that corporations are people. In the fight against the political machine, we, the people, keep losing.