Class Warfare!!Submitted by Amerianne on Sat, 09/24/2011 - 16:23
The mega rich say that the Buffett rule states that millionaires should have a higher tax rate than the middle class. Actually, that's NOT what it says. The Buffet rule actually says that no household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families. So why are many politicians crying class warfare? Because they are greedy. The Buffet rule would simply raise their taxes to be proportionately equal to their middle class constituants! How unnerving that must be for them, the poor dears. Lol!!
The president calls it "basic math," and I call it common sense: Millionaires and billionaires should pay their fair share to help us balance the budget and create jobs. We can't put it all on the backs of working families who are struggling to get by during these tough economic times.
But the influence of big corporations and the super rich is strong in Congress, and several senators - including Democratic ones - are already opposing this crucial effort.
The middle class has already paid plenty with declining wages, falling house prices, falling 401k's and pension plans, 9% unemployment, millions without healthcare, millions living in poverty. Don't let the super committee balance the budget on the breaking back of the poor and the middle class.
Send the Super Committee a message here: