It’s Time For You Rich M’Fers To Pay Up! Obama To Propose “Buffett Rule” That Will Hike Up The Tax Rate On Wealthy Folks

- By Bossip Staff

It makes no sense for these millionaires to get all the tax breaks while the middle class is paying for everything:

President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.
A White House official said the proposal would be included in the president’s proposal for long term deficit reduction that he will announce Monday. The official spoke anonymously because the plan has not been officially announced.

Obama is going to call it the “Buffett Rule” for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers.

Buffett wrote in a New York Times op-ed piece last month that he and his rich friends “have been coddled long enough by a billionaire-friendly Congress.”

The measure would be in addition to $447 billion in new tax revenue that Obama is seeking to pay for his short-term spending and tax cutting plan to jump start the economy.

Republican House of Representatives Speaker John Boehner said Thursday he would oppose tax increases to reduce the deficit. Boehner has urged Congress’ deficit “supercommittee” to lay the groundwork for a broad overhaul of the U.S. tax code.

The panel has almost unlimited authority to recommend changes in federal spending and taxes and is working against a deadline of Nov. 23.

Boehner said the panel has “only one option, spending cuts and entitlement reforms,” a reference to massive federal benefit programs such as Social Security, Medicare and Medicaid.

You know these rich folks ARE NOT gonna be happy about this one!!

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Comments

  • wow

    Shika I’m sorry but u sound like u listen to rush limbnutz. It will not hurt them to pay more.since they have drained our pockets for decades. If they were such job creators why are so many people.still employed. This country is a joke. They r willing to tank America to make sure Obama fell. That is their goal. And you know.why everything Obama try to do they block it. Such as the stimulus bill republicans declined in fear that Obama would be doing the right thing and get this country out of this big mess that Bush and Henley dug is in. Why can’t.people.be. more.smarter than what they r.

  • debbie

    Shika are u seriously. I work just as hard as the next person. And for the little bit of money I do make to be taxed higher then a billionaire is ridiculous. These billionaires make enough that they don’t have to worry about how they are going to pay their mortgage or child care. When was the last time Bill Gates offered u a job?

  • Agreed

    @ Wow so true

  • amazed

    Shika ur crazy. The President is doing everything he can to make this country better. The republicans don’t want President Obama to succeed even if it is the right thing to do. When was the last time a billionaire offered u a job? Silly rabbit

  • MaverickLaw

    To whom much is given much is required

  • Teresa

    Obviously shika didnt read warren buffett’s piece. it will not hurt them in the least bit.

  • GodBlessesGoodSamaritans

    come on Shika use logic. if the rich are admitting higher taxes will not hurt their pockets who are we to say no. Obama is president of the rich,poor Americans and he is simple following through on what the people want.

    But in ur defence should this move turn out to cost us jobs it will be a rflection on the rich not the poor.

  • Sherry

    The greed of the rich is what has killed the economy, hopes and dreams of this country. Tax them, make these corporations create jobs/hire people. Bottom line. Enough is enough.

  • http://www.allurevision.com/?p=11522 Bill “Slick Willy” Clinton Cosigns Barack’s “Buffett Rule”…”I Think The President Is Doing The Right Thing” | AllureVision

    […] like President Barack Obama has some backers and cosigners for his plan to get the economy back on track: Former President Bill Clinton urged lawmakers on Capitol Hill to focus on stimulating growth in […]

  • http://ezout.info/celeb/bill-slick-willy-clinton-cosigns-baracks-buffett-rulei-think-the-president-is-doing-the-right-thing/ Bill ?Slick Willy? Clinton Cosigns Barack?s ?Buffett Rule???I Think The President Is Doing The Right Thing? | People In The News

    […] like President Barack Obama has some backers and cosigners for his plan to get the economy back on track: Former President Bill Clinton urged lawmakers on Capitol Hill to focus on stimulating growth in […]

  • http://www.celebrityfocus.net/bill-%e2%80%9cslick-willy%e2%80%9d-clinton-cosigns-barack%e2%80%99s-%e2%80%9cbuffett-rule%e2%80%9d%e2%80%a6%e2%80%9di-think-the-president-is-doing-the-right-thing%e2%80%9 Bill “Slick Willy” Clinton Cosigns Barack’s “Buffett Rule”…”I Think The President Is Doing The Right Thing” | Celebrity Focus

    […] like President Barack Obama has some backers and cosigners for his plan to get the economy back on track: Former President Bill Clinton urged lawmakers on Capitol Hill to focus on stimulating growth in […]

  • stupidvpeople

    Yeah…tax them higher…force them to hire more people….make no profits…what a joke….im a truck driver and this thought is stupid. You can’t force business to do this. We normal people are the problem. We are the ones who are too good to work in a factory…we all expect to be astronauts …grow up…learn your place in life…if you don’t like it…work harder …that is what the rich families did…it wasn’t just given to them…

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