Buffett Rule

The Buffett Rule, named after Warren Buffett, was a plan to increase taxes.^[1]

Background[edit]

The Congressional Budget Office, the Joint Tax Committee, and his own Treasury have already told President Obama that his Buffett Rule will not produce any significant revenue increase, about 0.1% of what Obama's own budget proposes to spend next year, and over the next 10 years, and about 0.3% of Obama's deficit this year.^[2]

References[edit]

1. ↑ Obama Tax Increase and the Buffett Rule: Fair to No One. Heritage Foundation (October 3, 2011).
2. ↑ Romney's Practical Vision vs. Obama's Left-Wing Extremism. Townhall (May 8, 2012).

See also[edit]

• Tax rates and revenue