This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

explain in plain English the effect of The Buffett Rule.

Created by N.L. on April 06, 2012

Public statement on whitehouse.gov leaves out key explainations behind the reasoning for The Buffet Rule and the implementation.

* "Warren Buffett, for example, pays a lower effective tax rate than his secretary, and that’s not fair."

Why is it not fair?

* "Anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead—not just a few."

How does taxing some people more help others get ahead?

* "The Buffett Rule would limit the degree to which the best-off can take advantage of loopholes and tax rates that allow them to pay less of their income in taxes than middle-class families."

How would it?

Please explain the motivation behind this in clear language.

Economy & Jobs
Return to top