Buffett Rule Just A Gimmick, Says… Barack Obama!
Barack’s been hanging around Joe Biden too much, he’s starting to make comments that are honest but that hurt his own policies.
President Obama admits it: His proposed “Buffett Rule” tax on millionairesis a gimmick.
“There are others who are saying: ‘Well, this is just a gimmick. Just taxing millionaires and billionaires, just imposing the Buffett Rule, won’t do enough to close the deficit,’ ” Obama declared Wednesday. “Well, I agree.”
Just more election-year politicking from the President.
The politics of the Buffett Rule — it has no chance of passing when the Senate takes it up next week — are so overt that Obama’s remarks Wednesday were virtually indistinguishable from a section of his campaign speech in Florida on Tuesday.
Wednesday: “If we’re going to keep giving somebody like me or some of the people in this room tax breaks that we don’t need and we can’t afford, then one of two things happens: Either you’ve got to borrow more money to pay down a deeper deficit, or . . . you’ve got to tell seniors to pay a little bit more for their Medicare. You’ve got to tell the college student, ‘We’re going to have to charge you higher interest rates on your student loan.’ . . . That’s not right.”
Tuesday: “If somebody like me, who is doing just fine, gets tax breaks I don’t need and that the country can’t afford, then one of two things is going to happen: Either it gets added to our deficit . . . or, alternatively, you’ve got to take it away from somebody else — a student who’s trying to pay for their college, or a senior trying to get by with Social Security and Medicare. . . . That’s not right.”
If Warren Buffet didn’t “need” the tax breaks, he’s more than welcome to write a check to the IRS. I suspect they’d cash it with few if any complaints. And so could Barack and Michelle Obama. Why don’t they? They’re not interested in “the rich paying their fair share,” except as a political talking point.