Buffett Rule

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


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].


  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 08, 2012).

See Also