Difference between revisions of "Buffett Rule"
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| − | The | + | The '''Buffett Rule'', named after [[Warren Buffett]], was a plan to increase taxes<ref>{{cite web |last1=Dubay |first1=Curtis S. |url=http://www.heritage.org/research/reports/2011/10/the-buffett-rule-fair-to-no-one |title=Obama Tax Increase and the Buffett Rule: Fair to No One |work=[[Heritage Foundation]] |date=October 3, 2011 }}</ref>. |
| − | See | + | ==Background== |
| + | The [[Congressional Budget Office]], the [[Joint Tax Committee]], and his own [[U.S. Treasury|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<ref>{{cite web |last1=Ferrara |first1=Peter |url=http://townhall.com/columnists/peterferrara/2012/05/08/romneys_practical_vision_vs_obamas_leftwing_extremism |title=Romney's Practical Vision vs. Obama's Left-Wing Extremism |work=[[Townhall]] |date=May 08, 2012 }}</ref>. | ||
| + | |||
| + | ==References== | ||
| + | <references/> | ||
| + | |||
| + | ==See Also== | ||
*[[Tax rates and revenue]] | *[[Tax rates and revenue]] | ||
| + | |||
[[Category:Taxation]] | [[Category:Taxation]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Obama Criticism]] | [[Category:Obama Criticism]] | ||
Revision as of 00:05, June 19, 2015
The 'Buffett Rule, named after Warren Buffett, was a plan to increase taxes[1].
Background
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
- ↑ Obama Tax Increase and the Buffett Rule: Fair to No One. Heritage Foundation (October 3, 2011).
- ↑ Romney's Practical Vision vs. Obama's Left-Wing Extremism. Townhall (May 08, 2012).