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