Think that’s unfair? So does Warren Buffett.
Right now, millionaires and billionaires have nearly the lowest tax rates they’ve had in 50 years, while everyone else picks up the tab.
So President Obama is asking Congress to pass a common-sense bill, known as the Buffett Rule, to fix the tax code and make sure that millionaires and billionaires pay at least the same share of their income in taxes as middle-class families.
The Buffett Rule would reduce the deficit while helping to pay for investments in education, clean energy, jobs, and other programs that will help our economy grow.
Many Republicans are dead-set against this common-sense step, so the unfortunate reality is that next week’s vote may not go our way.
But tax fairness is one of the defining issues in this election, and supporting this policy is one of the touchstones of this campaign.
Not only does Mitt Romney oppose the Buffett Rule, but he wants to protect special breaks and loopholes that help wealthy Americans like himself avoid paying their fair share—and he wants to shower them with even more tax breaks paid for by middle-class families and seniors.
If that’s not the kind of country you want to see for the next four years, do something about it now.
Join President Obama in urging Congress to pass the Buffett Rule.