Why do cons oppose the Buffett Rule?

Question

http://www.nytimes.com/2011/09/18/us/politics/obama-tax-plan-would-ask-more-of-millionaires.html

The Buffett Rule is the principle that extremely wealthy individuals should not be able to use tax loopholes to pay a lower effective tax rate than people who make less than they do (so named because of Warren Buffett's iconic criticism that, as a billionaire, he pays far lower rate on his earnings than the people who work for him, thanks to a billionaire-friendly tax code rife with tax breaks and loopholes for the wealthy).

Obama has made his plans to propose a Buffett Rule (forcing people of a certain income to pay a certain minimum tax rate at least equal to those of the middle class, regardless of loopholes and breaks they capitalize on) for the tax code; Boehner immediately countered by saying that savings should be taken out of things like cuts to Medicare and Social Security rather than closing tax loopholes.

Why do cons oppose the rich paying their fair share? Note, mind you, that this is NOT a proposal to force the rich to pay more - it's a stipulation that the rich can't cheat and dodge their way out of paying at least the same taxes as the middle-class - something that appears to alarm Republicans.

Answer 1

If we went to a flat tax with no exemptions, we wouldn't have this problem in the first place.

Answer 2

a million. Why hasn't Buffet paid his very own tax's ? 2. The Buffet rule could in basic terms enhance 31 billion income step with year So its no longer love that's something different than a pointless classification war attack against the wealthy 3. As MSNBC mentioned this week interior the U. S. the wealthy pay a a great way better share of tax's, than in the different western united states of america

Answer 3

Most conservatives do not oppose the Buffet rule, it's those morons in Congress who continue to embrace this issue, and it will cost them dearly even among their own constituency.



The money that will be taxed is personal income, not corporate revenue. this has nothing to do with creating jobs, besides what has taxing income have to do with all the millionaire Hollywood types, sports figures like Derek Jeter, Aaron Rogers, or Tony Romo, or the myriad of golden spermies like the Rockefeller's, Trumps, Busch's, it is income that should be taxed and at an equitable rate as most others.

Answer 4

Buffet is rich, I am a progressive, therefore I am ordered by Obama to hate Buffet. Hey look I am a Hypocrite and an idiot just like you.

Answer 5

Cons are trying to strangle government by cutting off all sources of revenue to it.

The Buffett rule is a fair one and the additional revenue could help to offset our national debt.

Answer 6

Buffet is a show boat and talks out of both sides of his month he is also fighting tooth an nail to keep from paying back tax's our government says he owes to the tune of one billion dollars

He has said he will leave nothing to his children wonder how they feel about that and if he is really going to do it

Answer 7

Who made Warren Buffet the sole spokesman for the rich?





And who decides what a "fair share" is?

Answer 8

I can't go to Golden Corral every night.

Answer 9

Warren Buffet has something most con don't have COMMON SENSE.

Answer 10

Because it is class warfare.