'Buffett Rule' Could Create Unintended Consequences

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This is a dishonest article, to suggest that "The provision could create unnecessary complexity, raise little revenue" is a outright lie since it was a suggestion not yet fleshed out.
Right now a half dozen billionaires are paying to own the GOP nominee. If these fat cats want to be able to buy an election we should make certain that they are paying taxes.
So to bring back fairness is a good thing and to tax the billionaires and corporations currently who don't pay any taxes at all is the right thing to do.
So we can only the unintended consequences are to take the corrupting influence of money out our elections.

Ron of LA 6:53PM February 23, 2012

As always Obama is an idiot. He and his party engage in race & class warfare. He panders to his money base and in doing so short changes America. How? Keystone pipeline (No world wide evidence with other oil pipe lines to support any contamination of ground water any where), Obama wants to increase the capital gains tax even though he knows it will actually decrease the Tax return to the Fed itself why? He says cause its JUST FAIR. We need a president who actually understands that Capitalism isn't the problem but the solution. Not a one time community organizer who is a socalist. People wakeup before its to late. Kick him out.

peter of WV 3:28PM February 05, 2012

Maybe the country should bring back war bonds.
Or better yet the US should have a goods and service tax.

g of PA 11:44AM February 01, 2012

As a writer I assume you didn't take an economics class. To tax the American public in an honest and fair way, it seems unfair to give a tax break to wealthy Americans and make average to poor Americans pay more in taxes.

Joe Jorgensen of MO 9:23PM January 29, 2012

The reason Obama has a beef with Buffet for paying less than his secretary is because Gates and Buffet put their money in a charitable trust. The only possible answer to the Obama quandry is to tax 100% of charitable trust assets not in charitable operations at the end of each year. i.e all investments taxed at a 100% rate. Bam problem solved. The gates and Buffets of the workd gave away the m...oney right? What do they care. Now you know the reason and the problem an d the answer to the chief Obama example Obama uses to promote class warfare of stealing from the rich and making more poor. "Thou shalt not steal?" Moses repeated what he heard from God and has been repeated by Jesus God's Son, our Saviour.

NormanDeArmond of CA 3:26PM January 28, 2012

Gee, what a shock, raising taxes won't even come close to solving our budgetary problems. Anyone who understands basic economics already knows that. We spend ten billion dollars A Day. The only way we are going to get out of this hole is with serious spending cuts and entitlement reform but don't count on our gutless self-serving Washington politicos to actually do their jobs and do that. They're too busy taking free trips to Hawaii.

Scott of IL 6:53AM January 28, 2012

So what if this is just a small percent of the deficit? You need to make $10,000 before you can get to $100,000. Unbelievable what excuses those not willing to play their part can come up with to get away from paying more taxes.

jeff w of NJ 10:13PM January 27, 2012

Absurd responses like these from Tax think tank lobbyists are just more nonsense we need not pay attention to (even if they pay to get their talking points printed here). The only unnecessary complexity is listening to gobbligook from these hacks who basically oppose economic patriotism.
The 'Consequences' would raise revenues from the people who have rigged the tax system to avoid supporting this country for too long.

Ron of LA 9:03PM January 27, 2012