The Buffett Rule is one step among many we need to take to keep investing in prosperity for all Americans without increasing the deficit so that everyone gets a fair shot and does their fair share.
Asking the wealthiest Americans to do their part is not class warfare — it’s just fair. Of course, Republican presidential candidate Mitt Romney opposes the Buffett Rule. Romney’s tax plan asks the middle class to pay for tax breaks for millionaires and billionaires that we can’t afford.
Even deep cuts in Social Security, Medicare and Medicaid are not enough to pay for Romney’s tax cuts and a defense buildup without a strategy behind it. That means there would be additional cuts to Head Start, local schools, Pell Grants that help students pay for college, and investments in our transportation and infrastructure. All these cuts would hurt the middle class.
At the very core of this debate — and this election — is a straightforward choice. We either can continue to level the playing field and make the investments that made the American middle class the envy of the world or we can keep giving tax breaks to the wealthiest, widen loopholes for big corporations, and stick seniors and the middle class with the bill. But we can’t do both.
While President Obama is fighting to restore economic security and fairness for the middle class, Romney is fighting to maintain the status quo so his fellow millionaires can keep taking advantage of loopholes in the system and doing less than their fair share. America will not thrive without a healthy and robust middle class. The idea of America is a country where anyone can achieve their dreams through hard work and responsibility.
If we are going to succeed as a nation, we must level the playing field so everyone has the same shot at success.
Liberal dissembling. The idea that "fairness" means picking winners and losers is dishonest and the type of politics we have so come to expect from the left that no one questions it anymore. A government that can pick tax winners and losers, financial winners and losers - is the same government that could more likely than not pick who lives and who doesn't. A "fair" government treats everyone equally. Fairness translates into an equal playing field, protected by a government that assures that liberty is preserved without a preference as to outcome. A truly "fair" tax is a flat tax. The more you earn, the more you pay. To proffer an argument that someone has benefited more than someone else and thereby should be held to a different standard of "fairness" is sheer nonsensical hypocrisy. If as a standard, private sector banks were to choose to whom they would lend money based upon a subjective standard and not a financial/business model this would rightly by viewed as a discriminatory business practice. Yet, the left continues to bombard America with a self-righteous false morality of "the rich should pay more because they benefited more". Save it for the stupid. I, for one, am not buying it.