Political Pistachio

Blog Home of the Writer and AM and FM Radio Host, Douglas V. Gibbs.
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Wednesday, April 18, 2012

Buffet Rule Loses in the Senate


Obama's Buffett Rule fails, ALG responds

April 17, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement on a failed vote in the Senate to increase the capital gains tax to 30 percent for anyone who makes more than $1 million a year:

"Now that the Buffett rule has failed to go anywhere, it is time for Congress to enact real reform of the tax code. The irony is that it never occurred to Obama to cut the taxes of Buffett's secretary. For all the talk of so-called 'fairness,' what about flattening the tax code to a lower rate for everybody? What would be fairer is for everyone to pay less. The government's just going to waste all of our money on boondoggles and bailouts anyway."


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