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Obama Looks to Bludgeon Romney With Buffett Rule

Or is that the 'Romney Rule'?

By Kevin Spak,  Newser Staff

Posted Apr 10, 2012 7:01 AM CDT | Updated Apr 10, 2012 7:49 AM CDT

(Newser) – On a recent White House conference call on the Buffett Rule, a reporter offered President Obama's staff an idea: Why not call it the "Romney Rule?" So far they haven't taken that suggestion, but they are giddy at the prospect of campaigning for the rule, which would ensure the wealthy pay at least 30% of their income in taxes, against Mitt Romney, who despite being fabulously wealthy pays only about 14% in taxes, the New York Times reports.

Obama will make the case for the Buffett Rule in a speech in Florida today, drumming up support ahead of the Senate's vote on it Monday. Republicans are almost guaranteed to block that vote, according to the LA Times, arguing that it is a political ploy that won't fix the budget. But the White House is stressing the idea that the rule is about fairness, notes Politico. "We’re not trying to say this solves all our economic problems, all our budget problems," a spokesman says.

President Barack Obama gestures as he speaks at The Associated Press luncheon in this April 3, 2012 file photo.
President Barack Obama gestures as he speaks at The Associated Press luncheon in this April 3, 2012 file photo.   (AP Photo/Pablo Martinez Monsivais)
President Barack Obama gestures as he speaks at The Associated Press luncheon during the ASNE Convention, Tuesday, April 3, 2012, in Washington.
President Barack Obama gestures as he speaks at The Associated Press luncheon during the ASNE Convention, Tuesday, April 3, 2012, in Washington.   (AP Photo/Carolyn Kaster)
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COMMENTS
Showing 3 of 70 comments
myflap.blow
Apr 10, 2012 3:27 PM CDT
I think they should call it the Dutch Oven Rule because when everyfuckingbody is in bed with each other and one farts under the covers, nobody can get out without some stink on em!  Then again, they all have their noses up each others asses so much they probably enjoy sucking the butt wind from each others toot dock.
serfinWI
Apr 10, 2012 12:30 PM CDT
 Every relentless wealth redistributionists and their programs are "the looters and their laws." Every new act of government futility and stupidity carries with it a benevolent-sounding titles. How 'bout instead of calling it the Buffett rule, (sounds like Charlie Rangel's promises soak-the-rich tax bill) name it the "Anti-Greed Act" to redistribute income and the "Equalization of Opportunity Act" to prevent people from starting more than one business (to give other people a chance). How 'bout this bill, my personal favorite, the "Anti Dog-Eat-Dog Act," aims to restrict cut-throat competition between firms and thus slow the wave of business bankruptcies. Why didn't Hank Paulson think of that?
serfinWI
Apr 10, 2012 11:58 AM CDT
Buffet rule=Obama version of Kristallnacht. Buffet rule is about Fairness, not tax cuts, deficit reduction, debt, Bush, or war.  If it's not fair, bring it down.
 

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