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Wednesday, April 11, 2012

The Buffet Rule: The Nation magazine

The Nation is in Cahoots with a liberal Democrat Tammy Baldwin. They published a letter from her which complains about the rich paying lower taxes than the middle class.

Others have ably explained that falseness of this, so all I wish to make note of is that Ms. Baldwin's solution is not to lower taxes on the middles class, it is to RAISE taxes on the rich.

Apparently, "tax fairness" is to make sure everyone is paying the highest rate possible.

Dear Fellow Progressive,

Every day millions of Americans wake up facing a choice between making a mortgage payment or saving for their kid's college fund. They're dipping into their retirement funds to pay for necessities like groceries and gas.

While middle class Americans struggle every day to make ends meet, millionaires and billionaires game the system to pay a far lower tax rate than families with a modest income.

But this Tax Day, we have an opportunity to change all that. I'm standing with President Obama, and a coalition of tens of thousands of progressive, grassroots activists who are calling for passage of the Buffett Rule for Tax Fairness -- because its common sense.

The Buffett Rule is named after billionaire investor Warren Buffett, one of the richest people in the world. Having endorsed our plan, he frequently notes how wrong it is that he pays a lower tax rate than his secretary. And it's true -- many middle class families pay up to double the rate paid by this billionaire.

Right now, the wealthiest one-tenth of the 1% benefit from their own set of rules. But nobody should get to duck paying their fair share of taxes just because they have an expensive accountant or know how to work the system. It's not fair, and it's time to right this wrong -- you can help! Add your name next to Warren Buffett's on our petition and join the call for tax fairness!

In the next few days, the Senate will vote on the Buffett Rule. We must send a strong message to let everyone know just how committed we are to leveling the playing field between the super-rich and middle class families. For too long in America, there's been two tax systems: one for the middle class and another for the very wealthiest. It's time for everyone to start paying their fair share.

Thanks for all you do,


Tammy Baldwin

Paid for by Tammy Baldwin for Senate

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