The Buffett Rule was brought up in Congress and all but one Republican voted it down. Many conservative pundits are feigning disgust at Obama’s nerve in trying to push for the vote when he knew that it would not pass. That response gets a collective yawn – what do you expect in the wild west culture of campaign capitalism? It is totally fair game to put ideas out there to see how the American public feel about them.
And the American public has spoken, they like the Buffett rule. Most Americans, including most Republicans think the Buffett Rule is a good idea according to the latest CNN poll. The Buffett Rule is one that puts in place a tax floor rate of 30% for those earning a million a year or more. Buffet wrote a poignant op-ed piece which argued that he should be paying at least the same tax rate as his secretary.
Republicans in Congress voted against the wishes of most Americans. The meme that Democrats have used is, “everyone should pay their fair share” – and it is a good one. It honestly reflects what people feel in their gut and is true to progressive principles. If you polled all Americans on that idea – if everyone should pay their fair share – you would probably get close to 100%. Fairness is part of the basic idea America was founded upon.