At AP, Only One of Five Articles on ‘Buffett Rule’ (Today’s) Notes That It Would Raise Just $5 Billion Per Year

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At AP, Only One of Five Articles on ‘Buffett Rule’ (Today’s) Notes That It Would Raise Just $5 Billion Per Year

April 15th, 2012

FAKE NEWS for the Zionist agenda

April 10, Ken Thomas (“Who’s the Rich Guy? Obama, Romney duel over status”) —

Obama, making a middle-class pitch in wealthy Florida enclaves, opened a new push by Democrats on Tuesday to increase taxes on millionaires, emphasizing a fight with Republicans. The proposal stands little chance of passing in Congress but serves as a stark general election contrast with Romney.

April 11, unbylined (“Obama to press ‘Buffett Rule’ tax pitch”) —

President Barack Obama is pressing his pitch for the so-called Buffett Rule.

The president is scheduled to deliver a morning statement on the rule named for billionaire investor Warren Buffett. It argues that wealthy taxpayers should not pay taxes at a lower rate than middle-class wage-earners.

April 12, Holly Ramer and Brian Bakst (“Biden: Romney is out of step with American values”) —

Biden also opened a new line of attack, introducing the “Romney rule” and contrasting it with President Barack Obama’s push for the so-called “Buffet rule” to force rich people to pay more of their income in taxes.

The measure, named after billionaire investor Warren Buffett, says the wealthy should not pay taxes at a lower rate than middle-class wage-earners. In contrast, Biden said Romney not only wants to make Bush-era tax cuts permanent but also would give the wealthy additional yearly tax cuts worth more than the annual income of a typical middle-class family.

“It amazes me. He offers this prescription as if it is somehow a new idea – like it’s something that we haven’t seen,” Biden said. “Folks, you’ve seen the movie. It doesn’t end well. Where has he been? Could it be he’s out of touch?”

Biden said Romney wants to take the nation down the same road that led to economic recession.

April 14, unbylined (“Obama says US can’t afford tax cuts for richest”) —

President Barack Obama says the nation can’t afford to keep giving tax cuts to the wealthiest, “who don’t need them and didn’t even ask for them.”

… Obama is using his weekly radio and Internet address to urge Americans to ask their member of Congress to support the “Buffett Rule,” which is named after billionaire investor Warren Buffett, who says he pays a lower tax rate than his secretary.

The plan would require that people earning at least $1 million annually, whether in salary or from investments, pay at least 30 percent of their incomes in taxes.

April 15, Alan Fram (“Long political fights ahead over dueling tax plans”) —

Senate Democrats later this year may hold votes tied to President Barack Obama’s “Buffett rule,” using his idea of a minimum 30 percent tax on the wealthiest to raise money for proposal to create jobs and keep student loan rates from rising.

With trillions in tax cuts dating from President George W. Bush set to expire in January, House and Senate leaders also are considering campaign-season votes on extending popular parts of those reductions, such as preventing the $1,000 child tax credit from being cut in half.

… Yet the measure would raise just $47 billion over a decade, a smidgen of the $7 trillion in federal deficits expected during that time.