Obama to propose 'Buffett' tax on millionaires

[MJ DeMarco]

The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday.

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[Kak]

Id vote for a regressive tax rate. You should get a discount for buying in bulk!

 

[TheAstonMartian]

Hmm, maybe if they shorten government spending on the military, they can use that money for good.

 

[Kak]

Not a chance in hell will it pass.

 

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[Rickson9]

It's not supposed to pass. It's a political tool to use against the Republicans in the next election.