A Call for Fairness in the Tax Code
http://thedianerehmshow.org/shows/2012-01-30/call-fairness-tax-code
Last week in his State of the Union address President Obama called for tax reform to ensure fair play. He proposed what he called a Buffett Rule: a minimum federal income tax of 30% for people making over $1 million. Republicans say he’s pushing class warfare and stifling economic growth in a period of weak growth. GOP presidential hopeful Mitt Romney is facing criticism for both how he made his enormous fortune and for his seemingly low tax rate, but, as many analysts point out, most households pay at an even lower rate. Please join us to discuss the tax rates and he economy.
Guests
Alice Rivlin
senior fellow, Brookings Institution, vice chair, Board of Governors, Federal Reserve System (1996-99); director, White House Office of Management and Budget (1994-96); and founding director, Congressional Budget Office (1975-83).
Stephen Moore
member of the Wall Street Journal's editorial board.
Jared Bernstein
senior fellow, Center on Budget and Policy Priorities; former chief economist and economic policy adviser for Vice President Biden.
David Leonhardt
Washington bureau chief, The New York Times.
Comments
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Opal wrote:
"I was hoping someone on your panel would bring up the point that if corporations are "people" under the law, then Warren Buffet's income is separate and apart from any corporation in which he is a stockholder"
CU v. FEC dealt with speech not taxes. Your statement is complete non sequitur.
And as for the weakling vs. Chicago Bears analogy and the suitcases, the Bears are already carrying the lion's share of the weight!
Which always begs the questions, "how much is enough"? and, "what gives government the right to simply confiscate more and more wealth to fund its profligate spending"? These things are IMMORAL in a country like ours.