The Buffett Rule, Tax Fairness and the 2012 Presidential Race
At the white house yesterday, President Obama continued his push for the “Buffet Rule.” That’s a proposal he says would require the very wealthy to pay the same tax rate as the middle class. The senate is slated to vote on the buffet rule next week. Everyone agrees it’s not likely to pass. The Obama campaign says tax fairness will be a central theme in the 2012 election. But congressional republicans call the measure a political gimmick. And advisers to GOP front-runner Mitt Romney say the president is just trying to divert attention from his economic record. As tax day approaches, a look at the fiscal impact and political implications of the debate over taxes.
principal research associate, the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution.
director, economic policy studies, American Enterprise Institute, economic policy advisor to the Mitt Romney campaign.
Director for Tax and Budget Policy, Center for American Progress
White House Correspondent, the Wall Street Journal