Patch's Poll: Do You Favor The So-called 'Buffett Rule'?

On Monday Senate Republicans blocked the president's proposal to increase taxes on the wealthy. Do you agree or disagree with this plan?

The so-called 'Buffett Rule' - a proposed minimum tax rate for millionaires named for billionaire Warren Buffett - failed Monday in a procedural vote in the U.S. Senate.

Republicans called the measure a divisive Democratic distraction from the nation's real problems that would not address the economy's real woes, reported FoxNews.com

"This legislation will do nothing with regard to job creation, with regard to gas prices, with regard to economic recovery," Sen. Jon Kyl of Arizona, the No. 2 Senate GOP leader, was quoted as saying on the website.

"Only around 210,000 taxpayers , a bit over 1 of every 1,000 , would face higher federal taxes if the measure were enacted, according to an estimate by one respected bipartisan research group," reported philly.com.

What do you think? Are you in favor of this change in the tax codes? Take our poll and add your thoughts in the comments.

Gene Bartholomew April 20, 2012 at 11:11 AM
I never said that.
Fred Young April 20, 2012 at 05:05 PM
Gene; Everytime I open my mailbox, there are several of your longwinded responses that all say the same thing. Your message is clear, many, many posts ago. I do not dispute your claims of corporate welfare, but you never address the generational social welfare that also must stop. How about cutting ALL foreign aid in half immediately? Start with Israel so we do not look prejudicial.
Gene Bartholomew April 20, 2012 at 06:28 PM
Good points Fred. Social welfare would not be needed as much if the greedy had not been so greedy. the issue is getting people to work, and you can't do that when there are no jobs. In good times however there are people who live on welfare and that must end, but corporate welfare has to end first. I also believe there needs to be a tax levy on corporations that move or have moved jobs overseas, without consumers that are employed there is no economy. as to foreign aid, read the book Confessions of an Economic Hitman, it describes our foreign aid system, which is basically set up to pad the pockets of Halliburton, Bechtel, Brown & Root and others, it is designed so that these certain corporations get the contracts for the foreign work, it is also designed so the host country can't repay it, so we the U.S. taxpayers do, that is what happened when you hear on the news that our "govt forgave the foreign aid owed by X country today". Those corporations still get paid, by us. Saudi Arabia is the only sucess story for them, Iraq is the latest failure, they try to get them to be "our ally", the issue with Hussein I believe was Iran/Contra, he was on board up till then, our bestest newest buddy, selling him weapons and the gas he used on the Kurds, but at the same time Bush was selling weapons to Iran, his enemy, iran/Contra. makes you wonder who the bad guy really is
wtfdrez May 25, 2012 at 03:13 AM
Oh, great Gene, Let's blame Bush. For the love of this country, focus!!! When Warren Buffett forks over a billion dollars to pay down the deficit than I'll listen to his "ideas". PDY~ I'm back and i gotta say trickle down does work. When Mr. or Mrs. Money bags makes a ton of money than he or she buys lots of cars, fancy houses, employees people to work in their houses and run their companies. They buy furniture .. they travel, they prosper and grow and SPEND their money, they stimulate the economy in a way that I could never... Sadly I'm not Mr. or Mrs Money bags but I will benefit in some way:) Please trust me when I say that I have never been employeed by a poor person. take care~
REVMAN June 07, 2012 at 02:48 PM
I have seen 100's of elections and NOTHING WILL CHANGE no matter what party gets in --TAXES will always go up the middle class will stay the same because of the way they vote-EVERYTHING IS AS IT WAS BEFORE ONLY DIFFERENT(day)


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