The Buffett Rule Ruse
Senate Republicans shot down the so-called Buffett Rule taxing scheme last night with a largely party-line vote, but whether they won any long-term electoral points with the short-term victory to block debate on a measure that would have triggered a minimum effective tax rate of 30 percent for anybody earning $1 million or more a year is debatable.
Even Democrats who support the Buffett Ruse openly concede it would do little to address the nation’s untenable debt burden; but that’s not the point, and never was. Democrats simply wanted to toss it our there as fodder for what is gearing up to be the overriding theme of The One’s reelection bid: class warfare. And for good or ill, the GOP’s principled stand in defeating the Buffett Rule effectively gives Obama a tool distract voters from his abject failings to address the country’s financial crisis.
Never mind the giant hole we’re stuck hip deep in; look at this glittery ball over here, shiny and bright and loaded with promise of more government programs that would benefit the downtrodden if only the greedy 1%ers – read Romney, et. al. – would pay their “fair share.”
That’s not just cynical opinion; that’s straight from the Obama playbook, as evidenced most recently by Labor Secretary Hilda Solis when she told the National Action Network (Al Sharpton’s group, if it doesn’t ring a bell) that the American dream becomes whole when allegedly rich Americans realize they have to pay more taxes to produce more government services:
The Democrat message coming off last night’s Buffett Rule vote will be used to reinforce what has been the main talking point of Obama’s tenure, which is that the rich need to pay their “fair share” to help our country prosper. Will that be enough to convince voters to stay the course? Don’t know; but polls show a large majority apparently buying into the ruse, with support for the Buffett Rule topping 70 percent of folks surveyed. Which is a foreboding number when you consider the taxing ruse would do nothing to address the problem it purports to solve, as CNBC analyst Rick Santelli nearly blows a gasket trying to explain:
But solving problems is not what the Buffett Rule, or the Democrat Party, is about. The goal is to spin a tale that fosters class envy with the aim of reelecting Obama, nothing more and nothing less.
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