While the Buffett Rule would certainly add some revenue, simplify things it would not.
FORBES: In State Of The Union Address, President Obama Calls For Tax Reform
But unlike your rich friends above, the Buffett Rule would turn your world upside down.
Another virtue of the Buffett Rule is that it exposes the craven hypocrisy of its opponents.
And yet, at the same time, by itself, the Buffett Rule solves no significant economic problem.
First, President Obama has made the centerpiece of his entire economic agenda the Buffett Rule.
Simply put, the Buffett Rule, even if enacted, does almost nothing to solve our deficit problem.
He then will anticipate, as he talked about today, the Senate taking action on the Buffett Rule.
For instance, President Obama has seized on the so-called Buffett Rule that calls for higher taxes for "wealthy" Americans.
The President said in September that the Buffett Rule or millionaires taxed would help stabilize the debt and deficits.
The recent talk of reviving the Buffett Rule is a perfect illustration.
FORBES: In State Of The Union Address, President Obama Calls For Tax Reform
The president has said that the Buffett Rule is not a specific proposal, but a principle for tax reform.
So, quips aside, we think the Buffett Rule is absolutely an important principle to apply to individual tax reform.
You also pay tax at 35 percent and have no Buffett Rule concerns.
Today, the President will make another pitch for the Buffett Rule, which he markets as a tax reform measure.
But the solution to that problem is to eliminate the step up in basis, not to introduce the Buffett Rule.
He was focused on talking about the need for Congress to act, the Senate to act on the Buffett Rule.
The president will spend the coming days advocating the so-called Buffett rule detailed in his budget, said White House officials.
The Buffett rule is rooted in the fairy tale that taxes on the wealthy are lower than on the middle class.
Now, next week, members of Congress are going to have a chance to vote on what we call the Buffett Rule.
Just like the Buffett rule is a principle that would inform tax reform, and we certainly hope tax reform goes forward.
Cantor's bill is widely seen as a Republican response to the so-called "Buffett Rule" backed by President Barack Obama and congressional Democrats.
Without the Buffett rule, more than 99 percent of millionaires will pay more than that and only about 4, 000 will pay less.
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Buffett Rule Fair Share Tax, as discussed in detail here, and denied any expenses to a U.S. business that relocates offshore.
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The Buffett Rule is a principle that has been put into legislation by Senator Whitehouse, and we support that, the President supports that.
We also have a strong difference of opinion on the Buffett Rule -- something the President has strongly supported, Mitt Romney has opposed.
In nearly every significant address since the AP speech on the Buffett Rule, on the manipulators of the oil markets Mr. Obama has revisited these themes.
Mr. Obama wants to enact the Buffett Rule to ensure that every "millionaire" pays at least a 30% federal tax on some definition of income.
"The Buffett Rule says that multimillionaires should pay at least the same percentage of their income in taxes as middle-class families do, " Biden said Thursday.
CNN: Romney condemns Obama's 'assault on our economic freedom'
The Buffett Rule was heavily discussed leading up to the start of the presidential debates, which is precisely why I never took it too seriously.
But then, that would be a serious policy idea, and the White House is mostly interested in the Buffett Rule as a political gimmick.
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