The “Buffett Rule”, the idea that those who earn more than a million dollars a year should pay a tax rate of 30 percent, more than their secretaries and other workers, was defeated in the Senate on a party line vote on Monday, with only Susan Collins of Maine voting with Democrats, and Mark Pryor of Arkansas voting with the Republicans, and 60 votes needed to overcome a filibuster being unable to be accomplished.
Of course, the “Buffett Rule” is really a restatement of the “Reagan Rule”, the assertion of the 40th President that one should not expect an employee to pay a higher level of taxes than his or her employer. It is an embarrassment to the GOP of 2012, that they are actually defying their icon, their god, their “savior”, who they claim to be following and worshiping, but only when they choose to follow his lead. The fact that 72 percent of the American people in polls support the “Buffett Rule” has no effect at all on the Republicans, as they argue that $50 billion over ten years collected if the “Buffett Rule” went into effect is a “drop in the bucket”!
Meanwhile, the Republicans wish to cut spending on food stamps, the main source of funding for nutrition for poor families, attacked as socialism, but they insist that cutting it over ten years, saving $33.2 billion, is substantial, and must be done as part of the Paul Ryan budget plan in the House of Representatives.
The Republican Party has no conscience, as they are willing to take from the poor to give more tax cuts to the rich. They are Robin Hood in reverse, with no second thoughts!
So 4,000 families will benefit from the defeat of the “Buffett Rule”, while $46.4 million Americans, who are already dependent on food stamps for survival will see an 11 percent cut in monthly benefits after September 1.
The long term unemployed, who lost their jobs through no fault of their own, will now suffer even worse, as we now live in a society in which government leaders do not care about what hunger means, and do not care about the desperation of millions left behind, a large percentage of them children and single mothers, as long as the elite continue to get tax cuts!