“Buffett Rule”

The “Buffett Rule” Is The “Reagan Rule”, But Instead Cut Food Stamps: Republican Party Message To America!

Ronald 2 Comments

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!

A Great Campaign Line For Barack Obama In 2012: The “Romney Rule”!

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A great idea that is developing as a likely campaign slogan for President Obama and the Democrats in 2012 is to use the “Buffett Rule”, also known as the “Reagan Rule”, against Mitt Romney, the former Massachusetts Governor, if he ends up as the Republican nominee for President!

Romney is by far the wealthiest candidate, worth at least $250 million, and he has made it clear that he is opposed to the “Buffett Rule”, which would make millionaires and billionaires pay more than their staff members, and would be based on capital gains, not just income!

Romney, who laid off many employees as the head of Bain Capital, and has joked about being unemployed, having many Cadillacs, and boasted about increasing the size of his mansion, is against any more taxation of his wealth. despite the fact the he has paid a very low level of taxation and has seen his wealth multiply due to the Bush tax cuts.

He has also come out against the “Occupy Wall Street” movement as something dangerous, refusing to understand the purpose of the growing movement against corporate greed, which has decimated the middle class, exploiting home owners, pensioners, college students, and millions of people unemployed by the crooked, corrupt actions of Wall Street bankers and corporations!

Romney is really the exemplar of the GILDED AGE mentality, and Barack Obama is the PROGRESSIVE ERA, NEW DEAL and GREAT SOCIETY representative, and despite many who think that the Tea Party Movement, which wishes to take us back to the 19th century, is growing, in actual fact, the “Occupy Wall Street” movement could very well be the challenger to that reactionary group!

It could be the beginning of a new reform movement determined to take back the nation for the middle and lower classes, and out of the hands of the rich and powerful who have been exploiting us since the 1980s!

So utilizing what could be called the “Romney Rule” against Romney or any other Republican in the Presidential race of 2012, could be very effective as a political weapon!