Buffett Rule is a Tax on Job Creation

April 10, 2012

FreeEnterprise.com

Today, the President travels to Florida to officially sell the Buffett Rule.

It isn't part of a comprehensive plan to reduce the deficit, it has nothing to do with helping the millions of unemployed Americans find a job, Deborah Solomon of the Bloomberg View editorial board writes that the rule is "a distraction that further mucks up an already complicated tax code," and the Christian Science Moniter warns that the big White House push could backfire on Democrats. 

So what is this really about?

Bloomberg tells us it's about the White House targeting 400 people, since most high-income earners already pay a higher tax rate than middle and low-income earners without the Buffett Rule. It's class warfare.

The American Enterprise Institute's Kevin Hassett told Bloomberg that the rule is “basically just a back-door way to hike taxes on capital.” When you raise taxes on capital, you will get less investment and job creation.

Instead of political games, we need serious, comprehensive tax reform the encourages investment to boost economic growth, create jobs, and make America more globally competitive.


<- Go Back

 
 
 
  • Your Small Business

    Toolkits

    Printing and Shipping

    Take advantage of the Printing & Shipping Toolkit sponsored by FedEx to help grow your business.

     
  • Your Small Business

    Toolkits

    Purchasing & Inventory

    Take advantage of the Purchasing & Inventory Toolkit sponsored by Sam's Club to help grow your business.

     
  • Your Small Business

    Toolkits

    Online Solutions

    Take advantage of the Online Solutions Toolkit sponsored by IWS to help grow your business.

     
  • Your Small Business

    Toolkits

    Sales and Marketing

    Take advantage of the Sales and Marketing Toolkit to help grow your business.

     
  • Your Small Business

    Toolkits

    For Employers

    Take advantage of the Employer Toolkit to help grow your business.

     
  • Your Small Business

    Toolkits

    Government Contracting

    Take advantage of the Government Contracting Toolkit to help grow your business.

     
  • Your Small Business

    Toolkits

    Start Up

    Take advantage of the Start Up Toolkit to help grow your business.

     
  • Your Small Business

    Toolkits

    Finance

    Take advantage of the Finance Toolkit to help grow your business.

     
  • Your Small Business

    Toolkits

    Insurance

    Take advantage of the InsuranceToolkit to help grow your business.

     

Join Us Today

Joining the U.S. Chamber of Commerce is an easy choice to make and an investment that begins to pay off right away.