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Senate Dems to Bring ‘Buffett Rule’ Up for a Vote on April 15

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By Doug Powers  •  March 25, 2012 08:19 PM

**Written by Doug Powers

Calling a vote for a tax increase on Tax Day? Next thing you know they’ll try to outlaw donut pillows and schedule the vote to coincide with National Hemorrhoid Awareness Month.

From National Journal:

Democrats will put the so-called “Buffett Rule” up for a vote on the Senate floor on Tax Day, said Sen. Chuck Schumer, who heads Senate Democrats’ policy and messaging shop, on Sunday.

The bill, which will be introduced by Sen. Sheldon Whitehouse, D-R.I., would require people who earn more than $1 million a year to pay at least a 30 percent tax rate. With little chance of passage, it will serve as a symbolic vote to show the Democratic position.

“If you are very wealthy, God bless you, you made a lot of money, we love you in America,” said Schumer, D-N.Y., on CBS’s Face the Nation. “But let’s be fair. You should pay more than your secretary, and that will be on the floor April 15, Tax Day.”

According to the Joint Committee on Taxation, if implemented, the “Buffett Rule” would only raise $47 billion over the next ten years.

To put that into context:

The Congressional Budget Office estimates that Obama’s 2013 budget plan would expand the deficit by $6.4 trillion over the next decade. The bill [Buffett Rule] would reduce that by 0.7 percent.

Speaking of budgets, the Dem-controlled Senate has now gone three years without passing one. They don’t have time for that, but they do have time for class theatrics on tax day.

Come on, Warren… just send it in already and help stop the insanity.

**Written by Doug Powers

Twitter @ThePowersThatBe

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