Tuesday, April 17, 2012

U.S. Rep. Dave Camp says "Buffett Rule" a job killer


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U.S. Rep. Dave Camp, R-Midland, is calling for reforming the tax code after the Senate's procedural vote on the so-called "Buffett Rule." The "Buffett Rule," which would set a minimum 30 percent tax on the country's wealthiest, was proposed last year by President Barack Obama. According to the White House, the "Buffett Rule" is a simple principle that everyone should pay their fair share in taxes, meaning no household making more than a $1 million should pay a smaller share of their income in taxes than middle-class families pay, and for the 98 percent of American families who make less than $250,000, taxes should not go up. “President John F. Kennedy once said that the soundest way to raise revenues in the long run is to cut the tax rates now," Camp said in a release. "Apparently, modern day Democrats just don’t see it that way."

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