Tuesday, April 10, 2012

The Tax Debate Cometh: bring it on!

Given that Americans across the country will be filing their tax returns this week, don’t be surprised if the issue of taxes takes center stage in the political debate.’

Indeed, Democrats are emphasizing tax fairness and the so-called “Buffett Rule.”

So the Obama campaign  held a conference call yesterday (with Sen. Dick Durbin, and Wisconsin Senate candidate Tammy Baldwin) demanding that Mitt Romney explain why he opposes wealthy Americans paying a lower effective tax rate (due to their investment income) than folks in the middle class.

On Tuesday, President Obama (as opposed to candidate Obama) will deliver a speech in Florida on the Buffett Rule. (We’ve now reached the point in the election cycle where the White House and the campaign are holding back-to-back events on the same issue).

While Democrats will be emphasizing tax FAIRNESS, Republicans will be stressing that such talk amounts to tax HIKES. The top communications aide to Senate Minority Leader Mitch McConnell fired off this email this morning: “How many jobs would the Buffett Tax create? How will the Buffett Tax ease the pain at the pump?”

(info source)

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