“NO” on the Buffett Rule

Next week, the Senate is likely to vote on the so-called “Paying a Fair Share Act of 2012” (S.2230), commonly known as the Buffett Rule.

This bill is a distraction at a time when federal spending is ballooning out of control, our credit rating has been downgraded, and our unemployment rate remains unacceptably high.  Worse, it would actually hurt job creation. Taxes on those who have been successful simply disincentivizes success and stifles economic growth.

As many pundits – on both sides of the spectrum – have observed, the Buffett Rule is nothing more than a political “gimmick” disguised as “fairness.” The country needs serious solutions to address our spending problems, not consultant driven political gimmicks. 

Heritage Action opposes the Paying a Fair Share Act and will include it as a key vote on our scorecard.

Related Links:
Heritage Action’s Scorecard
Obama Tax Increase and the Buffett Rule: Fair to No One
Driving the Week: The Buffett Rule Cometh
Morning Bell: Buffett Rule 101