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American Crossroads Takes Aim at Buffett Rule

American Crossroads Takes Aim at Buffett Rule

Both political parties find themselves engaged in a fierce battle over taxes. Republicans successfully maneuvered their way to extending the Bush tax cuts nearly two years ago. Now President Barack Obama wants to set a minimum tax rate on the richest of Americans, calling it the ‘Buffett Rule.’ Karl Rove’s American Crossroads SuperPAC is now setting its sights on the president’s proposal, asking Facebook users to sign a petition that reads:

President Obama and Warren Buffett are deeply troubled by how low their taxes are. Nothing is stopping them from paying more in taxes voluntarily. Sign the petition to encourage Obama and Buffett to put their money where their mouths are when it comes to the “Buffett Rule”.

Besides the poorly constructed wording of the petition, it tries to highlight a supposed hypocrisy in the advocacy by the two men. It uses low-effort thinking that runs rampant in conservative ideology and allows Republican strategists to distort facts for their gain.

The United States treasury does allow people to “donate” money. That misses the point, however, of the Buffett Rule that conservatives are fighting against. The rule would merely place a floor for the richest 450,000 Americans. These are people who make their money through investing and pay capital gains taxes instead of income taxes like working class Americans.

That’s why President Obama proposed the Buffett Rule, asking millionaires and billionaires to do their fair share. But if you’re one of the 98 percent of American families who make under $250,000 a year, your taxes won’t go up.

Are you even close to making $250,000 a year? Probably not. The median household income in the United States hovers around $50,000. A poll conducted by CBS News/New York Times in January found about 52 percent of people believe investments should be taxed at the same rate as earned income. Presidential candidate Mitt Romney paid less than 14 percent on his $21.7 million that he made in 2010. At the current moment, the rich are paying the lowest rate since 1980. Under the Buffett Rule, Romney’s tax rate would have been 30 percent.

This will be just the first glimpse in the super PACs multi-million dollar campaign to unseat the president.

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Photo is a screenshot of American Crossroads petition.

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4:45PM PDT on Apr 11, 2012

I liked President Obama's reply to Crossroads. Okay we won't call it the Buffet rule we'll call it the Reagan Rule since he believed in tax fairness for all. Way to Mr. President.

4:41PM PDT on Apr 11, 2012

John H===OMG, Bush did start the wars; congress gave him the authorization, hoping he would use it to put pressure on Iraq, not attack it. Obama criticized Bush on attacking Iraq, because he said it was the wrong war, not on attacking Afghanistan We had Osama Bin Laden trapped in the caves of Tora Bora, and if President Bush hadn't pulled away the forces to launch in ill advised war against Iraq, Afghanistan could have ended pretty quickly. As far as the raising the debt ceiling, would you care to venture how many times Reagan and Bush raised it? If Clinton could come back, I would agree that would be wonderful. However, you have to have a Republican party that is willing to compromise. I will say I disagreed with President Obama allowing the military to convince him to send in all those troops into Afghanistan. I believe we are wasting lives and national treasure that we can not afford. I think Joe Biden was right, and we should have relied more on special forces, and a smaller footprint.

4:19PM PDT on Apr 11, 2012

John B. bush didnt start the wars congress approved of bush going to war and while obama was a senator he bashed bush on the war and raising the debt ceiling . since obama has been president were still in a war which obama could have ended the day he took office and obama has raised the debt 3 times now . also i would be the 1st to say bring clinton back he had a way of being able to work and compramise with the gop.

3:47PM PDT on Apr 11, 2012

But that makes too much sense Adam S.

3:46PM PDT on Apr 11, 2012

***Low-effort thinking --- There's a study out about low-effort thinking being linked to conservative ideologies***

Yes and it's a very humurous fiction piece.

12:18PM PDT on Apr 11, 2012

John H, I agree Unemployment and food stamp benefits are different from the Buffet rule; and that there are abuses. I also agree the system has been broken for a long time. However, I disagree on President Obama is only good at is blame. We will have to agree to disagree on that. President Clinton left this country with a surplus. President Bush came in, started 2 wars, and cut taxes. No other president has ever done that. This is where the deficit problem started; and this is where it needs to get fixed. Put taxes back to where they were under Clinton, and get the heck out of these wars. We simply cannot afford to police the world.

11:51AM PDT on Apr 11, 2012

Or maybe we could simply lower everyone elses taxes and cut govenrment spending? Only an idea.

11:36AM PDT on Apr 11, 2012

My comment got cut-off, so the last of it is here:

Dear Mr. Krager (author of this article):

Sixth, when the Buffet Rule takes affect, it will only take in 5 billion dollars per year, and we have a 16 TRILLION DOLLAR DEFICIT, so it will take approximately 3000 years to pay off that deficit! So, my Conservative "low-level thinking" tells me that this is merely A CAMPAIGN GIMMICK!

Seventh, you are SO PETTY and/or HATEFUL as to critique a 3 sentence petition?!? So they put the "period" outside the quotation marks - OH, THE HUMANITY!! I don't think the country will survive that!!

Eighth, I'm sure MY commentary is full of "poorly constructed wording" - so please feel free to tell me about it.

But what do I know about ANY of this? I'm just a lowly "low-level thinking" Conservative hobbit - AND PROUD OF IT!

11:31AM PDT on Apr 11, 2012

John B. Unemployment and food stamp benefits are different from the buffet rule. Unemployment and food stamps are there to help people but in some cases they get abused . The downgrade was not the fault of the tea party it was the fault of a system that's been broken for sometime . The only thing Obama can do really good is blame because that's the easiest thing to do .

11:27AM PDT on Apr 11, 2012

Dear Mr. Krager (author of this article):

My comments continued:

Third, has your "low-effort thinking" blocked your ability to do some RESEARCH into your BELOVED Mr. Buffet? Let a Conservative ENLIGHTEN YOU. Mr. Buffet has been FIGHTING the IRS for the past TEN YEARS ABOUT TAXES HE REFUSES TO PAY!! MR. BUFFET NOW OWES THE IRS CLOSE TO ONE BILLION DOLLARS - AGAIN, WHICH HE REFUSES TO PAY!!

Fourth, this "low-effort thinking" "study" you refer to in this article as a SLANDER against Conservatives is just ANOTHER example of a group of people (Leftists/Progressives/Socialists/Democrats/Communists) who think a little too highly of themselves. If you read between the lines of that "study," the supposed "low-effort thinking" is simply COMMON SENSE. Contrary to what the group of people I mentioned previously think, COMMON SENSE IS SOMETHING THAT PEOPLE NEED TO USE MORE OFTEN - ESPECIALLY OUR ELECTED OFFICIALS!

Fifth, HYPOCRISY IS HYPOCRISY! It doesn't take "critical-thinking" to recognize HYPOCRISY!! Well, maybe for you, but not for Conservatives! COMMON SENSE!

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