Tag Archives: Warren Buffett

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Their Fair Share by the Numbers …Joan Entmacher, National Women’s Law Center


Tired of fighting cuts to programs that women and their families depend on in the name of deficit reduction — while millionaires and billionaires haven’t been asked to contribute an extra penny? Think it’s time for millionaires and billionaires who pay lower tax rates than many middle-class Americans to start paying their fair share?

Take Action: Tell your Senators to support the Paying a Fair Share Act of 2012!   WWW.NWLC.ORG

On April 16, we expect the Senate to vote on an important piece of legislation, the Paying a Fair Share Act of 2012 (S. 2230). The bill would ensure that those with incomes over $1 million annually pay at least 30 percent of their income in federal taxes. The legislation, introduced by Senator Sheldon Whitehouse, was inspired by billionaire investor Warren Buffett, who highlighted the unfairness of a tax system that permits him to pay a lower tax rate than his secretary.

It’s time for this absurdity to stop. We can’t afford to continue lavish tax breaks for the wealthiest Americans. To help demonstrate the real cost of tax breaks for millionaires, we’ve put together a new infographic:

That’s right. This year, the average millionaire gets a tax break of $143,000 — enough to support child care assistance for 24 children, Pell Grants to 37 college students, or a home-delivered meal each day for 249 seniors.

This is a tradeoff we can’t afford to make any longer. Please share our infographic today and urge your Senators to support the Paying a Fair Share Act of 2012!

Sincerely,

Joan Entmacher Vice President,

Family Economic Security National Women’s Law Center

P.S. Please help us continue to advocate for policies that protect and improve economic security for women and their families by making a generous donation today.

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White House White Board: The Buffett Rule explained


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In this installment of the White House White Board, Deputy Director of the National Economic Council, Brian Deese, talks about the “Buffett Rule”

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We want the Buffett Rule … Sen. Russ Feingold


President Obama came out swinging last month — presenting a deficit-reduction plan to the American people that would finally make millionaires pay their fair share.

Poll after poll has shown this is exactly what the American people want, but big corporations and the super rich are already fighting back. They’re threatening to kill this plan before it’s even voted on in Congress.

We can’t let that happen.

This is what progressives wanted. This is what we fought for, and we can’t let it go down without a fight. We need to show Congress — and especially the members of this so-called “super committee” — that we’re not going to let big corporations and the super rich call the shots anymore.

The super committee is accepting public comments right now and we need to overwhelm them with the voices of average Americans across the country. That’s why Democracy for America and Progressives United are joining forces to call on progressives across the country to write into the Super Committee and tell them to support President Obama’s “Buffett Rule.”

Join us and submit your comments directly the super committee — tell them to support President Obama’s “Buffett Rule” to make millionaires pay their fair share.

www.ProgressivesUnited.org

The odds of winning this fight are long. Big corporations have a lot of influence in Washington and they’re going to fight us on this every step of the way. But remember that we’ve already won one important battle.

President Obama would never have introduced this plan if it hadn’t been for the hard work of millions of progressive activists and concerned citizens across the country. We built a powerful grassroots campaign to push the president to call for this — and we won.

Now it’s time for another win.

Tell the super committee to make millionaires pay their fair share.

www.ProgressivesUnited.org

The odds are against us, but we have the president on our side. Join us today to help us win.

Thank you for everything you do.

-Russ

Russ Feingold

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Campaign 2012


The critical September 30th fundraising deadline is the primary focus of
the campaign for the next week and a half, but two things happened this
week that you ought to be proud of:

— President Obama laid out the Buffett Rule: a proposal to help bring
down our deficit by asking millionaires and billionaires to pay their
fair share in taxes. It’s a position that more than 70 percent of
Americans agree with, but something that too many millionaire
politicians don’t have the guts to propose.

— “Don’t Ask, Don’t Tell” officially became history. It’s done. That’s
something that we’ll tell our kids about — and this President helped
finally do it.

What happens in the next week and a half is up to you.

The deadline we face in nine days is serious. It’s the official FEC
filing deadline, and it’s not arbitrary — it’s built into our
campaign’s budget plan. It will determine what kinds of resources we can
commit to which states as we expand our ground game.

WWW.BarackObama.ORG

Right now, you have a chance to affect what that picture looks like. Will you pitch in $5 or more to help get where we need to go by the deadline?

https://donate.barackobama.com/September-Deadline

Our President is out there doing great things. And right now, it’s on us
to get his back by showing the strength of the organization behind him.

Thanks,

Jen

Jen O’Malley Dillon

Deputy Campaign Manager

Obama for America

P.S. — As an added bonus, every donation you make before September 30th
will automatically enter you to win dinner with President Obama. Take ownership of this campaign today, and you could find yourself across the table from the President.

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Class Warfare


This morning, the President proposed the “Buffett Rule,” which would require those earning more than $1 million a year to pay the same share of their income in taxes as middle-class families do.

This proposal makes sure millionaires and billionaires share the responsibility for reducing the deficit. It would correct, for example, the fact that Warren Buffett‘s secretary currently pays taxes at a higher rate than he does.

The other side is already saying it’s “class warfare” — that’s their rhetorical smokescreen for providing millionaires and billionaires special treatment.

As the President said this morning, “This is not class warfare — it’s math.”

The wealthiest Americans don’t need further tax cuts and in many cases aren’t even asking for them. Requiring that they pay their fair share is the only practical way forward. The Republican alternative is to drastically slash education, gut Medicare, let roads and bridges crumble, and privatize Social Security. That’s not the America we believe in — but many in the Republican leadership actually prefer those policies, which explains their refusal to act.

That’s why they’ll say “tax increase” over and over again, trying to muddy the waters and trick ordinary Americans into thinking the Buffett Rule will hurt them. And if we don’t speak out right now, they just might get away with it.

WWW.BarackObama.com

Of course, the Buffett Rule won’t really touch most Americans — only 0.3% of households will even be affected.

And without it, the only way to reduce our debt is to savage the programs that seniors and middle-class families rely on.

That’s exactly what the President refuses to do — in fact, he’s said he’ll veto any bill that changes benefits for folks who rely on Medicare but doesn’t raise serious revenue by asking the wealthiest Americans or biggest corporations to pay their fair share.

This isn’t just a commonsense approach to cutting the deficit — it’s the only way to make sure we can provide security to people who work hard and play by the rules.

So right now, I’m asking you to say you’ll stand with the President on something that won’t be easy. Get the President’s back today:

WWW.BarackObama.ORG

Thanks,

Messina

Jim Messina
Campaign Manager
Obama for America