President Obama hits Boca Raton, Florida today to promote the so-called “Buffett-rule” legislation, a sweeping measure that would criminalize making return trips to the all-you-can-eat line with a dirty plate.
A lesser-known provision of the law would also ensure that people earning over $1 million annually would pay at least 30 percent of their income in taxes, a rule made famous by wealthy investor Warren Buffett. Buffett, one of the richest individuals in the world, has publicly noted that he pays a smaller percentage of his income in taxes than his secretary and has advocated for a minimum tax rate for millionaires.
Speaking of millionaires… did we mention that Obama’s likely Republican opponent in the 2012 presidential election happens to be one? And that Florida is a key swing state? And that middle-class voters who are deciding between these two candidates happen to be struggling economically right now? Probably just coincidence.
Photo attribution: whitehouse.gov
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