Friday, February 3, 2012
Buffett Rule would affect about 0.08% of taxpayers
Joe: you may remember Michael Kinsley from an older show called “Crossfire” Today in the LA Times he’s written about what the left really wants to do and that’s raise taxes on the middle class. I respect MK because I think he is honest in presenting his view unlike Obama and his class warfare rhetoric. Finally some honesty from the left, he said, “Citizens for Tax Justice, a liberal tax reform group, figures that the Buffett Rule would affect about 0.08% of taxpayers…” and “But it can't just be a tax on Warren Buffett and his peers. It will have to be a tax on you. (meaning the middle class).
The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June. But said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year.
Raising taxes really isn’t the answer.
has some of the highest rates in the country and they just continue to spend more than they have. The thing is they always have a built in excuse for why they speand so much, teachers, police men, etc…. -Bob California