The legislation currently languishing in the Senate, the so-called ‘Buffet Rule,’ isn’t really designed to reduce the deficit by any amount, but rather serves as a ruse to position the Republicans as not caring for anyone but the rich in anticipation of this year’s elections. Two out of three Americans are in favor of charging millionaires more taxes because, A) millionaires can afford it, B) it doesn’t cost the middle class a dime and C) the president said it would reduce the deficit.
