CFP: Tax Gimmicks, Tax Doom

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Tax Gimmicks, Tax Doom

Posted by Heritage Foundation on Apr 16, 2012 at 11:26 AM

The whole idea of the Buffett Rule is based on a fallacy.

The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal continues to fade away, the American people are staring down Tax Day, continued joblessness, and the prospect of a major tax meltdown coming on January 1, 2013.

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