Stop Talking About Buffett's Secretary, Already
Yes, the rich do pay a lot more in taxes.
11:45 AM, Sep 20, 2011 • By MARK HEMINGWAY
Multiple times in recent weeks, President Obama has justified the need for higher taxes by saying that Warren Buffett pays a lower tax rate than his secretary. Of course, this is a preposterous talking point (especially since Buffett owes hefty amounts of back taxes going back nine years). This morning, avowed Obama "sap" David Brooks makes the point that this is an unserious argument that reeks of liberal politicking:
And right on cue, the Associated Press also hammers Obama on this point:
Obama may continue to campaign on the disingenuous soak-the-rich rhetoric, but the facts mean it's probably not going to be as persuasive as he'd like.