President Obama is calling on Congress to pass the middle class tax cuts so that 98 percent of Americans and 97 percent of small businesses don’t pay higher taxes next year.
Middle-class families can’t afford that right now. And nobody in Washington says they want it to happen. Instead of holding the middle class hostage over tax cuts for the wealthy, we should do what we can agree on: keep middle-class taxes from going up.
We asked people to use our new tax calculator to compare President Obama’s tax plan to Mitt Romney’s. This is what they found out.
Try it out: http://OFA.BO/MBbPLK
Tonight, Senate Republicans voted to block the Buffett Rule, choosing once again to protect tax breaks for the wealthiest few Americans at the expense of the middle class.
The Buffett Rule is common sense. At a time when we have significant deficits to close and serious investments to make to strengthen our economy, we simply cannot afford to keep spending money on tax cuts that the wealthiest Americans don’t need and didn’t ask for. But it’s also about basic fairness—it’s just plain wrong that millions of middle-class Americans pay a higher share of their income in taxes than some millionaires and billionaires. America prospers when we’re all in it together and everyone has the opportunity to succeed.
One of the fundamental challenges of our time is building an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules. And I will continue to push Congress to take steps to not only restore economic security for the middle class and those trying to reach the middle class, but also to create an economy that’s built to last.
Billionaire Warren Buffett and many wealthy Americans pay a lower tax rate than middle-class families do. That’s just not fair. Warren Buffett knows it—and President Obama does too. He’s proposed the Buffett Rule to require everyone to pay their fair share—a key step to reduce the deficit and invest in what we need to grow and strengthen the economy.
Use our tool to tweet Republican senators and ask them to pass the Buffett Rule.
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- Find your Republican legislators on Twitter
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Mountains of loopholes make it possible for millionaires and billionaires to cut their tax rates to absurdly low levels. Warren Buffett’s secretary pays almost 36%, while Mitt Romney pays less than 14%.
That’s just wrong. Secretaries and schoolteachers shouldn’t pay a higher tax share than Warren Buffett and Mitt Romney.
Next week, the Senate will vote on the “Buffett Rule,” which would ensure that corporate CEOs don’t pay a lower tax rate than the rest of us. All Americans should pay their fair share.
Become a citizen co-sponsor of the Buffett Rule so President Obama and Senate Democrats know you stand with them.