Page 42 - Buffet Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To close the decifit. but the notion that it doesn't solve the entire problem doesn't mean that we shouldn't do it at all. there are enough excuses for inaction in washington. we certainly don't need more excuses. i just point out that the buffet rule is something that will get us moving in the right direction, towards fairness, towards economic growth, it will help us close our decifit, and it's a lot more specific than anything that the other side has proposed so far. and if republicans in congress were truly concerned with decifits and debt, then i'm assuming they haven't would just propose...

Judge. do you think that those people. >> laura: i will one up you on that. >> my mother was a waitress. >> my mother spent her entire life waitressing to put herself through college. >> people like that should pay a higher tax rate than paris hilton than a trust fund baby. the baby rule and it is a rule, is to say that we live in a society where that is absolutely unacceptable. >> laura: that is not. >> it has no chance of passing. >> can i tell you why it has no chance of passing? because republic senators will hold it up that they care more about. >> laura: the grandstanding on this doesn't...

Plan that is fair. this is not just about fairness. this is also about growth, this is also about being able to make the investments we need to succeed, and it's about we as a country being willing to pay for those investments and closing our decifits. that's what this is about. now, next week, members of congress are going to have a chance to vote on what we call the buffet rule, and it's simple. if you make more money, more than $1 million a year, not if you have $1 million, but if you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as mi...

To 2002. he's been in a big squabble with the i.r.s. so while he's out saying rich people need to pay more, yeah, i'm currently disputing my taxes with my big company. so just keep that in mind as he calls for fairness. is that fair that he wouldn't pay a billion dollars for close to 10 years? >> keep in mind, come january 1st, the bush tax cuts will be no longer. so essentially if this buffet rule went into place, it would be like a double taxation happening come january 1st. remember, the president was against the bush tax cuts and then he was for them, voted them in, and then he was against...

For, i mean, having left politics, i mean, for those of us who watch it closely, we watch every phrase and every soundbite. for the vast majority of folks out there, not watching this stuff like we do. one, we're very early in the process. what this poll really says is independents aren't focused yet on the race. i suspect they very much will be come november. two, it says a little bit of trouble is out there for obama both from the standpoint of message. it says that basically, opportunity trumps equality as a message and right now, you know, obama was down in florida, i guess, yesterday talk...