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Entries in Buffet Rule (1)

Wednesday
Oct122011

Republican Congressman Introduces His Own Buffet Rule

By Mike Hothi

Congressman Steve Scalise (R-La.) introduced his very own “Buffet Rule” Wednesday alongside Americans for Tax Reform president Grover Norquist.

Scalise’s Buffet Rule is a bill that adds an optional donation box to IRS filing forms, to make it easy for Americans to donate more than they owe in taxes. The bill is a play off of President Obama’s suggested Buffet Rule that would tax millionaires and billionaires like Warren Buffet, who feel they don’t pay enough in taxes. 

“Anybody who finds themselves in Warren Buffet’s position will have their lives made easier and more comfortable by Congressman Scalise’s leadership on this issue,” said Norquist.

Scalise believes that his version of the legislation will force politicians to “put their money where their mouth is.”

“The Buffet Rule is a common sense alternative to the divisive class warfare calls for hire taxes being pushed by President Obama,” Scalise said.

The intent of the bill is to put pressure on lawmakers that advocate for higher taxes but do not voluntarily contribute their own money in taxes.