This material was published by the Center for American Progress.
President Barack Obama is calling for a Buffett rule to make sure middle-class American families do not end up paying higher taxes than American millionaires. Seventy-three percent of Americans, including 66 percent of Republicans, agree with this idea.
The wealthy, as well as policymakers, also are expressing their support:
“But if they make a lot of money and they pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay.”
— Warren Buffett, speaking about his idea that inspired the Buffett rule, 2011
“So be Patriotic. Go out there and get rich. Get so obnoxiously rich that when that tax bill comes , your first thought will be to choke on how big a check you have to write. Your 2nd thought will be “what a great problem to have”, and your 3rd should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you.”
— Dallas Mavericks owner Mark Cuban, in his blog post, 2011
“My question is would you please raise my taxes?”
— Former Google brand manager Doug Edwards, speaking to President Obama at a LinkedIn Town Hall, 2011