From The Wall Street Journal
The Democratic pressure on GOP senators appears likely to come in the form of media outreach such as op-eds, as well as public comments by Obama administration officials. President Barack Obama also is expected to make comments on the need to pass the Buffett Rule.
. Democrats are hoping to use their April 16 Senate vote on the Buffett Rule to divide Republicans and make their leaders – including Mitt Romney, the front-runner for the GOP presidential nomination – appear out of touch with voters.Top GOP leaders in both the House and Senate say Democrats are greatly exaggerating the issue’s heft. They note that it would have only a tiny impact on deficits, raising an estimated $47 billion over the next decade, or less than 1% of the $6.4 trillion in deficits projected under Mr. Obama’s budget plans. They also say it is designed to divert attention from Mr. Obama’s much larger proposed tax increases on couples earning more than $250,000, and would harm job creation by hurting small businesses that pay taxes through their owners’ individual returns. Read More...
And, the 30% overall federal tax rate on people earning more than $1 million a year, will trickle down to all Pensions and Retirement Plans--count on it!Just an other way to hit the economy, and to make the elderly less independent!
We can't have Four More Years to look forward to this!
The SEIU Union Behind This?
Read my past post about the 401k and Retirement Plans Targeted.... Now another angle to hit The Elderly.
Isn't this rotten?
The Union members let their admin. steal from them, and look to the public in general to make up their faulty way of life.
They surrendered their right to bargain. We didn't!