Senate Blocks Buffett Rule 30% Tax Floor on Top Earners.

[CaptainHaplo]

The top 10% of earners pay over 70% of the total taxes collected....

Almost 50% of the population pays no taxes....

Where is the fairness again?

Oh - and the "buffet rule" would increase the federal tax income 47 Billion over 10 years (assuming it had no negative effect on the economy). Obama's budget calls for adding a minimum of 6.7 Trillion to the debt over that same time frame (though he has already added 5 Trillion in 3.5 years..) - so his tax hike for "fairness" is going to pay for all of 0.1% of his spending.

This is the most ludicrous thing I have seen - well - other than him presenting a budget and then telling his own party to vote against it!