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Senate Dems Want To Rename Obama’s So-Called “Buffett Rule” To The “Romney Rule”…

Why not the “Kerry Rule”? He’s richer than Romney (thanks to Teresa) and only pays a 13% tax rate.

(WSJ) — As they say in politics, branding is everything.

Senate Democratic leaders suggested Wednesday that the so-called Buffett Rule should be renamed the Romney Rule, after GOP presidential hopeful Mitt Romneysaid this week that he paid less than 15% of his roughly $20 million in income in federal income taxes in 2010.

The proposal — dubbed the Buffett Rule by President Barack Obama — a nod to billionaire Warren Buffett who famously said his tax rate was a lot lower than his secretary’s, and that shouldn’t be — would require households earning more than $1 million to pay an effective federal tax rate of at least 30%.

Posted by ZIP on Wednesday, January 25, 2012, at 6:25 pm | Like Tweet

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40 comments
  1. Dapandico says:
    January 25, 2012 at 6:26 pm

    Rename it the Yacht Rule.

  2. gastorgrab says:
    January 25, 2012 at 6:33 pm

    Only if we can rename food stamps to ‘Obama Stamps’.

  3. Jimco says:
    January 25, 2012 at 6:37 pm

    That Patty Murray is one brain dead stiff.

  4. Zcat says:
    January 25, 2012 at 6:40 pm

    Under that rule you’re going to pay 44% not 30%!

  5. jim says:
    January 25, 2012 at 6:41 pm

    Check out the picture.

    This picture reminds me of four used car salesmen lined up and waiting for the next customer to show up at the door.

    “I got a beauty out back”

    “A 1970 Ford Pinto in mint condition”

    “Take the car today and I will throw in a 6 hour full bumper to bumper warranty”

    “Sir it will take about 5 hours and 59 minutes to fill out the paper work”

    “You ask about it there are any government subsidizes ?”

    “Well in order to qualify I will need to ask you some questions”

    • Do you vote Democrat?
    • Did you Vote for Obama?
    • Have you ever worked?
    • How many children do you have and who are the Dads?
    • Are you a minority?
    • Are you Hispanic and a illegal alien?
    • Do you quality for food stamps and other entitlements and if not would you like us to help you with the paper work?
    • If we gave this car to you free that would be paid for by tax-payers would you then vote for Obama?

  6. gastorgrab says:
    January 25, 2012 at 6:42 pm

    While we’re at it, can we rename the Chevy Volt to the Chevy Zippo?

  7. johnnycab23513 says:
    January 25, 2012 at 6:51 pm

    @jim: While you are here, would you like to register to vote?

  8. gastorgrab says:
    January 25, 2012 at 6:52 pm

    Will the ‘Romney Rule’ help to alleviate the effect of the ‘Obama Depression’?

  9. Lotte Lenya says:
    January 25, 2012 at 6:53 pm

    So, let’s tax them at 30% on money they invested that was originally probably taxed at almost 40%? Brilliant!

    So, I’m guessing Kerry, Jane Harman, Warner, Polis, and Feinstein will be first line to vote for this, since they are as rich, or richer that Romeny, and derive the majority of their income the same way as Romney?

  10. DanlBoone says:
    January 25, 2012 at 7:02 pm

    I was thinking about renaming toilet-paper to Obama-Dollars

    that’s how I roll

  11. vangrungy says:
    January 25, 2012 at 7:07 pm

    DanlBoone,

    classic

  12. Dapandico says:
    January 25, 2012 at 7:08 pm

    @DanlBoone – I can’t afford toilet paper. I am now using the junk mail that is keeping the USPS in business. Postage Paid Envelopes work the best & you can recycle them by dropping them in the nearest mail box.

  13. DanlBoone says:
    January 25, 2012 at 7:09 pm

    :lol:

  14. DanlBoone says:
    January 25, 2012 at 7:12 pm

    did Michelle Antoinette really say, “let them use pre-paid postage envelopes” ?

  15. AngieS says:
    January 25, 2012 at 7:13 pm

    What a bunch of squishes.

  16. DanlBoone says:
    January 25, 2012 at 7:14 pm

    not to worry, under sharia there are RULES BITCHES for piously wiping of the bum in a manner as to honor Allah.. Allah is specific about stuff.. he’s toilet-aware like that.

  17. DanlBoone says:
    January 25, 2012 at 7:18 pm

    when I was drawing unemployment, I dreamt about the sunny day when I would be able to use real Obama-Dallars instead of those harshly sharp-edged postage-paid envelopes

  18. Spurwing Plover says:
    January 25, 2012 at 7:19 pm

    A virtuial rougues gallery of villians

  19. DanlBoone says:
    January 25, 2012 at 7:22 pm

    at least 60 million unemployed conservatives died from postage-paid envelope cuts during the obamination..

  20. Katherine says:
    January 25, 2012 at 7:23 pm

    @gastorgrab
    January 25, 2012 at 6:33 pm
    Only if we can rename food stamps to ‘Obama Stamps’.
    ________

    I was thinking maybe ‘Barry Bucks’ might be better.

  21. Katherine says:
    January 25, 2012 at 7:24 pm

    @DanlBoone

    at least 60 million unemployed conservatives died from postage-paid envelope cuts during the obamination..”
    ______

    I was one of them.

  22. Carolina Girl says:
    January 25, 2012 at 7:25 pm

    So does the Buffett Rule raise capital gains taxes to 30% for people making over $1,000,000? And when/if they do, you can bet that all those “patriotic millionaires” will be running screaming to their tax attorneys and accountants to find a way to lessen their burden. It isn’t the average Joe that is keeping the Tax Bar in business.

    Wasn’t that stupid-ass Alternative Minimum Tax supposed to fix all this bullshit back in the 70′s?

  23. DanlBoone says:
    January 25, 2012 at 7:26 pm

    it broke my dam heart, but all I could provide was postage-paid envelopes for my family..

    it shamed me when we had company over

  24. DanlBoone says:
    January 25, 2012 at 7:28 pm

    I’m with ya Katherine,
    the sound of the bubble bursting is still ringing in my ears
    :cool:

  25. DanlBoone says:
    January 25, 2012 at 7:31 pm

    .. but when my aging momma was reduced to using to using postage-paid envelopes.. well, my thoughts became very dark.. and my heart turned to stone

  26. Katherine says:
    January 25, 2012 at 7:39 pm

    @DanlBoone

    I was kidding……but, I do feel for those who had the rug pulled out from under their feet.

  27. juniper says:
    January 25, 2012 at 7:42 pm

    Aaaaarrgh!! Off topic but just found this: http://www.nypost.com/p/news/national/liam_neeson_says_he_may_convert_TdKmZVDOMGYFomSNOaGoLL

  28. DanlBoone says:
    January 25, 2012 at 7:43 pm

    Katherine,
    yeah, I don’t mean to misrepresent myself.. I mismanaged my own economy when money was so cheap..

    my ears are still ringing tho :cool:

  29. Katherine says:
    January 25, 2012 at 7:44 pm

    @Dan’lBoone

    You crack me up…

  30. Dapandico says:
    January 25, 2012 at 7:46 pm

    Pre-paid postage envelopes for all and a unicorn in the back yard. Fore more years.

  31. Katherine says:
    January 25, 2012 at 7:48 pm

    @DanlBoone

    ‘You mismanaged your own economy?’ Ahhh…those cheap dollars sucker punched you. My brother-in-law did the same thing. And now they are struggling.

    I still say that you are both victims of ‘The Obama Effect’.

  32. Dapandico says:
    January 25, 2012 at 7:50 pm

    The economy summarized: A normal person comes home and finds their home flooded with sewage. That person will pump the sewage out and clean the house. Not 0bama, he will raise the ceiling.

  33. DanlBoone says:
    January 25, 2012 at 7:56 pm

    postage-paid envelopes will NOT remain free.. don’t say I didn’t try and warn..

    postage-paid envelops are expected to be ~ $5.00 per by summer

  34. DanlBoone says:
    January 25, 2012 at 8:11 pm

    Katherine,
    right now I’m arguing with the state gov over ~12k in unemployment benefits from ’09- ’10

    I had drawn a little bit of it and it ran out. I rec’d a mailing about Obama’s much publicized extensions. I didn’t re-apply. I get a phone-call telling me to apply for extended $ -I kid ya not- local gov hired extra to push those funds out-

    I told the person that I didn’t think I would have any further benefits avail even tho I was still re-organizing (out of work, kinda complicated)

    The lady told me in no uncertain terms, that yes, yes Mr. Boone, you need to re-apply..

    now, they want the $ back.. no fraud or anything on my part.. they just screwed up so…

    and there’s a heck of a lot more of that going on that I knew. I’ve since heard of several people in the same thing..

  35. crudcutter says:
    January 25, 2012 at 8:13 pm

    Why not name it the Kenyan tax, or the “wookie gotta eat ” tax, or the “unions need your money”tax? Perhaps the “we too can be a 3rd world country” tax. The democrap party’s grasp of economics is pathetic – if I make a dollar, you lose one.

    Dick Turban, Patty Murray, Dirty Harry and Chucky – a picture of four of the dumbest assholes ever elected. I’m broke but my checking account balance is 5X higher then their combined IQs.

  36. Pete (Detroit) says:
    January 25, 2012 at 8:31 pm

    When, WHEN will the retard (sorry retards) Stupublicans point out that the could raise the tax to 100% and Not Fix The Problelm?!?!?!?
    IT’S THE SPENDING STUPID!!!!!
    Also, is it wrong that she’s paying less rate than he is? YOU BET – SHE NEEDS A TAX CUT!!!!

  37. Pete (Detroit) says:
    January 25, 2012 at 8:32 pm

    Or better yet, a flat tax

  38. Pete (Detroit) says:
    January 25, 2012 at 8:37 pm

    gastorgrab – the Volt is fine, it’s NHITSA that’s unsafe

  39. Maggie says:
    January 25, 2012 at 8:58 pm

    @Katherine says:

    January 25, 2012 at 7:23 pm

    @gastorgrab
    January 25, 2012 at 6:33 pm
    Only if we can rename food stamps to ‘Obama Stamps’.
    ________

    I was thinking maybe ‘Barry Bucks’ might be better.
    ——————————————————————

    Ahhhhh … If only the GOP in the Senate had balls.

  40. a human says:
    January 26, 2012 at 10:16 am

    Man, what a happy bunch of humans these are.

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