It's time to once again play that popular political game, Who Wants to Tax a Millionaire?
The latest contestant is none other than the President himself. Obama wants a new minimum tax rate for individuals making more than $1 million a year.
The goal, according to the Administration, is to ensure that richer Americans pay at least the same percentage of their earnings as middle-income taxpayers.
This might be a fun new after-dinner game in the White House, but don't look for many players on Capitol Hill.
The GOP leadership is already out in force blasting the so-called Buffett Rule, named after the Oracle of Omaha Warren Buffett who earlier said he and his fellow wealthy Americans don't pay enough tax, as class warfare.
And even Democrats who might personally agree with the plan are likely to be leery of supporting any type of new individual tax with next year's elections on the horizon.
Watch out television programmers. With the 2012 campaigns already under way, your jobs could be in jeopardy. Who needs reality TV when we have Washington, D.C., follies?
Speak up: What's your take on raising the tax rate on those who make $1 million of more? Let me and the ol' blog's readers know by voting in the poll below and/or leaving your thoughts in the comments section.
Free polls from Pollhost.com
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