Warren Buffett?s Taxing the Rich Won't Solve Deficit, Says Tax Foundation | CNSnews.com
I love the enclosed picture....Obama slipping that ribbon around Buffet's neck, simply brings a tear to my eye.(CNSNews.com) – Taxing millionaires and billionaires more – a position advocated by billionaire Warren Buffett and President Barack Obama – won’t make much of a dent in the national debt or the record federal budget deficits, a new study finds.
“Even taking every last penny from every individual making more than $10 million per year would only reduce the nation's deficit by 12 percent and the debt by 2 percent,” the non-partisan Tax Foundation’s David Logan writes.
And also reminds me of Obama giving BP safety award prior to the oil spill.
I betting Obama can't wipe his own ass correctly.