The Washington Post searched the White House website for mention of the
Buffett Rule and the AMT; the Buffett Rule is mentioned 17,400 times,
the AMT fewer than 600. The Buffet Rule tax will take about 47 billion
dollars from 22,000 wealthy households over ten years, the AMT will
bring in 1 trillion dollars from millions of taxpayers most of whom earn
less than 200,000 dollars a year over the same period.
Obama has
said repeatedly that he favored the Buffett Rule even if it brought in
less money; there is some poorly articulated reason that sounds a lot
like reprisal but it is often stated as "fairness." But what is "fair"
about the AMT which has accidentally become a middle class curse and why
is the self-appointed "fairness czar" not fixing it?
"I'm always true to you darlin' in my fashion."
The
problem with embracing fairness is the same as embracing chastity: You
can not be spotty. You can not do it on even or odd days, during certain
hours or under certain circumstances, or only with Billy.
Thursday, May 3, 2012
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