Tag Archives: John Thune

Republicans introduce bill to let Warren Buffett pay more taxes

From Fox News, a plan to allow people who talk about wanting to pay more in taxes to do so.

Excerpt:

President Obama’s proposed “Buffett Rule”– which would force the wealthiest Americans to pay higher taxes to help cut the nation’s deficits — has met its Republican match.

Republican lawmakers have introduced their own “Buffett Rule” that would allow billionaire investors like Warren Buffett who say they’re not paying enough taxes to voluntarily give more money to the federal government.

Under the legislation, authored by Sen. John Thune of South Dakota and Rep. John Scalise of Louisiana, taxpayers can donate at least a $1 to the Treasury fund for deficit reduction when they file their federal income tax returns starting next year.

“If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have that right to do so voluntarily,” Thune said. “This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on America’s job creators.”

The first thing to note is that John Thune is a Biola University graduate. He defeated that leftist jackass Tom Daschle to become Senator in South Dakota.

The second thing to note is that Warren Buffett is a big fat hypocrite, since his company is involved in a massive dispute with the IRS over unpaid taxes.