I think the Buffett Rule is a gimmick, it only applies to 94,500 people.
Associated press: “A bill designed to enact President Barack Obama’s plan for a “Buffett rule” tax on the wealthy would rake in just $31 billion over the next 11 years, according to an estimate by Congress’ official tax analysts obtained by The Associated Press. That figure would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period. It is also minuscule compared to the many hundreds of billions it would cost to repeal the alternative minimum tax, which Obama’s budget last month said he would replace with the Buffett rule tax.”
Americans for Tax Reform says: “To put that in context, that is less than one-tenth of one percent of all tax revenues that CBO expects the federal government to collect over that time period, and this assumes (wrongly) that no one would change their behavior as a result of the tax.”
A poll by centrist Democrat group Third way found 80% of people were more likely to support a candidate who focused economic growth, 15% on a candidate who emphasized income inequality. 51% of Independents favored candidate making argument based on economic growth, 43% candidate focused on income inequality:
The Buffet rule isn’t going to change greatly change income inequality, all it is a gimmick so Barack Obama does not have to discuss the non existent Democrat budget, no comprehensive tax reform, no entitlement reform.