Posts Tagged ‘The Buffett Rule’

The Buffett Rule will not make America sounder financially. The president’s own numbers acknowledge as much. In fact, it will most likely make America weaker. Rich folks who earn a substantial portion of their income from investments would be faced with a doubling of their effective tax rate from fifteen to thirty percent. The Buffett Rule could result in a fast and furious selling spree with devastating results on the stock market. The impact on middle class investors and folks living off of their pensions and IRAs could be devastating …