Defending the Judeo-Christian Heritage, limited government, and the American Constitution
Thursday August 27th 2015

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S.E.M., Vol. 1, No. 7
Federalist 69 - by Alexander Hamilton. 1. What are the chief characters in regards to the President as outlined in the proposed Constitution? 2. Why does Hamilton believe the term of office for a President should be longer than three years? 3. What was the term of office for the king of England and what, in your opinion, is the potential for abuse in such a term? Would the term of office of the king of England present any advantages - in the Founders experience and in your opinion - over over the new American system? Read all of the questions and post your response at our new resource Self-Educated Man

Obama Pushing ‘Buffett Rule’ as Fairness Issue

Obama defends socialism as "fairness."

JON E. DOUGHERTY, NEWSROOM AMERICA

President Obama on Tuesday will make a new pitch for the so-called “Buffett Rule,” backing up a White House report that says making the rich pay a 30-percent tax rate is more “a basic issue of tax fairness” than a way to generate more cash for a debt-ridden government.

Obama, during a campaign stop in Florida, is reviving an earlier theme regarding taxes ahead of an expected vote in the Senate next week regarding the rule. The president has made it a key element of his plan to reduce the deficit, CBS News reported.

The proposal also plays to Obama’s reelection strategy. If Republicans move to block the proposal, as expected, he will likely try to portray them as defenders of an unfair tax policy that favors the wealthy.

GOP leaders have consistently criticized the president’s strategy as little more than class warfare, and have argued that taxes on all levels of income should be lower as the government moves reduces its expenditures.

On Monday, the administration conceded that the amount of revenue the Buffett Rule would raise was only $47 billion over 10 years, or about 0.65 percent of $7 trillion worth of anticipated spending during the same time.

Still, White House officials moved to defend the proposal.

“We think it’s a meaningful amount of money,” Jason Furman, principal deputy director of the National Economic Council at the White House, said. More important to Obama, he said, was that the proposal was “a basic principle of tax fairness.”

“The situation is the result of decades of the tax system being tilted in favor of high-income households at the expense of the middle class,” the White House report noted, adding that the average tax rate paid by the very highest-income Americans has fallen to nearly the lowest rate in over 50 years.

Republicans argue that, according to IRS data, the richest Americans already pay the lion’s share of federal income taxes, and that Obama’s tax policies aim to punish successful Americans.


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