Schumer: Turn 'Buffett Rule' into legislation

[cal04]

http://firstread.msnbc.msn.com/_news/2011/09/19/7843807-schumer-turn-buffett-rule-into-legislation

The Senate Democrats top message man, Chuck Schumer, told reporters on a conference call this afternoon that he wants to see the so-called "Buffett rule" become a piece of legislation that Congress can vote on -- rather than just a "principle" as it's being described by the White House.

He said, "Let's draft the language and get it scored. Let's put it on the floor, and let's have a vote. A proposal like this would gain broad support in the Democratic caucus."

Schumer said revenues derived from the "Buffett rule" -- calling for a minimum tax rate for individuals making more than $1 million per year, to prevent investors like Warren Buffett to pay a lower effective tax rate than his secretary does -- could be used to pay for job creation measures or as a standalone for deficit reduction. He argued that Democrats have the upper hand because Americans support higher taxes on the wealthy.

"I believe the American people are so strongly with us on this issue, that once the president goes around the country and he talks about it, like I believe he will do, we are going to win this fight... For the first time in a very long time, Democrats can emerge on top on a tax debate," he said.

[librechik]

1. Go Schumer!

sign on to Bernie's "Take the cap off payroll tax" bill too.

[orpupilofnature57]

2. One of my states only protector's, how to go Chuck!!