U.S. House passes Buffett Rule Act, which would allow rich liberals to voluntarily pay higher taxes
The Washington Times reports:
The House on Wednesday passed Republicans’ own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit.
The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it. Under the legislation, which would still need Senate approval, taxpayers could check a box on their taxes and send in a check for more than they owe to the IRS.
“If Warren Buffett and others like him truly feel they’re not paying enough in taxes, they can use the Buffett Rule Act to put their money where their mouth is and voluntarily send in more to pay down the national debt, rather than changing the entire tax code to inflict more job-killing tax hikes on hard-working Americans,” said Rep. Steve Scalise, the Louisiana Republican who wrote the bill.
This is fantastic! I hope the Senate passes it, and the President signs it.
Of course we don’t actually need this new law to prove that there are a lot of rich, liberal hypocrites out there, because I already proved it when I wrote the following blog post: