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View Diary: Senate votes on Buffett Rule (115 comments)

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  •  I'm really surprised by the GOP's counter (18+ / 0-)

    offensive on this.  When the bill was proposed, several obvious GOP objections came to mind, and I haven't heard a single one from the GOP.  About the only counter I've heard from them is that it's "class warfare," which is about the lamest reply possible.  

    So why the failure to respond forcibly?  Are they just trying to ignore it and hope voters do, too?  

    •  "Job creation" and "trickle-down" crap too (9+ / 0-)

      Don't forget those! Gotta give the millionaires tax breaks so that they can create those jobs [overseas].

      •  It's vulgar, but from the 1st I heard of "trickle (3+ / 0-)
        Recommended by:
        NonnyO, Matt Z, blue aardvark

        down," the picture that came to mind was sleeping in the bottom bunk with a bed-wetter in the top bunk.

        Then I realized this was an apt description.

        "...it's difficult to imagine what else Republicans can do to drive women away in 2012, unless they decide to bring back witch-hanging. And I wouldn't put it past them." James Wolcott

        by Mayfly on Mon Apr 16, 2012 at 03:59:35 PM PDT

        [ Parent ]

    •  It is class warfare. (8+ / 0-)

      And the ownership class is winning.

      Mitt Romney's Like A Box Of Chocolates. You Never Know What You're Gonna Get!

      by kitebro on Mon Apr 16, 2012 at 03:17:04 PM PDT

      [ Parent ]

      •  That's because they've... (0+ / 0-)

        ... bought and paid for the Congress Critters.

        NSFW....


        I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

        by NonnyO on Mon Apr 16, 2012 at 09:28:30 PM PDT

        [ Parent ]

    •  Only 1% of small business owners (16+ / 0-)

      would be affected.

      http://money.cnn.com/...

      If they make their usual argument, it only fits exactly with Occupy's message: 1%.

      They're fucked. Finally they're being forced to face-plant up against the wall of reality.

      •  hmmmm.... (7+ / 0-)
        They're fucked.
        Crossing my fingers, 'cause they've deserved to be f'd for a very long time now.

        I think, therefore I am........................... Plus ca change, plus c'est la meme chose AKA Engine Nighthawk - don't even ask!

        by Lilyvt on Mon Apr 16, 2012 at 03:22:11 PM PDT

        [ Parent ]

      •  As one of the legendary small business owners, (11+ / 0-)

        I think the present tax structure sucks for everyone except the very top wage and dividend earners.

        Every time I send off the federal withholding taxes for employees earning less than $20,000/year I feel like I'm participating in robbing them of their hard-earned money.

        The tax laws must be re-written for us to have any sort of economic justice.

        •  I was talking to a small business owner (12+ / 0-)

          who came from Europe (now an American citizen).

          She freaking hates the tax structure here because it screws middle income people and business owners.

          She says that at least in Europe you actually get services like healthcare and good education for your kids for the money you give the government. Here the rich just walk away with it all and average people really don't get the payback they do in Europe. She said the obvious solution is to start making the tax structure more fare wrt how much the rich pay and the number of public services the rest of us get for our buck.

        •  Healthcare portability is a big one there, too (1+ / 0-)
          Recommended by:
          4Freedom

          I'm looking at expanding the consulting I've been doing with a business partner...hopefully leading to employing other folks at some point.

          Back when I worked for a big tech company, we had nice things like $0 deductible $0 copay health plans included in the perks... That's generally not feasible for small companies.

          We've been looking at various things, and one of them is that it would be expensive to provide any sort of insurance, even just to ourselves. (Especially with me having some health problems...so any group plan is going to jack our rates way up.) That's excluding bringing any employees on board, which gets even more expensive (especially when we can't offer those super-nice plans, as a small business.) Not to mention a million other things that are hard for any sort of smaller venture.

          Now, if only every citizen had healthcare already, and neither they nor employers had to worry about this crap...it'd be much easier to switch jobs, and to try to start a business without dealing with that part of the cost right away.

          •  Vermont's solution is to go for a single payer (5+ / 0-)

            state run pool for health insurance. We have a great health commissioner and a governor who is a big backer of single payer.

            We have to solve the healthcare dilemma and the tax dilemma to protect our workforce.

            •  God Bless Vermont! And when you take on Monsanto (2+ / 0-)
              Recommended by:
              Maverick80229, 4Freedom

              ask for donations!  I will send my mite and you will get support from organic gardeners and other sane people all over the country.

              "...it's difficult to imagine what else Republicans can do to drive women away in 2012, unless they decide to bring back witch-hanging. And I wouldn't put it past them." James Wolcott

              by Mayfly on Mon Apr 16, 2012 at 04:02:03 PM PDT

              [ Parent ]

            •  I actually considered VT for relocation... (1+ / 0-)
              Recommended by:
              4Freedom

              (Though it's probably off the table for business reasons.)

              Green Mountain Care is one of the things that's a draw, definitely. :)

              Good luck with getting that implemented. It looks like they want to try to get a waiver even sooner than 2017, which would be awesome if they can!

              VT will pave the way, definitely... Just need to see CA/MT/etc try to pass reasonable single-payer.

              •  Vermont is open for business! (1+ / 0-)
                Recommended by:
                holeworm

                There is a lot of state support for businesses coming to Vermont, and county economic development committees have investment funds from successful local businesses that want to support area growth and development.

                The Green Mountains are becoming a greener and greener place for business. Our Democratic, single payer supporting Governor is a businessman and a business promoter. You don't need a bunch of phony, fawning Republicans to have a thriving business environment.

                The Green Mountain State is also a preferred trading partner with China. China admires Vermont's advances in green energy technology. I think there will be or maybe even are joint projects already going.

          •  Why doesn't business come out supporting this? (5+ / 0-)

            I would think that all business associations would come out in support of single payer- it's just good for everyone.  Something unions and Management could agree was a good idea for all involved.  It's very... frustrating.

            [Terrorists] are a dime a dozen, they are all over the world and for every one we lock up there will be three to take his place. --Digby

            by rabel on Mon Apr 16, 2012 at 04:01:57 PM PDT

            [ Parent ]

            •  The larger companies don't like it, I'm sure... (2+ / 0-)
              Recommended by:
              4Freedom, nextstep

              They have the lowest negotiated rates with the insurers, so they would see the largest average increase.

              That's, of course, assuming we have the fake-single-payer system with the insurers in the middle. Of course, everyone (but insurance companies) would be happy if it was just European/Canadian-style single payer.

              But that's not going to happen anytime soon...so for now, why would a large company want to pay more?

              •  I like our governor's solution to have the state (0+ / 0-)

                serve as the intermediary between the patient and the medical system, rather than a for-profit commercial insurer.

                The savings on administrative costs will lower costs for everyone, including our large, wary employers like IBM.

      •  They rely on the fact that (1+ / 0-)
        Recommended by:
        msmacgyver

        so many small businesses don't know jack-crap about their finances, and can't wrap their minds around the difference between "gross" and "net" revenues.

        sin and love and fear are just sounds that people who never sinned nor loved nor feared have for what they never had and cannot have until they forget the words

        by harrije on Mon Apr 16, 2012 at 03:29:19 PM PDT

        [ Parent ]

      •  Excellent info, thanks for the link (2+ / 0-)
        Recommended by:
        i7akks889, Just Bob
        Strange tax evasion schemes

        Critics claim a minimum tax on millionaires would hurt small business owners, some of whom file tax returns under the individual tax code.

        But federal data show that only 1% of small business owners have enough income to qualify for the Buffett Rule, according to the Treasury's Office of Tax Analysis, which reviewed filings in 2007. The report, which was issued last year, examined 20 million tax returns -- and only 273,000 would meet the Buffett Rule threshold.

        Economists and tax experts don't expect the landscape has changed drastically since that study was done. Most small firms are sole proprietorships, one-person operations like Rebel Luxe in Los Angeles.

        When someone is impatient and says, "I haven't got all day," I always wonder, How can that be? How can you not have all day? George Carlin

        by msmacgyver on Mon Apr 16, 2012 at 03:35:06 PM PDT

        [ Parent ]

    •  I think they are relying on 30+ years (6+ / 0-)

      of propaganda that taxes = job losses.

      In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'y a aucune différence entre théorie et pratique, mais en pratique, il y a toujours une différence. - Yogi Berra

      by blue aardvark on Mon Apr 16, 2012 at 03:27:25 PM PDT

      [ Parent ]

    •  The argument I keep hearing .... (2+ / 0-)
      Recommended by:
      blue aardvark, Raynfala

      Since the Buffett Rule won't instantly balance the budget yesterday - why bother even talking about it.

      Of course this "Silver Bullet" fix standard isn't allowed to be used against any of their ideas -  like slashing PBS, NPR and Planned Parenthood.

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