The Buffett Tax: Politics, Not Math

THE BUFFETT TAX POLITICS, NOT MATH OBAMA CLAIMED THE BUFFETT TAX WOULD “STABILIZE OUR DEBT AND DEFICITS" "And that basic principle of fairness, if applied to our tax code, could raise enough money that not only do we pay for our jobs bill, but we also stabilize our debt and deficits for the next decade. And as I said whenI made the announcement, this is not politics; this is math." President Barack Obama, San Diego, CA, Sep. 26, 2011 FACT: THE BUFFETT TAX WOULD PAY OFF LESS THAN 1% OF OBAMA'S DEBT 2013-2022: OBAMA'S DEBT, SPENDING & THE BUFFETT TAX THE BUFFETT TAX: $46.7 BILLION OBAMA'S DEBT: $9.6 TRILLION OBAMA'S SPENDING: $45.4 TRILLION Source: The Joint Committee On Taxation, Office Of Management And Budget, and The Congressional Budget Office RNCRESEARCH.TUMBLR.COM Paid For By The Republican National Committee - www.GOP.com Not Endorsed By Any Candidate Or Candidate's Committee