Nothing could be more simple or more obvious. It is a grave injustice when people making a million dollars or more pay taxes at a lesser rate than the people in their secretarial pools. Newt “13.9%” Romney is a perfect example. In his State of the Union Address, Barack Obama proposed a Buffet Rule to address this. Republicans booed him. Senator Sheldon Whitehouse (D-RI) is about to introduce a bill to implement the Buffet Rule.
Warren Buffett has been talking for months about the unfairness in our tax system, pointing out that his secretary pays more in taxes than he, a billionaire, does. Buffett could be getting his day on the Senate floor, courtesy of Sen. Sheldon Whitehouse (D-RI).
Last week, Whitehouse announced his intention to introduce a bill that would rectify some of the tax inequality our current system allows. In a conference call with reporters today, he explained his legislation and confirmed that he will introduce it in the Senate this Wednesday.
Using Rhode Island wages as his example, he argued that the top 400 taxpayers in America are paying about the same percentage of income as a truck driver. "In theory," Whitehouse said, "we have a progressive tax code in which the greater income you have, the more you pay in percentage of income. Unfortunately, there are these huge exceptions to the rule of a progressive tax system,” he added. “I hope that many of my colleagues believe that these are loopholes that we can and should close.”
His bill would do that quite simply, without actually rewriting any tax code. Taxpayers making more than $1 million would pay either their regular amount, if it’s 30 percent or over of their income, or if it’s less, 30 percent… [emphasis added]
Inserted from <Daily Kos>
Ed Schultz discusses the Buffet Rule with Robert Reich.
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Let me be clear here. This will not pass this year. There is no way that the Republican controlled House will pass a bill that demands that billionaires pay their fair share. It is likely not to pass next year, even if Democrats take the House in November, there is no way Senate Republicans will not filibuster, unless Democrats change filibuster rules.. To get anything so substantive done, we need a Democrat in the White House, a majority in the House, not counting Blue Dogs, and 60 votes in the Senate, not counting DINOs. Therefore we need to recognize that this is not just a struggle until November. We’re in this for the long term.
Warren Buffett has been talking for months about the unfairness in our tax system, pointing out that his secretary pays more in taxes than he, a billionaire, does. Buffett could be getting his day on the Senate floor, courtesy of Sen. Sheldon Whitehouse (D-RI). 
During the height of the Red Scare, as Joseph McCarthy crusaded against all things Communist, including literature, Dwight D. Eisenhower famously urged citizens: “Don’t join the book burners. Don’t think you’re going to conceal faults by concealing evidence that they ever existed. Don’t be afraid to go in your library and read every book, as long as that document does not offend our own ideas of decency. That should be the only censorship.” 
Bill Moyers talks with former Senator Byron Dorgan about making sure big banks play by rules that protect consumers from financial calamity, and how those big banks continue to leverage power and influence to avoid responsibility while maximizing profits. Dorgan was a nearly-lone voice in Congress in 1999 when he predicted economic calamity following a repeal of the Glass-Steagall Act and its protective measures. But given the economic meltdown nearly 10 years later, it turned out to be one of the most prescient speeches in American political history.
Anti-tax activist Grover Norquist has long held a tight grip on the marionette strings of the GOP. Wielding undue influence as the head of the Americans for Tax Reform, Norquist ensures that Republican lawmakers sign his anti-tax pledge and threatens them with 
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…So here’s what we know: