The Republicans have proposed a way for the very rich in America to fall in line with Warren Buffet.  The Berkshire-Hathaway billionaire has complained that he is not taxed as much as he should be.  Odd, then that his companies are ONE BILLION behind in what they owe the government.  That aside, Senator John Thune and Rep. John Scalise of Louisiana have crafted a way for the RICH to pitch in all they want of their success to help reduce our $15 trillion dollar debt.

Thune and Scalise propose the following:

“Under the legislation, authored by Sen. John Thune of South Dakota and Rep. John Scalise of Louisiana, taxpayers can donate at least a $1 to the Treasury fund for deficit reduction when they file their federal income tax returns starting next year.

If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have that right to do so voluntarily,” Thune said. “This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on America’s job creators.”

The Buffett Rule, and President Obama’s $450 billion jobs bill was defeated in the Senate this week and will now be taken up in pieces.  “Republican have fired back, saying anyone who feels undertaxed should just write a check to Uncle Sam.”

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Filed under: Economy, Featured, Inside The KC, Politics by Sonja Eddings Brown, Oct 15, 2011