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There's not a doubt in my mind: We could have a game-changer in the tax debate.
Last week, President Obama stepped up to propose the so-called Buffett(upper right) rule, which would close some of our deficit with new revenue from those making over $1 million a year, rather than relying simply on cuts to middle-class programs. Contrast that with the Republicans trying to leverage the deficit debate to cut Social Security and end Medicare as we know it. That contrast will make the Republican position almost indefensible with voters. And all the signs point to the president getting ready to go all in on this.
But to make the gambit work, we need every Democrat behind him.
Sign my petition today and show that you're behind President Obama's Buffett rule to make sure millionaires aren't paying less in taxes than middle class families.
This is smart policy. It is fundamentally unfair to allow some middle-class families -- who have seen their median income levels drop over the last decade -- to pay a higher effective tax rate than millionaires and billionaires. Plus, this proposal can raise serious revenue that can help us protect programs like Social Security and Medicare from the cuts Republicans want to impose. It is my goal for some proposal along the lines of the Buffett rule to come to the Senate floor for a vote. With the president traveling around the country, pushing the issue, we can win this fight. You and I and Democrats around the whole country really need to show our unity on this one to make the case that millionaires and billionaires should pay their fair share. Sign my petition today and show that Democrats are unified behind the Buffett rule -- then forward this petition to your friends and family, too.
http://salsa.wiredforchange.com/o/5660/p/dia/action/public/?action_KEY=4799&track=20110927_Buffett_rule_petition&tag=buffet_rule_e1
This is the most encouraged I've been about our ability to turn the tax debate around on the Republicans. I hope you'll stand with us for victory.
Thank you,
Chuck Schumer, U.S. Senator (upper left)
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