Warren Buffett, like many of his millionaire and billionaire friends, pays a lower percent of his income in taxes than the share of income his secretary pays. Meanwhile, over the last 30 years, tax rates for middle-class families have barely budged. That’s not fair. Buffett and President Obama agree.
The president believes we should build an economy where everyone gets a fair shot, everyone does their fair share and everyone plays by the same set of rules. That’s why he proposed the Buffett Rule. It’s simple: If you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle-class families do. On the other hand, if you make less than $250,000 a year—like 98 percent of American families—your taxes shouldn’t go up.
Urge your senators to support the Paying a Fair Share Act and allow the measure to get an up-or-down vote.