
Sorry Upchuck, not falling for the Jedi mind-trick.
Via The Hill:
Sen. Charles Schumer (D-N.Y.) on Monday rejected Republican arguments that Democrats are encouraging class warfare by pushing for higher taxes against the wealthy, a goal they are expected to pursue in the Senate next week.
“There’s no class warfare involved,” Schumer said on CBS Monday morning. “It’s a question simply of fairness.”
The Senate is expected to take up the so-called “Buffett Rule” bill next Monday when it’s back from the Easter recess. Under the Paying a Fair Share Act, S. 2230, all annual income earned above $1 million per year would be taxed at a minimum of 30 percent. The bill is a reaction to billionaire investor Warren Buffett’s claim that he pays a lower percentage of his income in taxes than his secretary.
“This bill is a question of fairness, making people believe in the code, and it brings in some revenues, no question about it,” Schumer said Monday.
