
Much has been made in the days following Obama’s State of the Union speech about the presence of Warren Buffett’s secretary alongside Michelle Obama, and the president’s support for a minimum tax rate on millionaires. The so-called Buffett Rule would require individuals with an income above $1 million per year to pay a minimum tax rate on their income of 30%. This, Buffett and the president say, is only fair. I think that blanket statement is wrong and can damage the economy; but I think there is a basis of truth and logic in thinking there are elements of the Read more—>











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