, Columnist
Buffett Rule Fixes a Non-Existent Problem: Douglas Holtz-Eakin
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Although Warren Buffett may be a stellar investor, his entry into the world of federal tax policy has brought forth nothing but bad ideas based on flawed information and misleading demagoguery. Let’s review the record.
In his State of the Union address last week, President Barack Obama called for enactment of the so-called Buffett rule, saying it wasn’t fair that a rich person pays a lower tax rate than Buffett’s secretary. In a bald act of political theater, Obama invited Buffett’s secretary to sit in one of the guest seats in the gallery near first lady Michelle Obama during the speech.