From Glenn Kessler: The fiscal year 2013 federal budget is projected to have $3.803 trillion in outlays. So, dividing $5 billion into that figure, you end up with the Buffett Rule covering 0.131 percent of the budget. Given that there are 8,760 hours in a year, that works out to just over 11 hours. [...] [...]
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The Buffet Rule Disguised as ‘Romney Rule’ for Reelection
Of course it’s popular. From CBS: In asking the question, Gallup did not actually use the term “Buffett Rule.” Here’s how the question was asked: “Would you favor or oppose Congress passing a new law that would require households earning $1 million a year or more to pay a minimum of 30 percent of their [...]
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