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ICYMI: Chairman Priebus: “The Buffett Ruse”

- April 11, 2012

Excerpts from Real Clear Politics

By: Reince Priebus

April 11, 2012

"The Buffett Rule won't balance the budget. It won't prevent a debt crisis. It won't help the economy. It won't get you a job...

"For Barack Obama, the Buffet Tax (it's a tax, plain and simple) has one goal: to divide and distract America. He wants to divide the electorate with class warfare to distract us from his failed policies. This is how desperate he is to win reelection...

"As the Wall Street Journal explained last month, 'This year, the Buffett rule would increase federal revenues by all of $1.1 billion. That's less than one-tenth of one percent of the $1.2 trillion budget deficit Mr. Obama is scheduled to run this year'...

"Based on Obama's budget, the federal government will spend $45.4 trillion between 2013 and 2022. $9.6 trillion will be borrowed money. The Buffett Tax would raise $46.7 billion.

"President Obama has said the Buffett Tax would help 'stabilize our debt and deficits for the next decade,' adding, 'This is not politics; this is math.' But that's just another deception. The math doesn't add up. This is the most cynical political tool imaginable...

"The Buffett Tax is a gimmick, but it does serve an important purpose: it is a testament to Obama's failed leadership and how he has abandoned the spirit of his 2008 campaign. In four years, Obama has gone from 'hope' to hypocrisy...

"Obama is pushing the Buffett Tax under the guise of 'fairness,' but who is he to talk about what's 'fair'? This is a president who has funded his liberal agenda by mortgaging our children's future...

"When your record is this disastrous, then you have no choice but to run on disingenuous distractions..."

Click Here To Read The Full Op-Ed: http://bit.ly/Ik1Xjw


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