Wednesday, September 28, 2011

Republican should play fair

On Sept 19, 2011 President Obama came up with the term " buffet Plan". Basically it stops millionaires from taking advantatage from lower tax rates on investment earning. Obama named it after warren buffet the billionaire investor and the chief executive officer of Berkshire Hathaway. He has been quite vocal in arguing that the rich should be taxed more. Obama said "Middle-class families shouldn't pay higher taxes than millionaires and billionaires; that's pretty straightforward".


President Obama shakes hands with investor Warren Buffett after presenting him with a 2010 Presidential Medal of Freedom. One part of the president's deficit-reduction plan is named after Buffett, who suggested that high-income earners like him should pay more in taxes.                                   


















Republicans feels that if taxes increase then there wouldnt be any jobs to created.  They aint buying this so call "Buffet Plan". Rather they call it "Class Warfare". also republicans aint buying this new law.  they feel that they dont need to pay the same amount of taxes that the middle class does. Sen. Mitch McConnell (Republican Minority Lear) said "if Warren Buffet feels guilty then he should cut a check". and he also speaks for the republicans and says they dont want to raise taxes. The white house reaction is how can it be "Class Warfare" if all they are asking it to pay the same amount of tax as the middle class pays.
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1 comment:

  1. Prof. JeglinskiSeptember 29, 2011 at 10:02 AM

    Evan,

    Ok post. You've done an excellent job of defining the issue in your first paragraph. Your opposition paragraph is also strong. But where is your third paragraph... your analysis?

    Also, you are missing your facts. You need to list three facts, with sources, at the bottom of your page. That way, I can see what facts you are finding in your research. You've used some excellent quotes here. Just list them at the end for my quick reference... and include the source (name of the website or newspaper where you took the quote from.

    GR: 75

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