Why Billionaires Get the Best Tax Breaks

Tuesday, April 17, 2012

There's a reason car accidents spike by 6 percent on tax day: filing one's taxes is stressful. On Monday, as millions of Americans put the finishing touches on their tax paperwork, Senate Republicans blocked debate on the so-called "Buffett Rule." It would have required the wealthiest Americans to pay at least 30 percent of their income in federal taxes. The rule was inspired by Warren Buffett's secretary, who pays a higher tax rate than her billionaire boss. Bob Hennelly, senior reporter for WNYC has been investigating the tax rates of another billionaire with some tax policy suggestions: New York Mayor Michael Bloomberg.

Produced by:

Mythili Rao


Bob Hennelly

Comments [3]


You would think that some one from amongst the Republicans or the Democrats would be just a little bright enough to see how to resolve this issue. But obviously not! So many ways to make both parties "put up or shut up" but not even a little voice in the wilderness.

What a disappointment for America. Voters elect the 'worst and dumbest' and then think that it has nothing to do with their big mistakes, so it must be [insert from your political party's favorate list of scape-goats] fault. Must be the fault of America's educational system, or the media (liberial or conservative (take your choice), or financial system, or big-government, or ....

Apr. 22 2012 10:30 AM

The "Buffett Rule" was cynical and mendacious, deceptive and political gimmick which proves that the President and his minions think his supporters are stupid and easily distracted. The more it was debunked the more it was promoted by the Democrats which is a gross insult to the intelligence of the American people.

Cut, cap and balance "did not even get debate in the Senate" and that was a genuine plan for long term fiscal recovery which passed in the House. This Democrat controlled US Senate has not passed a budget in over 1000 days but has time for this blinding obvious "jumping of the shark" in an election year manufactured by the Obama Administration which still has no plan or clue to fix this economy.

This "conversation" was an insulting waste of time to the real "99 percent" at a very critical moment in our nation's history and media naturally played along with the political misdirection.

Apr. 17 2012 10:03 AM
anna from new york

This guy bubbling about high taxes for businesses is a dishonest idiot.
No mentioning of slave labor abroad as THE REASON for outsourcing? Why do you invite such idiots in the first place?

Apr. 17 2012 08:14 AM

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