Clinton says tax proposals will ‘go beyond Buffett Rule’
Democratic primary front-runner Hillary Clinton on Saturday said she will unveil tax proposals this month that “go beyond the Buffett Rule,” according to Bloomberg Politics.
“As president, I’ll do what it takes to make sure the super-wealthy are truly paying their fair share,” Clinton reportedly said in response to an IRS review of data on tax rates paid by the wealthiest 400 American households, which averaged 22.89 percent in 2013.
{mosads}The Buffett Rule, which has been pushed by the Obama administration, would raise taxes on those earning more than $1 million to 30 percent.
Clinton called the idea “one that would help achieve greater fairness in our tax system.”
She previously hinted at the proposal at a December rally in Omaha, Neb., where the former secretary of State was introduced by Warren Buffett — the philanthropist billionaire for whom the tax plan is named.
“It’s clear that those at the top are still gaming the system and leaving hard-working families holding the bag,” Clinton said Saturday. “A quarter of the very highest earning taxpayers, those earning more than $250 million per year on average, pay a federal income tax rate of less than 20 percent.
“That’s not fair and it’s not good for our economy, placing burdens on middle class families and holding back investments that would help us grow,” she added.
The plan comes as Clinton looks to push back against attacks from Democratic presidential primary rival Sen. Bernie Sanders (I-Vt.), who has pointed to her cozy relationship with Wall Street bankers.
Clinton has also vowed her plan would not raise taxes on married couple earning less than $250,000 annually.
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