The Hill: Lew Prince, Buffett Rule Makes Main Street sense

Op-Ed By Lew Prince
The Hill, April 16, 2012

As a music store owner, the Buffett I’m usually concerned with is Jimmy Buffett of Margaritaville. But a bunch of lobbying groups who claim to represent small business are making me mad. They’re trying to scare people into believing that job-creating small businesses like mine won’t hire people unless the “Buffett Rule” is defeated.

What hogwash. The Buffett Rule is named after billionaire investor, Warren Buffet, who says it’s not fair that he pays a lower tax rate than his secretary. The proposed Paying a Fair Share Act would address the problem by assuring that households making over $1 million annually don’t pay a smaller share of their income in taxes than middle-class families pay. That sounds like simple common sense to me.

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