Some called it the "Buffett Rule:" Warren Buffett's push, supported by President Obama, to increase tax rates on the wealthiest Americans.
State GOP Chairman Norm Semanko called it the "Buffett Tax," and praised Republicans in the Senate for derailing it Monday.
Let the election fun continue. Here is Semanko's statement:
“There is one thing you need to know about President Obama’s Buffett Tax — it won’t help a single Idaho family find a job. The facts are simple: President Obama has once again chosen politics over fixing the economy.
The president’s hard sell on this tax has been all over the place. First, Obama claimed the Buffett Tax would “stabilize our debt and deficit for the next 10 years,” and when that was proven false, he claimed it wasn’t meant for deficit reduction. President Obama has changed his explanation for this tax no less than six times, but not once did he claim this tax would improve the economy or help folks find a job — and that’s what this all boils down to — a shiny object that does nothing to help struggling Americans.
President Obama should be focused on fixing the economy, but he’s spending his time rolling out political gimmicks. This President is focused on saving one job — his own — and he’s resorted to the politics of division and envy to achieve his goal.
I applaud the Senate for voting down Obama’s Buffett gimmick. Idaho families deserve better; they deserve real leadership and someone who is focused on helping Americans struggling in this economy.”