Its called the “Millionaire’s Tax”, and it’s pure genius. Finally, President Obama and Democrats have caught on to the power and importance of branding. My God, it’s almost Rovian in its sheer simplicity and potential impact.
The tax is a brilliant scheme by the president to achieve his goal of taxing the rich and creating more equity in the lopsided tax code, and in the process funding his American Jobs Act. Also called the “Buffett Tax,” because it was inspired and advocated by Nebraska Billionaire Warren Buffett who recently noted that many of America’s wealthiest individuals’ effective taxes rates are lower than those of their secretaries.