According to a recent poll, nearly two-thirds of Americans agree that the idea of hiking tax rates on rich people would be fairer to the non-rich taxpayers. However, the mechanism for accomplishing this goal provided by the Buffett Rule will have untold unintended consequences, says Steve Conover of the American Enterprise Institute. First and foremost, it must be understood that in order to accomplish its goal of raising the effective tax on the rich, the Buffett Rule will have to [...]
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