Quick Hit Aricka Flowers Monday April 16th, 2012, 3:44pm

Democratic Congressional Candidates Speak Out In Favor Of Buffett Rule

Democratic congressional candidates Tammy Duckworth, Bill Foster and Brad Schneider joined forces today to speak out against the records of their Republican incumbent opponents - and also demanded that Congress move forward with the Obama-proposed Buffett Rule, which would impose a minimum of a 30 percent tax on the incomes of individuals making more than $1 million annually.

According to the IRS, about 22,000 of U.S. households making more than $1 million paid less than 15 percent in income taxes in 2009, while another 1,470 households earning $1 million-plus paid absolutely no income taxes that year. Meanwhile, a couple with no children making $75,000 would pay about 20 percent in income taxes, according to a calculator provided by the Obama administration.

Duckworth, who is facing Tea Party favorite Joe Walsh in the 8th congressional district, says the logic behind supporting the Buffett Rule is clear.

“The Buffett Rule is simple: nobody making more than $1 million each year should pay a smaller share of their income in taxes than a middle class family pays. Middle-class families have paid enough,” said Tammy Duckworth in a press release.

The Democratic candidates also called out their opponents, Joe Walsh (R-8), Robert Dold (R-10), and long-time Congresswoman Judy Biggert (R-11), for their support of U.S. Rep. Paul Ryan's controversial GOP budget proposal. The challenging candidates specifically voiced problems with the proposal's cuts to Medicare, which would result in seniors paying more for the service down the line, and a $1,000 increase on college tuition for some 10 million families.   

"Rather than asking seniors to pay more for Medicare and families to pay more for college, we are simply asking those with incomes like Warren Buffett to pay a tax rate at least equal to middle-class families," said Brad Schneider, who is going up against 10th District incumbent Dold, who took the seat of Republican Mark Kirk when he moved up to the U.S. Senate.

Today, the Senate is set to look at the Buffett Rule, though it is not expected to get the 60 votes needed for full discussion of the bill. Democratic congressional candidate Bill Foster said its time for congressmen, like his opponent Biggert, to stop providing loopholes for the rich and instead call on all Americans to pay their fair share in taxes.

“We are asking those who make over $1 million to at least pay the same rate middle-class families pay, not continue to make the mistakes Congresswoman Biggert made by exploding the deficit and loading our children with debt to finance their tax giveaways,” said Foster.


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