Fair -- or Unbalanced? Decoding the Buffett Rule Debate

Is the tax system in the United States fair? It’s a question brought to the forefront by President Obama’s call for a ”Buffett Rule” (named for legendary investor Warren Buffett) to make sure the wealthy pay a percentage of income in taxes at least as large as that paid by the middle class. Opponents say raising taxes on the wealthy is unfair because the rich already pay far more in actual dollars. Underlying the fairness debate is a practical issue: Can the federal government get its fiscal house in order without raising taxes?

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