Progressives pushed and insisted, and now President Obama has put forward a plan that looks a lot like the petition you signed to super committee Democrats:
The president announced this week that he wants the super committee to make sure those making more than $1 million a year are asked to contribute to relieving our long-term debt burden by paying a fairer share of taxes, or he'll walk away and veto anything they pass. People are calling this the "Buffett rule": millionaires and billionaires shouldn't pay lower tax rates than the rest of us.
But as Talking Points Memo has reported, "the plan is set to hit a brick wall in Congress -- even in the Democratically controlled Senate and the bipartisan super committee."
We can't let that happen. The super committee is holding a hearing today on "revenue options and reforming the tax code" -- and it's now accepting comments from the public. We need to speak up now.
Click here to submit your comments directly to the super committee today -- and tell the members to support President Obama's "Buffett rule."
President Obama's proposal -- named after billionaire Warren Buffett, who said it's wrong that he pays a lower tax rate than his secretary -- might never have happened if progressives hadn't united to demand it.
The president calls it "basic math," and I call it common sense: Millionaires and billionaires should pay their fair share to help us balance the budget and create jobs. We can't put it all on the backs of working families who are struggling to get by during these tough economic times.
But the influence of big corporations and the super rich is strong in Congress, and several senators -- including Democratic ones -- are already opposing this crucial effort.
This proposal is what we wanted. This is what thousands of us have already asked the super committee to do.
Now that it has the backing of the president, we need to go beyond a petition. We need to raise our individual voices to the members of the super committee and tell them to look out for us.
Tell the super committee how important it is to make millionaires pay their fair share: Click here to use our easy online tool now, and your comments will go directly to the super committee.
We still have the odds against us, but we have the President of the United States on our side. He's a powerful ally with a big bully pulpit, and it should encourage us to keep fighting.
Thanks for uniting as a progressive,
Russ Feingold
Founder
Progressives United
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