The Senate had a roll call vote on the Buffett Rule today. Susan Collins of Maine was the only Republican to vote for it. Mark Pryor of Arkansas was the only Democrat to vote against it. Polling shows that the Buffett Rule is popular almost across the board.
Nearly three-quarters – 72% – of Americans say they support the idea, according to a CNN survey of 1,015 Americans, including 910 registered voters.
While the proposal was favored more heavily by Democrats (90%), people who make less than $50,000 a year (79%), and people who live in urban areas (79%), a majority of all groups supported it, except for those who identify with the tea party movement and those who consider themselves conservatives.
Tea party supporters opposed the proposal 58% to 40%. Conservatives opposed it 49% to 51%, but people who identified as Republicans supported it 53% to 46%.
I am curious about the motivations of the two defectors. Susan Collins isn’t too hard to explain. She represents Maine. Maine isn’t exactly a liberal bastion, but it still has New England sensibilities. Voting for the Buffett Rule is a good way for Collins to avoid a campaign issue later on.
But what about Mark Pryor? Yes, Arkansas (in the Era of Obama) is a deep red state, but even conservatives are split roughly 50-50 on the Buffett Rule. If 90% of Democrats support the bill, 69% of independents support the bill, and 53% of Republicans support the bill, then the bill is popular even in a place like Arkansas. It might be a closer call there than the national numbers indicate, but it’s still an easy vote. Or, it should be.
And here’s the thing. The national Democratic Party isn’t the greatest fit for Arkansas. The party is way out of step with the social values of the people down there. What does a Democratic politician have to offer that might make them preferable to a Republican? Pro-business policies and favorable tax treatment for millionaires? It seems to me that Arkansas is a poor state that suffers from below average educational attainment and subpar health outcomes. Populism just seems like such a natural way for a Democrat to get past all the distractions about God and guns and gays, and actually talk to people where they live. But the model there, which has been very successful until a black president entered the Oval Office, is to follow the DLC/Blue Dog model pioneered by the Clintons. It seems like the business community down there still likes the Democrats and is willing to let them run things if only they will behave like Blanche Lincoln or Mike Ross or Vic Snyder…or Mark Pryor. And, you know, it works until it doesn’t.
It just seems strange to me. If I’m a Democrat in the Deep South, I’m going to talk to people about how they’ve been getting screwed by elites. I can’t imagine how I could expect to win by serving those elites. If people want a social conservative who will protect millionaires, they will normally vote for the GOP candidate. Right?
I can only assume that Mark Pryor cast his vote with his reelection prospects in mind. I just don’t get his reasoning.
Pryor won’t be Senator forever. What happens next has to do with what people named “Walton” and “Tyson”, or the suits who work for people named “Walton” and “Tyson”, think of him.
Yup. This was all about the rich people not getting mad and getting even with him; and that’s why Democrats like Pryor won’t win until they recognize they have to go through the likes of the Waltons and go purely progressive. Shake up the state; it’s cheap enough that while he can’t ever achieve parity in the era of Citzen’s United he can get his progressive message out.
And we are the 99% v. the 1% is a message that would sell a hell of a lot better than I’m Republican-lite.
that’s kind of what I keep coming back to. I look at guys like Chris Dodd. Dodd set himself up for a cozy gig. He wasn’t a bad senator. He was better than most, actually. But he knew where to hold back. And now he runs the Motion Picture Association of America.
What happens next? I already figure Pryor is the Senator from Wal-mart, just like Biden used to be known as the Senator from MBNA.
But the model there, which has been very successful until a black president entered the Oval Office, is to follow the DLC/Blue Dog model pioneered by the Clintons.
Successful in what way? Getting elected? And how do you easily do that? Corporate cash!! That’s what the DLC/Blue Dogs are, Boo. They are the corporate whores of the party. How many people, outside of political junkies, even know what or who the DLC is?
Yes, Yes, Yes, and No One
Spot on Calvin.
The DLC isn’t any more. Per Wikipedia.
But the “New Democrats” like “New Labor” in the UK persist.
Looks like a paired vote that doesn’t change the outcome. Arranged by the leadership to protect these two? Neither are running this year.
Well here’s the statement Pryor released:
Mountain Man Rendezvous Woolly Hollow State Park April 20-22
Statement by Senator Mark Pryor In Opposition to the Buffett Rule
There is no disputing that the wealthy should pay their fair share in taxes. This inequity should be fixed as part of broad tax reform, not as a political ploy meant to score points. A serious, bipartisan effort to reform the tax code could pass Congress and be signed into law, ensuring that employees no longer write larger checks to Uncle Sam than their CEOs.
Since they were (without Pryor) still 8 votes short of 60, it sounds like he was just trying to make a point. A populist point.
” … This inequity should be fixed as part of broad tax reform, not as a political ploy meant to score points. A serious, bipartisan effort to reform the tax code could pass Congress and be signed into law, ensuring that employees no longer write larger checks to Uncle Sam than their CEOs.”
That’s some serious wankery right there. Pryor trying to have his cake and eat it too. What an asshole.
That is such a BS statement by Pryor that I go back to emphasize his providing cover for Collins so it can seem like a “bipartisan” vote.
If that was his serious reason, a decent Senate majority leader would punish his disloyalty in some way. Because he is essentially calling out his own leadership with his statement.
The only other possibility is that he might switch to GOP. Lots of luck he’ll have there.
Buffet Rule? What a f…ing joke…
My CPA is coming to my house tomorrow to get my signature on my extension, and to get a check for 300,000, which represents 90 percent of my anticipated tax liability over and above the 210,000 that was already withheld from my F…ing salary…I’m paying 33.7 percent of my income to Obama…but that doesn’t include the state income tax of the states in which we do business (I’ll take an additional 10 percent hit in M…..F…ing California)…don’t forget about property and sales tax…You Progs are taking AT LEAST 45 F…ing percent…
Disgusting…
I could have opened two new Health Clubs, and employed another 50 or so people with that money…now it gets flushed down your Profressive Rat Hole..
What a great system!
I need to file an extension so I can document my Charitable Contributions to save horses, and kids…
But M…..F…ing Obama wants to eliminate those deductions…
F…ing Alice in Wonderland!
Maybe your CPA sucks. Have you thought of that. Because Romney is paying about one fourth the effective tax rate that you are paying. Maybe you should call the Cayman Islands and set something up.
Boo…you very well know the difference between me and Romney…he gets taxed on dividends at 15 percent…I get taxed on business income at 35 percent…oh, I’m sorry, let’s make it Clinton’s 39.6 percent! Wonderful! Great for job creation!
Goodness, quit your whining. You make 250k plus? Good for you. You poor thing.
Jobs are created by the poor and middle class folks who buy most of the goods and services in this country.
Are you trying to claim that Clinton’s tax rate hurt job creation?
His dick is longer than yours, too.
Ridiculous…to quote my Aunt Kathy…when I was 8…”It’s not a dick, it’s a penis”…
I have to tell Y’all about my Aunt Kathy…her Mother-in-Law, my Grandmother, was a dedicated Progressive…her ultimate hero was FDR…since my parents we’re apolitical (drugs, alcohol and sex were much more important), I was influenced heavily by my pro-FDR Grandmother as it related to politics…I remember that we students had to vote in in a “mock” election in 1976…I, due to my Grandmother’s convictions, voted for Jimmy Carter!!!!!!!!!!
I told this to Aunt Kathy…as a Conservative Married Woman…she couldn’t believe it…that was my very first exposure to Conservative ideas…she was truly an “Iron Woman”… She died in a car accident in 2009 with my Progressive Grandmother…and my apolitical cousin Kimberly…three generations lost in an instant…
Here’s why Aunt Kathy had the impact she had…she loved EVERYONE! She didn’t judge anyone, even her a abusive husband (my Uncle)…she lived the example of Jesus, even though she was dominated by doubts due to the early deaths of her brother Kenny, and her daughter Christa (my uncle and cousin)…
Someone has to produce goods and services before someone can buy them!
I’m not asking for sympathy…I’m very fortunate…we’re trying to make everyone “Rich”!
So, you are saying that you run exercise clubs, and that you had about 1,500,000 in tax-exposed profit. And that’s after you depreciated all your exercise equipment, etc.
You can’t depreciate equipment that you lease…you can only depreciate it if you own it…
If you lease it, you expense it at the cost of the lease payment. You expenses it at 100% of the cost of the lease payment. That’s why leases on plant and equipment exist in the market.
You won’t take an additional 10% hit because you can deduct your state liability. Or you can choose to deduct the sales taxes you pay there if that’s larger. You can also deduct property taxes of your businesses as a business expense Oh, what’s that? Romney wants to eliminate that? Got it.
Also, I wrote a Matlab program that calculates your income tax rate so I can make budgets for myself. If you bring in $300,000, live in California, deduct NOTHING — let me repeat that: DEDUCT NOTHING — you pay $106578.266490 in taxes. Or, 35.526089%. That includes state, federal, and payroll.
Just for shits and giggles, if you made 10,000,000 in California on wages, and again…DEDUCT NOTHING….you would pay $4284785.648050, or 42.847856.
You You’re either a liar, you’re giving 10% more of your income to the government than you need to, or your CPA sucks.
Over here in low tax Ireland you would be paying 45% to Auntie Eire. My heart bleeds for you.
And most of that is going to bail out banksters and hedge funds who made risking best on speculative investments and should have been forced to take the losses…
You are saying your personal tax liability is $510K (or is that your business’s tax liability)? If it’s your personal liability, stop your whining.
Golly. Struggling business owner–like hell you are. Just another privileged whiner who has no clue of how the rest of the world, a lot of whom work much harder than you do, lives.
How much personal expenses do you hide as business expenses? Country club? Business eating club? Travel?
Iunno, by the sound of it, he does a pretty shitty job. But I think he’s mostly a liar, and does what I see conservatives always do: just add up the stated rates, and make believe that’s what they’re paying in taxes. He’s like Jamie Dimon: doesn’t know if he’s paying 35% or 39.6%, just knows that whatever it is, it’s always “too much”. Besides, I already showed with my Matlab program that he’s full of shit. Because of the state income tax deduction from your federal obligation, no one in this country pays more than 43.144997% tax. No one.
Too bad for you. I want to get you to pay more. You don’t pay enough.
I don’t care. To me the Buffet Rule is statistical noise. It’s easy to avoid, and just pushes the debate even further. First it’s, “No tax increases on $250,000 or less.” Now it’s no tax increases on “$1 million or less.” Ridiculous. Just let the Bush tax cuts expire and fill in the holes.
However, it’s still good for your average voter. So the politics is still good, but the policy is “meh…” And with that, I can’t explain Pryor’s behavior either.
Pryor wants to avoid being depicted as a tax-raiser. For anyone. Or a foe to business. Of any size. It’s the same reason why the Democrats refused to hold separate votes before the 2010 election on the expiration of the tax cuts on income above $250K. Many of them are deathly afraid of ads on taxes, particularly when they face close elections. By all reports two of the people who played it that way in 2010 were Feingold and Boxer. They think if they neutralize the issue of higher taxes, they can squeak out a victory, but if they don’t, they’ll lose. I just about guarantee that that was Pryor’s thought process.
His people probably figure they might be able to win on populism, but it’s risky and didn’t work for Bill Halter, and they figure they have a better chance running as the kind of Democrat who sticks it to those Washington Democrats hell-bent on raising taxes to the tune of billions of dollars.