Please ensure Javascript is enabled for purposes of website accessibility

President Obama Would Like Those Critical of His Deficit Reduction Plan To Get a Nerdier Argument

By now, you’re probably heard about President Obama’s new plan for reducing our nation’s deficit. It involves raising taxes on the wealthiest of citizens including this new thing called the “Buffett Rule” which would force anyone making $1 million a year to pay a tax rate that is at least as high as the one paid by middle-income taxpayers. Predictably, Republicans have not warmed to the idea and are reacting on cue. Congressman Paul Ryan (WI) got feisty, saying the Buffett Rule was an example of “class warfare.”

The President, not always thrilled with criticism, sees it as slightly more complicated than that:

“This is not class warfare — it’s math,” Mr. Obama said from the White House Rose Garden, addressing GOP critiques of his plan head on.

Yeah Paul Ryan, Mr. Chairman of the House Budget Committee. If you’re not willing to get all nerdy about it, the President doesn’t want to hear it. Come back when you’ve got a blackboard filled with equations.

Obama: “This is not class warfare — It’s math” [CBS]

By now, you’re probably heard about President Obama’s new plan for reducing our nation’s deficit. It involves raising taxes on the wealthiest of citizens including this new thing called the “Buffett Rule” which would force anyone making $1 million a year to pay a tax rate that is at least as high as the one paid by middle-income taxpayers. Predictably, Republicans have not warmed to the idea and are reacting on cue. Congressman Paul Ryan (WI) got feisty, saying the Buffett Rule was an example of “class warfare.”

The President, not always thrilled with criticism, sees it as slightly more complicated than that:

“This is not class warfare — it’s math,” Mr. Obama said from the White House Rose Garden, addressing GOP critiques of his plan head on.

Yeah Paul Ryan, Mr. Chairman of the House Budget Committee. If you’re not willing to get all nerdy about it, the President doesn’t want to hear it. Come back when you’ve got a blackboard filled with equations.

Obama: “This is not class warfare — It’s math” [CBS]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

angry stress ball

Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls

It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of […]

The Accountant Shortage is So Bad Anime Waifu Girlfriends Are Taking Up Tax Prep Now

TW: TurboTax bashing Before you get all bent out of shape over an anime dating sim that asks for your Social Security number for the purposes of helping you complete your federal tax return, know two things: Steam yeeted the game you’re about to see off the platform in a mere 24 hours and Tax […]