IS $31 BILLION A ‘DROP IN THE BUCKET?’
The numbers are in: the proposed Buffett Rule, which would raise taxes on the mega rich (those making over $1 million a year) would raise $31B over 11 years.
According to analysts, “That figure would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period.”
WHY WE SHOULD CARE
Our previous poll showed that our generation is overwhelmingly in favor of the Buffett Rule.
OUR TIME POSITION
Given that the Buffett Rule’s impact is relatively small compared to our overall deficit, do you still support it?
- Yes, $31 billion can be put to good use
- No, the money is too little to make a difference
We’d like to know what you think!