Mr. Buffett, if you want to pay more taxes, the Republicans are going to make it easier for you do so. Fox News is reporting that Senator John Thune has crafted legislation that will allow anyone who wants to offer a donation to the IRS will be able to when filing taxes starting next year. According to the Fox News story, Thune said, “If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have the right to do so voluntarily. This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S.Treasury above and beyond their current obligations, without raising taxes on America’s job creators.”
This is a brilliant idea and a great way to let Mr. Buffett and other notable wealthy liberals put their money where their mouth is. Given the multiple calls for raising taxes on the wealthy, these benefactors to society should be first in line to submit funding for the government programs they hold so near and dear.
In fact, all of Hollywood should also be lining up to pay “their fair share.” Let’s see, between Matt Damon, Susan Sarandon, Roseanne Barr, and the multitude of other wealthy liberals, the United States should be well on its way to economic recovery.
I suggest that the GOP submit another bill to Congress authorizing wealthy liberals to sponsor a bridge. President Obama has been travelling around the country giving speeches at bridges claiming that the United States has a crumbly infrastructure that needs to be corrected or people could die (he really should visit Russia or India sometime to see what a bad infrastructure looks like). So, my suggestion is that he implement a program called, “Save the Bridges.” An individual could donate the cost of fixing the bridge, including the cost of labor. This would add jobs and allow wealthy liberals the opportunity to clear their conscious of their apparent guilt for having so much money.
The sad truth is that we would learn very soon that these liberals are not meaning that their money should be taxed more. They are actually only interested in increasing taxes for executives (you know, evil bankers and the like). Mr. Buffett, as an executive, is very much standing with the wrong crowd on this one. And, if he truly feels that he pays too small of a tax burden, this new GOP bill gives him a chance to rectify that.