Warren Buffett Rule: Class Warfare or Tax Fairness?


Erica Payne, founder of the advocacy group The Agenda Project and coordinator of the Patriotic Millionaires for Fiscal Strength, said her organization supports any name for the proposed rule if it helps to obtain Congress' approval.

Payne said her organization reached out to Buffett, and while he did not decline the invitation to join the organization's petition, he usually "operates independently."

The Patriotic Millionaires, now numbering 200, are a group of wealthy individuals who began petitioning the president last year to allow the Bush tax cuts on incomes greater than $1 million to expire at the end of 2010. Despite the extension of the Bush tax cuts, the group has continued to push legislators. The organization is now petitioning before the final 10 weeks before the super committee's deadline to consider taxing the wealthy for the deficit reduction plan. The Patriotic Millionaires are targeting millionaire politicians who may oppose the Buffett rule, including Reps. Paul Ryan, R-Wis., Ron Paul, R-Texas, John Boehner, R-Ohio, Eric Cantor, R-Va., Sen. John McCain, R-Ariz. and Sen. Orrin Hatch, R-Utah.

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