Republicans are calling it the Buffett Rule Act, but they should have called it the Call-the-Liberals'-Bluff Act.  Democrats and Republicans in the House agreed that wealthy Americans who want to voluntarily pay more taxes to reduce the deficit can "check a box on their taxes and send in a check for more than they owe the IRS." Billionaire Obama supporter Warren Buffett was the inspiration for the Buffett Rule tax the Democrats, led by Obama, proposed based on Warren's statement that he shouldn't pay a lower tax rate on his gazillions of investment dollars than his secretary Debbie Bosanek, who earns over a quarter-million dollars a year. According to Forbes magazine, Ms. Bosanek "served as a stage prop for President Obama's State of the Union speech. She was the president's chief display of the alleged unfairness of our tax system - a little person paying a higher tax rate than her billionaire boss." The President should have spared Debbie the 15 minutes of fame and paid...(Read Full Post)