“It’s not about class warfare. It’s not about attacking the wealth. It’s about making sure that everybody’s paying their fair share,” said Keith Boykin, who worked for the Clinton administration.
On Thursday, Vice President Joe Biden took aim at what he called the “Romney Rule,” portraying the presumptive Republican presidential nominee Mitt Romney as proposing a plan that would disproportionately benefit high-earners.
“The Romney rule says, ‘Let’s double down on the tax cuts for the wealthy,’” Biden said, later throwing back Romney’s claim that President Obama was “out of touch.”
“Hey, how many of y’all have a Swiss bank account?” Biden said to applause.
The “Buffett Rule” is named for billionaire investor Warren Buffett, who said that he had paid a lower tax rate than his secretary.
Over the past week, Obama has spoken out in favor of the plan, which would tax people making more than $1 million at a minimum 30 percent tax rate.