The Proposal That Isn’t

September 19th, 2011

It sure sounds like the Obama administration believe their “Buffet Rule” will pass:

Administration officials said Sunday night that they were not including any revenue from the Buffett Rule in Mr. Obama’s overall $3 trillion proposal, adding that it was more of a guiding principle the president will adopt as budget negotiations with Congress advance.

Under Mr. Obama’s proposal, $800 billion of the $1.5 trillion in tax increases would come from allowing the Bush-era tax cuts to expire. The other $700 billion, aides said, would come from a combination of closing loopholes and limiting deductions among individuals making more than $200,000 a year and families making more than $250,000.

So, they’ve made a proposal for a higher tax rate on individuals making more than a million dollars, but won’t include it in their tax proposal’s revenue estimates.

It’s sort of odd to say it’s “just math” when it’s not even a part of the calculation. Almost like there’s an entirely different kind of calculation going on.