Hillary on Buffett Rule: ‘Those at the Top Have To Pay Their Fair Share’

“Another priority must be reforming our tax code. Now, we hear Republican candidates talk a lot about tax reform. But take a good look at their plans. Senator Rubio’s would cut taxes for household making around $3 million a year by almost $240,000, which is way more than three times the earnings of a typical family. Well, that’s a sure budget-busting giveaway to the super wealthy and that’s the kind of bad economics you are likely to hear from any of the candidates on the other side. I have a different take. (Applause)

Guided by some simple principles. First, hard-working families need and deserve tax relief and simplification. Second, those at the top have to pay their fair share. That’s why I support the Buffett rule, which make sure that millionaires don’t pay lower rates than their secretaries. I’ve also called for closing the carried interest loophole which lets wealthy financiers pay an artificially low rate. And let’s agree, hugely successful companies that benefit from everything America has to offer should not be able to game the system and avoid paying their fair share, especially while companies who can’t afford high-price lawyers and lobbyist end up paying.”