Let’s Make A New “Buffett Rule”

In 2012, billionaire liberal Warren Buffett came to the rescue of President Obama by arguing, as a billionaire, for tax increases on the rich. Mr. Buffett proposed what he called “The Buffett Rule”, which would apply a minimum tax rate of 30 percent on individuals who make more than $1,000,000 a year. Mr. Buffett, being the selfless bleeding heart liberal billionaire Wall Street insider that he is, proposed this after being so distraught at the fact that his secretary paid a higher effective tax rate than he did.

How exactly did Warren Buffett get to pay a lower effective tax rate than his secretary? Well, he made most of his income from investments, which do not get taxed at regular income levels for a variety of reasons. But a major contributing factor to his low effective tax rate is the fact that he has made “charitable” donations to radical abortion businesses that masquerade as non-profits – $1.8 billion in donations to the baby killing industrial complex, to be exact.

So how many abortions did Warren Buffett have to pay for in order to pay a lower effective tax rate than his secretary? Well, according to the Guttmacher Institute, the average abortion costs $470. At $1.8 billion – that’s billion with a B, by the way – that is enough to cover 3,829,787 abortions.

President Obama honors Warren Buffett with the Medal of Freedom in 2011.
President Obama honors Warren Buffett with the Medal of Freedom in 2011.

3,829,787. There are 3,829,787 fewer people on this earth because of Warren Buffett. What a legacy. What a legend.

In light of this, I’m proposing a new Buffett Rule. The rule is simple. Donations to organizations that provide abortions, seek to advance abortions, and/or sell pre-born baby body parts are no longer tax deductible. That should help Buffett and all of these other billionaires that love abortion and high taxes feel better and get just a little bit more sleep at night.

Can’t do that, you say? Why not? As we speak, the left is seeking to take away the tax deductible status of Christian organizations simply because they don’t believe in and choose not to participate in gay marriages. If they can do it, ostensibly to protect the LGBT community, then we can do it to protect the preborn community, which is much more inclusive and expansive as it includes people of all races, creeds, orientations, genders, you name it – insert whatever crazy category with which the left seeks to divide us here.

It’s absurd that promoting the death of millions is a tax write-off. Let’s change that.

Terry Schilling is the executive director of American Principles Project.