For an ineffectual class warfare ploy to "work" politically, its ineffectuality must stay hidden to most. The Associated Press, aka the Administration's Press, is doing its part to keep the utter immateriality of President Obama's Buffett Rule designed to go after certain high-income taxpayers hidden.
In the five relevant articles found in a search on the Omaha billionaire's last name at the wire service's national site at 10:30 a.m. ET, only one (the latest) mentions that it might raise $47 billion over 10 years, i.e., the paltry $5 billion per year cited at media outlets ranging from CNNMoney.com to Rush Limbaugh that the rule might raise. Beyond that, if the rule is couple with permanent Alternative Minimum Tax repeal, as is being proposed (HT American Thinker) by Congressional Democrats, the federal treasury will be out hundreds of billions of dollars. None of the AP reports mentions that. Brief excerpts from the five examples follow.