The Great Buffett Caper

  • Aired:  04/17/12
  •  | Views: 76,824

According to Republicans, $47 billion in millionaire's money is less than $300 million in mammograms and birth control. (3:17)

(LAUGHTER) IT'S TAX DAY.

SO JUST AS AMERICANS ARE WRITING THEIR CHECKS TO THE I.R.S.,

SENATE DEMOCRATS HAVE DECIDED TO BRING TO A VOTE THE BUFFETT RULE THAT ENSURINGS PEOPLE EARNING

OVER A MILLION DOLLARS A YEAR PAY AN EFFECTIVE TAX RATE OF 30% INCLUDING INVESTMENT INCOME AS

OPPOSED TO THE JIMMY BUFFETT RULE WHICH IS WHICH ASSURES THAT... WHAT'S THAT?

OH, EVERYBODY'S DONE THAT JOKE ALREADY?

ALL RIGHT.

(LAUGHTER) HOW ABOUT THE BUFFET RULE THAT SAYS YOU SHOULD USE THE TONGS FOR...

(LAUGHTER).

I'M JUST BEING STUPID.

I UNDERSTAND.

TO THE SENATE FLOOR.

>> THE BUFFETT TAX WOULD RAISE A MERE PITTANCE IN THE SCOPE OF FEDERAL BUDGETS.

>> IT WOULD COVER ABOUT TWO DAY'S WORTH OF THE DEFICITS.

>> IT WOULD RAISE ABOUT HALF OF ONE DAY'S WORTH OF FEDERAL SPENDING.

>> Jon: THAT WOULDN'T PAY FOR A HALF DAY'S WORK ON THE SECRET

REANIMATE RONALD REAGAN PROJECT... OOPS.

(LAUGHTER) ZOMBIE REAGAN.

BUT POINT TAKEN SENATOR THUNE.

THE BUFFETT RULE WOULD ONLY RAISE...

(LAUGHTER).

THE BUFFETT WOULD ONLY RAISE...

REALLY?

(LAUGHTER) MY JIMMY BUFFETT JOKE NOTHING,

THE BUFFETT CAPER JOKE...

(APPLAUSE).

ALL RIGHT.

ALL RIGHT.

SENATOR THUNE IS POINTING OUT THE BUFFETT RULE WOULD ONLY RAISE $47 BILLION OVER THE NEXT

TEN YEARS.

I MEAN, THAT'S BARELY...

(LAUGHTER).

18.79... WHY DIDN'T I EVER LEARN TO DIVIDE BY 10?

(LAUGHTER) ANYWAY, POINT IS, $4.7 BILLION PER YEAR ISN'T WORTH THE TROUBLE.

>> THE BROADER DEBATE ABOUT FUNDING FOR PLANNED PARENTHOOD

IS NOT JUST IDEOLOGICAL, IT'S A FUNDING ISSUE.

OVER $300 MILLION A YEAR IN TAXPAYER FUNDS.

>> $363 MILLION A YEAR TO PLANNED PARENTHOOD.

THAT'S A LOT!

(LAUGHTER)

>> Jon: WELL, THERE'S SOME NEW MATH FOR YOU.

SO LET ME SEE IF I CAN GET THIS STRAIGHT.

$47 BILLION IN MILLIONAIRE'S MONEY IS LESS THAN $300 MILLION DOLLARS IN MAMMOGRAMS AND BIRTH CONTROL.

IS THAT WHAT IT IS?

(BLEEP).

(LAUGHTER) TO NO ONE'S SURPRISE, THE REPUBLICANS SUCCESSFULLY FILIBUSTER IT HAD BUFFETT RULE

USING 45 VOTES TO BLOCK IT FROM COMING TO THE FLOOR FOR A DEBATE.

EVEN IF THEY HAD PASSED IT REPUBLICANS KNEW IT WOULDN'T MATTER ANYWAY.

>> THE WEALTHY HAVE AN ARMY OF LAWYERS AND ACCOUNTANTS WHO CAN HELP THEM WORK AROUND THIS

SO-CALLED BUFFETT TAX.

>> Jon: YOU KNOW, I DON'T GIVE THE REPUBLICANS ENOUGH CREDIT FOR BEING DEEP.

THAT'S SOME NO EXIT (BLEEP).

"THEY JUST WORK AROUND IT ANYWAY, WHAT'S THE POINT, WE'RE ALL GOING TO DIE.

WE COULD PASS THE PW *UFLT RULE BUT IT'S LIKE BECKETT SAID IN WAITING FOR GOD DOE, WE GIVE

BIRTH ASTRIDE THE GRAVE." (LAUGHTER) SENATOR WORM FOOD FROM THE GREAT

STATE OF DEPRESSION YIELD IT IS REMAINDER OF HIS

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