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Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

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Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

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Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Economists: Taxes ARE Unfair, Drive Support For Buffett Rule

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Tuesday, April 17, 2012   

CHARLESTON, W.Va. - Recent polls say nearly two-thirds of Americans favor the "Buffett Rule," a proposal from President Obama that no one making $1 million a year pay less than 30 percent in income taxes. Analysts who look at the tax system say in many ways the system is unfair.

Andrew Fieldhouse, federal budget policy analyst with the Economic Policy Institute, says we have the lowest tax on capital gains and dividends since the Great Depression. He says that means many wealthy households pay a lower income-tax rate than middle class families.

"People get this. It's really simple. A lot of people would feel better about paying their taxes in April, if they felt like the tax code treated them as fairly as it does millionaires and billionaires."

The Buffett rule was named for billionaire investor Warren Buffett, who complained that he pays a lower tax rate than his secretary. West Virginians United will rally for the Buffett Rule today, as part of a national day of action for tax fairness at the corner of Leon Sullivan and Washington streets, Charleston, starting at 5:30 p.m. Information about the rally is available by calling 304-437-3701.

Fieldhouse studied the effective federal income tax rates - what people actually pay. He says households making more than $10 million a year on average pay a rate similar to upper-middle-class families. And he says many wealthy people pay an even lower rate.

"A quarter or more of millionaires are paying lower taxes than people making $40,000 to $50,000 a year."

The Buffett rule would hit few in West Virginia. Census figures say the state is 49th in the percentage of millionaires, and 48th in median household income. Fieldhouse compares the Buffett Rule to the Ryan budget, the Republican plan that just passed the House of Representatives with the support of Rep. Shelley Moore Capito (R-Dist. 2). Fieldhouse says that plan would give some millionaires a more than $200,000 break.

"Relative to current policy, it's about a $265,000 tax cut. None of it is paid for. It would also fundamentally undermine Medicare and eliminate the guarantee of Medicare coverage in old age."

Republicans have attacked the Buffett rule, saying it would do little to reduce the deficit. Fieldhouse calls that an "apples-to-bushels-of-apples" comparison. He says the White House favors letting the Bush tax cuts for the wealthy expire and letting the tax rate on capital gains rise. Combined, those changes would have a huge effect on lowering the deficit, he says.





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