Tammy Baldwin is a member of the United States House of Representatives, representing Wisconsin's 2nd District.
Middle-class Americans are struggling daily to find jobs, pay their mortgages, send their kids to college and keep food on the table. Meanwhile, the ultra-rich are reaping benefits unavailable to the rest of us. No wonder middle-class taxpayers have long felt that our tax system is rigged against them. Frankly, it is.
Even billionaire Warren Buffett expressed dismay that his secretary paid a higher effective tax rate than he did. In 2010, Debbie Bosanek, Buffett's secretary in Omaha, Neb., paid a tax rate of nearly 36 percent while her boss, who earned $62 million that year, paid a rate roughly half that—17.4 percent.
[See a collection of political cartoons on the economy.]
Under both Democratic and Republican administrations, our current tax code has been bought and sold by powerful special interests. Millionaires and billionaires hired armies of lobbyists to write tax laws that benefit only themselves. They pushed for loopholes and special provisions that allow approximately a quarter of all millionaires in this country to pay lower effective tax rates than millions of middle-class families.
President Ronald Reagan sought to change these inequities in our tax system. Three decades ago, he said it was "crazy" that a bus driver could pay more in taxes than a millionaire and spoke of closing "the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share."
I agree with President Reagan and President Obama that hardworking, middle-class Americans deserve a fair shake. That is why I have introduced legislation in the House that would put into law what we've come to call the "Buffett rule."
[Read How the 'Buffett Rule' Helps the Economy.]
The Paying a Fair Share Act would ensure that middle-class workers do not pay a higher tax rate than those earning more than $1 million a year. This common sense solution would address the disparity that Warren Buffett decried, and it would reduce the deficit by billions of dollars over the next decade.
It's high time we leveled the playing field between middle-class taxpayers and millionaires and billionaires. The Paying a Fair Share Act will help restore people's faith that if you work hard and play by the rules, you'll have a chance to get ahead.
I am asking all of my colleagues to join me in taking this first step to strengthen our middle class and rebuild our economy with a commitment to shared responsibility and shared sacrifice.
A meeting of the sharpest minds on the day's most important topics, Debate Club brings in the best arguments and lets readers decide which is the most persuasive. Read the arguments, then vote. And be sure to check back often to see who has gotten the most support—and also to see what's being discussed now in the Debate Club.
Have ideas about what the Club should be debating? E-mail it to dclub@usnews.com.
You can also join the debate on Facebook or follow Debate Club on Twitter.
Advertisement Cartoons See cartoons on the GOP 2012 hopefuls. See cartoons on the European debt crisis. See cartoons on Barack Obama. Thomas Jefferson Street BlogWhoever dreamed the phrase "stay-at-home mom" to update "just a housewife" had a passive-aggressive streak.
Mitt Romney's seemingly contradictory statements on motherhood and the "dignity of work" are not as big a deal as Ezra Klein thinks.
It's not healthy to elect presidents who win because they have come out ahead in a mathematical equation that divides the country along gender and racial lines.
Obama's "Buffett rule" would hurt the women he to whom is trying to pander.
What I learned at George Washington's distillery
Subsidiarity is not a synonym for federalism, as Ryan has it, and it should never be conflated with economic libertarianism or individualism.
Invoking the Kochs is a misdirection that allows the campaign to talk about secretive right-wing conspiracies rather than confronting the truth.
Mitt Romney should talk about creating the kind of economic growth that allows all women choice in terms of work-life balance.
Advertisement SubscribeAn insider's guide to politics and policy, available on the iPad or as a PDF download.
Subscribe today!See the latest editorial cartoons on President Obama.
Take a look at the potential 2012 presidential candidates.