I thought the problem was that Warren Buffet and his type don’t pay their fair share. This taxes income and all their money comes from investments and capital gains. They keep their “income” lower just to avoid income taxes. Buffet still won’t pay any more taxes if this is passed.
I think they must be going after interest and capital gains which has to hit the moderate income people living off investments as well unless they say capital gains over $XX,000. Still, that will shift large sums out of investments. Sure to greatly help jobs (like hell it will).