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President’s Drive to “Spread the Wealth Around” Amounts to $11.86 a Family
President Obama is trying to “…spread the wealth around...” with the Buffett Tax - legislation that won’t generate a single job for the just under 13 million unemployed workers in March, lower the price of gas, tackle America’s debt crisis or generate economic growth.
So how much would middle-class families benefit from this tax hike if it were redistributed?
A whopping $11.86 per family, per year.* This is good for about 3 gallons of gas for an average family.
Below is a state-by-state breakdown of the amount of gas a middle-class family could purchase if they received their “fair share” from the Buffett Tax.
|
STATE |
$Per Gallon, Regular |
Gallons Purchased |
|
Alabama Arkansas Arizona California Colorado Connecticut DC Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
|
$3.80 $3.78 $3.87 $4.24 $3.87 $4.16 $4.18 $3.89 $3.95 $3.84 $4.61 $3.76 $3.78 $4.08 $3.84 $3.73 $3.84 $3.81 $3.91 $3.97 $3.99 $3.80 $3.75 $3.69 $3.78 $3.78 $3.90 $3.86 $3.85 $3.86 $3.79 $3.80 $3.97 $4.15 $3.73 $3.70 $4.09 $3.97 $3.97 $3.73 $3.83 $3.78 $3.82 $3.72 $3.90 $3.97 $4.13 $3.85 $3.95 $3.63
|
3.1 3.1 3.1 2.8 3.1 2.6 2.8 3.0 3.0 3.1 2.6 3.2 3.2 2.9 3.1 3.2 3.1 3.1 3.1 3.0 3.0 3.1 3.2 3.2 3.1 3.1 3.0 3.1 3.1 3.1 3.1 3.1 3.0 2.9 3.2 3.2 2.9 3.0 3.0 3.2 3.1 3.1 3.1 3.2 3.0 3.0 2.9 3.1 3.0 3.3
|
Source for price of fuel: AAA Fuel Gauge Report, April 13, 2012
*Data calculated by Senate Finance Committee Minority Staff.
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