White House officials this week conceded the Buffett Rule would only produce $47 billion over ten years in additional tax revenue for the government, CBS News White House correspondent Mark Knoller reported. That amounts to just 0.6 percent of the $7 trillion in spending projected for that period. Still, a White House official called that a "meaningful amount of money" that more importantly addresses "a basic principle of tax fairness."
So...$4.7 billion dollars a year? Does anyone know how fast the government spends $4.7 billion dollars?