Economy

The Romney Rule

Joe Biden will introduce the world to The Buffet Rule's evil twin, The Romney Rule, during a campaign stop in New Hampshire today.

Biden will coin a new phrase — “the Romney Rule” — to illustrate his case, according to excerpts of his remarks released by the Obama campaign.

“The Buffett Rule says that multi-millionaires should pay at least the same percentage of their income in taxes as middle-class families do,” Biden will say.

“The Romney Rule says the very wealthy should keep the tax cuts and loopholes they have, and get an additional, new tax cut every year that is worth more than what the average middle class family makes in an entire year.”

This is perfect messaging.

It's easy to understand, easy to repeat, and it's directly associated with Romney. It also has the added benefit of being completely true, so the only way to debunk it is to come out against new tax cuts. And we all know that's not going to happen.

This is why we love Joe Biden.