What is also a bit unsettling is as the President makes the rounds touting the Buffet theme (which is a very shallow political trick as even the CBO says it will not even come close to what is claimed) is that he quotes or the WH in their statements quotes and actually states in documents accompanying the proposal in Section V a reference to "Nobel-Prize winning economic Peter Diamond and renowned tax economist Emmanuel Saez" and a report that they put together and they use that to provide some basis for the tax increase on a few that will not even make a dent in our deficit.

HOWEVER, they do not mention this part of the report..."In fact, what the study is best known for is its stunning conclusion — much talked about in liberal policymaking circles — that the “optimal tax rate” is “73 percent, substantially higher than the current 42.5 percent top U.S. marginal tax rate (combining all taxes).”

73%! The top U.S. tax rate hasn’t been that high since 1969. It was 70 percent when Ronald Reagan took office in 1981 and cut taxes across the board, helping launch a 25-year economic boom after the stagflation-ridden 1970s. (And other research by Saez suggest the top tax rate should be 83%, back where it was in the 1940s.)

Buffett Rule tax just the start for Obama « The Enterprise Blog

or

An Error Occurred Setting Your User Cookie

The tax increases are a coming

PS...not sure why the link to the actual report says what it does but it works.