Vice President Joe Biden will be giving a speech today in New Hampshire where he will coin the phrase, “The Romney Rule”.
The Buffett Rule says that multi-millionaires should pay at least the same percentage of their income in taxes as middle-class families do. 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.