John Thune introduced the “The Buffett Rule ACT of 2011”, a tax plan with no down side in the 2012 GOP presidential primary. Thune stated:
?If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government?s debt, they ought to have that right to do so voluntarily,? said Thune in a statement. ?This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to pay more to the U.S. Treasury above and beyond their current obligations, without raising taxes on America?s job creators.?