Buffett Rule Fails to Advance in the Senate

By: Tuesday April 17, 2012 6:15 am

To the surprise of absolutely no one, Senate Republicans blocked consideration of the Buffett rule last night with a filibuster. The bill would have set a millionaire’s minimum effective tax rate at 30%, with a phase-in between $1 million and $2 million and an exemption for charitable donations. But Senate Republicans wouldn’t let it get [...]

Buffett Rule to Be Filibustered Today

By: Monday April 16, 2012 10:56 am

Today, the Senate will vote on a motion to proceed to the Buffett rule, formally known as the Paying a Fair Share Act. This concludes a two-week push by Senate Democratic leaders and the Obama Administration on the bill, and the larger conversation around tax fairness and the need for the rich to pay a [...]

President Continues Full-Court Press on the Buffett Rule

By: Wednesday April 11, 2012 9:41 am

The President held another Buffett rule event today in Washington, featuring a series of millionaires and their secretaries. The people who have joined me here today are extremely successful. They’ve created jobs and opportunity for thousands of Americans. They’re rightly proud of their success. They love the country that made their success possible, and most [...]

Administration Continues Election-Year Push on Buffett Rule

By: Tuesday April 10, 2012 7:05 am

It’s certainly against type to see a Democratic Presidential campaign running on taxes. In particular, raising taxes on a certain subset of the population. But as they search for an articulated agenda, the Obama campaign has latched on to the Buffett rule, the alternative minimum tax for millionaires, as a key campaign plank. I noted [...]

Obama Campaign Jumps on Buffett Rule Vote

By: Monday April 9, 2012 12:58 pm

As Jon Walker noted earlier today, the one program that the Obama campaign is pressing forward with as an election-year promise for 2012 is the Buffett rule. This would set an alternative minimum tax of sorts for millionaires, ensuring that they pay a mandatory minimum effective tax rate. The Senate will vote on the proposal, [...]

Obama Proposes Replacing AMT with Millionaire’s Minimum Tax

By: Sunday September 18, 2011 10:45 am

In tomorrow’s deficit speech, the President will propose a replacement structure for the alternative minimum tax, which would create what he will call “the Buffett rule.” It will set a minimum tax for individuals earning over $1 million a year. President Obama on Monday will call for a new minimum tax rate for individuals making [...]

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