Archive for the ‘Middle-class Americans’ Category
Senate rejects Obama’s “Buffett Rule” no comments
Posted at 3:27 am in Barack Obama,Billionaires,Buffett Rule,Democrats,Eric Cantor,Federal deficit,House of Representatives,Jon Kyl,Mark Pryor,Middle-class Americans,Millionaires,Mitt Romney,Newt Gingrich,Obama Administration,Republicans,Ron Paul,Senate,Susan Collins,Warren Buffett
Billionaire investor Warren Buffett and President Barack Obama.
As expected, the Republican-led Senate rejected President Barack Obama‘s “Buffett Rule” which would have significantly increased the tax rate of those earning in excess of $1 million dollar per year. The proposal was named after billionaire investor Warren Buffet, who stated last Summer that he would be happy to pay more taxes.