A day before Tax Day, the deadline for filing taxes (or tax extension requests), the Senate voted 51-45 for the Paying a Fair Share Act of 2012—endorsing the bill that would make possible the “Buffett Rule” on taxes. But it fell short of the 60 votes needed to make it filibuster-proof. And the proposal failed to advance. “It is inexcusable that a multimillion-dollar earner can pay a lower tax rate than a Rhode Island truck driver,” said Sen. Sheldon Whitehouse, D-RI, after the vote. Whitehouse was a sponsor of the act, which would ensure that millionaires paid at least a 30 percent effective tax rate. Should he and other Democrats give up their drive? Or press ahead despite the odds?
Poll: Should Democrats Keep Trying for the Buffett Rule on Income Taxes?
U.S. Senate vote along party lines doomed proposal for raising taxes on many millionaires.
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Project Reach May 17, 2013 at 10:42 am
Here's the link! https://www.facebook.com/events/136733476519019/?ref=22