POLITICAL HEADLINES
OBAMA PRESIDENCY & THE 112TH CONGRESS:
THE HEADLINES….
IN FOCUS: SENATE REPUBLICANS REJECT PRESIDENT OBAMA’S BUFFETT RULE 30% INCOME TAX RATE FOR MILLIONAIRES
Senate rejects Obama plan for 30% tax rate for millionaires: The U.S. Senate, by a vote of 51-45, has blocked consideration of the Buffett Rule, a key initiative by President Obama to require millionaires to pay a minimum tax rate of 30 percent. Republicans kept the measure from receiving the 60 votes necessary to allow the Senate to open debate…. – WaPo, 4-16-12
- Republicans reject ‘Buffett rule’ in the Senate: Republican-led opposition blocked the ‘Buffett rule’ from advancing in the Senate, turning back an election year effort by President Obama to slap a new tax rate on those earning beyond $1 million a year…. – LAT, 4-16-12
- Senate fails to advance Buffett rule: The Democratic-controlled Senate failed on Monday to reach a super-majority needed to pass a tax plan offered by President Obama to require millionaires to pay a 30% minimum effective tax rate…. – USA Today, 4-16-12
- Senate Blocks Buffett Rule 30% Tax Floor on Top Earners: The US Senate blocked the proposed Buffett rule that would set a minimum 30 percent federal tax rate for the highest earners. The 51-45 vote today in Washington fell short of the 60 needed to advance the measure…. – BusinessWeek, 4-16-12
- Senate GOP blocks Obama’s ‘Buffett rule’ minimum tax on millionaires: Senate Republicans blocked President Obama’s so-called “Buffett Rule,” as the proposed minimum tax rate for millionaires failed to advance in a procedural vote Monday. The measure received majority support, 51-45, but 60 votes were required for the … – Fox News, 4-16-12
