Political Headlines April 16, 2012: Senate Republicans Reject President Barack Obama’s Buffett Rule 30 Percent Income Tax Rate for Millionaires

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
About these ads
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: