Senate Blocks Buffett Rule

On April 16th, the Senate filibustered the Buffett Rule, preventing a full debate on the measure, even though a majority (51-45) voted to move forward.  The Buffett Rule would set a minimum 30% tax on personal incomes over $1 million. It is a first step toward raising enough revenue for essential investments in America’s productivity and restoring the buying power of American families. The bill would limit preferences for wealthy investors, such as the low 15% tax rate for dividends and long-term capital gains.  America needs to restore a tax system that funds our nation's needs, strengthens our shared infrastructure, and reflects our values.  We urge senators who blocked the Buffett Rule to reconsider. Learn more about the tax structure America needs for a sustainable economy.

 

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