Political Alert: Buffett Rule Fails In Senate

In what was a largely symbolic vote, President Obama’s Buffett Rule failed in the Senate. The Buffett rule would put a minimum rate of 30%, on millionaires. The vote was mostly along party lines, although 1 Democrat voted against it, and 1 Republican voted it for it. The bill needed 60 votes, and only got 51. If the Buffett Rule did pass the Senate, it was expected to fail in the House. Democrats say the rule is necessary in order to make the tax system fair, while Republicans say that it will not help the deficit at all.

About Tyler

Tyler is the chief media reporter for TKNN, with the news organization since its founding in November of 2010. He has previously served as chief political reporter and chief political anchor for TKNN.

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