Senate Blocks Buffett Rule - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Senate Republicans on Monday blocked legislation to make millionaires pay at least the same tax rate as middle-class families. "It is absurd that at a time when our country has a $15.6 trillion national debt and enormous unmet needs, the wealthiest people in this country have an effective tax rate that is lower than many middle-class people. It makes no sense that the richest people in America pay an effective tax rate lower than small businessmen, nurses, teachers, police officers and others," said Sen. Bernie Sanders. He cosponsored the measure named after billionaire investor Warren Buffett, who says it is unfair that he pays a lower effective tax rate than his secretary.
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