Whitehouse told reporters today that he plans to introduce the bill Wednesday, after it is scored by the Joint Committee on Taxation. As Sargent noted, Senate Republicans are likely to rule out the proposal unanimously.
Republicans have, indeed, gone a long way to protect the low tax rates of the wealthiest Americans. They insisted on a one-year extension of the budget-busting high-end Bush tax cuts in December 2010 and their intransigence on taxes repeatedly took the government to the brink of shutdown and default in 2011, even costing the U.S. its first credit downgrade.
Sen. Whitehouse To Introduce 'Buffett Rule' Bill To Raise Taxes On Millionaires | ThinkProgress
Republicans have, indeed, gone a long way to protect the low tax rates of the wealthiest Americans. They insisted on a one-year extension of the budget-busting high-end Bush tax cuts in December 2010 and their intransigence on taxes repeatedly took the government to the brink of shutdown and default in 2011, even costing the U.S. its first credit downgrade.
Sen. Whitehouse To Introduce 'Buffett Rule' Bill To Raise Taxes On Millionaires | ThinkProgress