“The Senate rejected consideration Monday of the ‘Buffett rule,’ a key election-year Democratic initiative that would impose a minimum tax rate on those making more than $1 million per year, as a philosophical debate over taxes that will define this year’s elections occurred on Capitol Hill.” (Washington Post)
A gimmick to take our eyes off the ball.
FEE Timely Classic
“The Buffett Rule Will Create Jobs? It Just Ain’t So” by Roy Cordato