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Tuesday, April 17, 2012

Buffett Rules Goes Down in Senate

“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