Archive

Congress Preps for Tax Battle

On The Hill

Senate set to vote on “Buffett Rule.”

cheats/2012/04/16/congress-preprs-for-tax-battle/congress-tax-battle-cheat_ro0mof
Pablo Martinez Monsivais / AP Photo

Congress is back from recess and ready to start fighting. The Senate is expected to vote on the “Buffett Rule”—the proposal that people who make more than $1 million a year will be required to pay 30 percent in federal taxes. The bill is expected to fail under Republican filibuster. Over in the House, Republicans are preparing to vote on a bill that raises deductions for businesses with fewer than 500 employees. It, too, is expected to fail.

Read it at Talking Points Memo

Got a tip? Send it to The Daily Beast here.