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On The Hill

Congress Preps for Tax Battle

Senate set to vote on “Buffett Rule.”

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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

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