On The Hill

Congress Preps for Tax Battle

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.