MONEYWATCH
"Buffett Rule" fails in the Senate
April 16, 2012
April 16, 2012
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photo courtesy flickr user John-Morgan
Updated: 7:20 pm ET
The Senate on Monday struck down the so-called "Buffett Rule," a Democratic-backed measure that would require high income Americans to be taxed at a rate of at least 30 percent, with 51 Senators voting to proceed with a vote on the legislation and 45 voting not to proceed with a vote.
Democrats needed 60 votes to overcome a filibuster.
The vote was largely along party lines. Susan Collins, of Maine, was the sole Republican to vote for the rule, and Senator Mark Pryor, D-Ark., was the lone Democrat who voted against
Updated: 7:20 pm ET
The Senate on Monday struck down the so-called "Buffett Rule," a Democratic-backed measure that would require high income Americans to be taxed at a rate of at least 30 percent, with 51 Senators voting to proceed with a vote on the legislation and 45 voting not to proceed with a vote.
Democrats needed 60 votes to overcome a filibuster.
The vote was largely along party lines. Susan Collins, of Maine, was the sole Republican to vote for the rule, and Senator Mark Pryor, D-Ark., was the lone Democrat who voted against
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