A new report from the White House highlights the need for Congress to take action and pass the Buffett Rule. Here are some of the highlights.
Have a question about the Buffett Rule? Join us on Wednesday, April 11th at 3:00 p.m. EDT for a session of Office Hours on Twitter with Brian Deese, Deputy Director of the National Economic Council.
Apr. 10, 2012 – Campaigning in Florida Tuesday, President Barack Obama outlined his support for the so-called "Buffett rule." Obama says he wants to revamp the US tax law under which wealthy investors often pay taxes at a lower rate than middle-class
April 10 (Bloomberg) — President Barack Obama's proposed “Buffett rule” would use the US tax code to combat widening income inequality, said Alan Krueger, chairman of the White House Council of Economic Advisers. “At a time when the market is driving
Would the Buffett Rule tax really make the tax system more progressive? Not so much. According to the Tax Policy Center, “middle-income households, on average, will pay 2015 taxes totaling about 15% of their income