By Ben Cohen: Predictably, the Republicans in the Senate blocked the Democrat's 'Buffet Rule' bill that would tax millionaires at at least 30% of their income. It was predictable because of the Republicans pathological need to sabotage any measures that would help the economy - a ...read more
Senate Republicans defied President Barack Obama on one of his top election-year issues on Monday, derailing a Democratic bill forcing the top US earners to pay at least 30% of their income in taxes. The vote came the day before Americans' annual taxes are due. The 51-45 ...read more
President Barack Obama released tax forms on Friday that reveal he will probably pay a higher tax rate on lower income than likely Republican opponent Mitt Romney in 2011, adding fuel to a Democratic election-year effort to raise taxes on the wealthy. Obama paid an effective ...read more
Senate Democrats are teeing up a vote on the “Buffett Rule” legislation on the eve of Tax Day, and are pledging to push the issue all year as a defining contrast between the parties ahead of the election. Senate Majority Leader Harry Reid scheduled the cloture vote for April ...read more
