‘Buffett Rule’ Becomes A Bill, And Congress Bickers At last week’s State of the Union address, the secretary of billionaire investor Warren Buffett was seated prominently with first lady Michelle Obama. President Obama invited Debbie Bosanek to a seat in the spotlight to underscore a complaint her boss has widely made: that she pays a much higher tax rate than the 17 percent Buffett himself pays. Speaking to a joint session of Congress, Obama proposed what he called the “Buffett Rule”: Anyone making more than $1 million a year should pay no less than 30 percent in taxes. Read more

‘Buffett Rule’ Becomes A Bill, And Congress Bickers

At last week’s State of the Union address, the secretary of billionaire investor Warren Buffett was seated prominently with first lady Michelle Obama.

President Obama invited Debbie Bosanek to a seat in the spotlight to underscore a complaint her boss has widely made: that she pays a much higher tax rate than the 17 percent Buffett himself pays.

Speaking to a joint session of Congress, Obama proposed what he called the “Buffett Rule”: Anyone making more than $1 million a year should pay no less than 30 percent in taxes.

Read more

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