The Senate has voted down the “Buffett Rule” bill on a 51-45 vote. The Republicans claim the bill was a cheap election year gimmick, that it wouldn’t do anything to solve the deficit and that it would deter the “job creators” from hiring.
The first claim may be true, but today being the deadline to file income taxes, it may just work. The second isn’t true. It won’t solve the deficit, but it could do something, however small. In any event, that’s in Congress’ hands, not the President’s. The third is patently false. The “Buffet Rule” bill would affect only a small fraction of the 1%ers. These few don’t create a lot of jobs.
The “Buffet Rule” bill is all about fairness. Apparently the Senate Republicans are against fairness, and for their big donors.