Page 20 - Buffet Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cash and donors from the folks like big oil companies and major corporations and special interest groups who will benefit from their policies that mitt romney has committed to return us to. barack obama we have a people powered campaign. our average contribution is $50. we have well over a million and almost approaching 2 million online grass roots donors. 90% are less than $200. it is important that we make sure that this is a campaign about the grass roots. >> they are planning to raise 300 millions, when it comes to small donations. as you know senate republicans blocked the buffet rule. re...

Welcome back to "the ed show." today, every member had a chance to take a stand on fairness. the verdict is in. paying fair share act was blocked by republicans. senator susan collins of maine was the only republican to vote for it. president obama said senate republicans voted to block the buffet rule choosing once again to protect tax breaks for the wealthiest few americans at the expense of the plid l class. mitch mcconnell said the proposal was nothing more than a political gimmick by president obama. >> we're in a crisis here and sadly it's all politics all the time. for him, it's not abo...

Popular. >> breaking news, the senate voting right now on the buffet rule and the bill failing tonight. they called for a vote or the buffet rule today knowing it would never muster the 60 votes needed to pass. >> you probably heard a lot about the buffet rule. it would create an effective tax rate for people making a million dollars or more a year. it would do that to avoid a scenario in an x private bar republican president candidate drawing $20 million a year in capital games, let's call him kit dumbny would pay an efktive tax rate of 14% while middle class pays a tax rate higher than that....

Rich is the lowest its been in decades where as you have just shown us, you have billionaires paying a lower effective tax rates than teach terse and firefighters. >> i kind of viewed the buffet rule as a start. really as a start. >> exactly. >> you think we should have gone further. >> absolutely. here is what worries me very much. if we don't turn this around, we are going to lose the democratic foundations that have made this country the nation that it is and we are going to move very rapidly, which is where we're going right now into an ol gar kick society where a handful of people control...

Americans. then on top of that, the effective tax rate for the very rich is the lowest its been in decades where as you have just shown us, you have billionaires paying a lower effective tax rates than teach terse and firefighters. >> i kind of viewed the buffet rule as a start. really as a start. >> exactly. >> you think we should have gone further. >> absolutely. here is what worries me very much. if we don't turn this around, we are going to lose the democratic foundations that have made this country the nation that it is and we are going to move very rapidly, which is where we're going rig...