[4/16/12] Senate Republicans on Monday blocked President Barack Obama's "Buffett Rule" legislation, which would have put a 30-percent minimum tax on millionaires, in a debate that is likely to resonate through the November general election.
Democrats, as expected, failed
to garner the 60 votes needed in the 100-member Senate to move to a full
debate and vote on the bill aimed at getting more tax revenues out of
"Tonight, Senate Republicans voted to block
the Buffett Rule, choosing once again to protect tax breaks for the
wealthiest few Americans at the expense of the middle class," Obama said
in a statement.
Fifty-one senators voted for the bill, while
45 senators voted no, effectively killing it. Republican Senator Susan
Collins voted for the tax hike, while Democratic Senator Mark Pryor
voted against it.