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Senate Republicans Filibuster Buffett Rule

The Buffett Rule, a bill backed by President Obama that would ensure millionaires pay a comparable tax rate to middle-class Americans, fell to a Republican filibuster in the Senate this evening, despite a new poll showing it to be overwhelmingly popular.

While the rule, named after billionaire investor Warren Buffett, earned a majority vote of 51-45, it didn’t get the 60 votes needed to overcome a GOP filibuster. Sen. Susan Collins (R-ME) was the only Republican to vote yes, while one Democrat, Mark Pryor (AR), voted no. Sen. Joe Lieberman (I-CT) did not vote, but put out a statement opposing the bill.

The vote is no surprise as Republicans vowed to block it, but Democrats wanted to put the GOP on the record as yet again filibustering to preserve lower tax rates for the wealthy. A CNN poll released today found that 72 percentof Americans — including 53 percent of Republicans and almost 70 percent of independents — support the Buffett Rule.

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Millionaire Governor Chris Christie Gets Butt Hurt Over Buffett Rule
Chris Christie has heard enough about Warren Buffett, and in typical fashion, the New Jersey governor had a certain blunt way of putting it.
“He should just write a check and shut up,” Christie said Tuesday on CNN’s ‘Piers Morgan Tonight.’ ”Really, and just contribute. The fact of the matter is that I’m tired of hearing about it. If he wants to give the government more money, he’s got the ability to write a check — go ahead and write it.”
“I’m so tired of talking about Warren Buffett,” Christie said, interrupting Morgan. “What are you going to bring up next, his secretary? I mean, this is the old song.”

“You haven’t even heard the question,”

Morgan exclaimed.

“I know the question. Do you really think Warren Buffett needs as much attention from the government as the most vulnerable … since I got the question right, I’m not answering the question, how about that. That’s my gift for getting the question right.”

Christie replied.
When they returned from a commercial break, Morgan continued to press Christie on the Buffett question.
“First of all, Warren Buffet doesn’t live in New Jersey,” Christie said, before ultimately answering the question. “Of course, during difficult economic times you’re most concerned about the people who have the potential to suffer the most.”
Christie made his comments in the context of saying that his job as governor is to be responsible for all New Jerseyans.

“I’m not going to get into this class warfare business where certain people are more important than others or deserves more. … Everyone deserves to have the government responsive to their concerns and needs,” 

said Christie.
Buffett, an influential billionaire, is the namesake of the “Buffet Rule,” which suggests that those earning more than $1 million a year pay at least the same rate in taxes as those from middle-class households.
The rule had been a flashpoint in the ongoing national conversation about income inequality in the context of the Occupy Wall Street and 99 Percent movements.
Buffett had claimed that it was an injustice that he, a wealthy investor, essentially paid a lower tax rate than his secretary.
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Millionaire Governor Chris Christie Gets Butt Hurt Over Buffett Rule

Chris Christie has heard enough about Warren Buffett, and in typical fashion, the New Jersey governor had a certain blunt way of putting it.

He should just write a check and shut up,” Christie said Tuesday on CNN’s ‘Piers Morgan Tonight.’ ”Really, and just contribute. The fact of the matter is that I’m tired of hearing about it. If he wants to give the government more money, he’s got the ability to write a check — go ahead and write it.

I’m so tired of talking about Warren Buffett,” Christie said, interrupting Morgan. “What are you going to bring up next, his secretary? I mean, this is the old song.

You haven’t even heard the question,

Morgan exclaimed.

I know the question. Do you really think Warren Buffett needs as much attention from the government as the most vulnerable … since I got the question right, I’m not answering the question, how about that. That’s my gift for getting the question right.

Christie replied.

When they returned from a commercial break, Morgan continued to press Christie on the Buffett question.

First of all, Warren Buffet doesn’t live in New Jersey,” Christie said, before ultimately answering the question. “Of course, during difficult economic times you’re most concerned about the people who have the potential to suffer the most.

Christie made his comments in the context of saying that his job as governor is to be responsible for all New Jerseyans.

I’m not going to get into this class warfare business where certain people are more important than others or deserves more. … Everyone deserves to have the government responsive to their concerns and needs,” 

said Christie.

Buffett, an influential billionaire, is the namesake of the “Buffet Rule,” which suggests that those earning more than $1 million a year pay at least the same rate in taxes as those from middle-class households.

The rule had been a flashpoint in the ongoing national conversation about income inequality in the context of the Occupy Wall Street and 99 Percent movements.

Buffett had claimed that it was an injustice that he, a wealthy investor, essentially paid a lower tax rate than his secretary.

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Bill Gates: ‘Taxes are going to have to go up’ on rich people
Gates has joined fellow billionaire Warren Buffett in the belief that America’s rich need to be paying more taxes.
In an interview with the BBC Wednesday morning, the founder of Microsoft expressed his desire to see “a sense of shared sacrifice” from his fellow high earners.
“Well, the United States has a huge budget deficit, so taxes are going to have to go up,” he said. “And I certainly agree that they should go up more on the rich than everyone else. That’s just justice.”
Gates added: “Right now, I don’t feel like people like myself are paying as much as we should.
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Bill Gates: ‘Taxes are going to have to go up’ on rich people

Gates has joined fellow billionaire Warren Buffett in the belief that America’s rich need to be paying more taxes.

In an interview with the BBC Wednesday morning, the founder of Microsoft expressed his desire to see “a sense of shared sacrifice” from his fellow high earners.

“Well, the United States has a huge budget deficit, so taxes are going to have to go up,” he said. “And I certainly agree that they should go up more on the rich than everyone else. That’s just justice.”

Gates added: “Right now, I don’t feel like people like myself are paying as much as we should.

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