Posts Tagged ‘Sheldon Whitehouse’

Votes and Consequences

With Congress away, the Daily Deduction will not publish for the rest of the week. We’ll be back as usual on Monday, December 1. Happy Thanksgiving!   In California, a tax increase breeds a budget battle and tuition hike. In 2012, Democratic Governor Jerry Brown successfully campaigned for reelection and Proposition 30: A tax increase […]

How Would the Buffett Rule Affect Marginal Tax Rates?

The Paying a Fair Share Act of 2012 (PFSA) – Congress’ first crack at legislating the Buffett rule – would apply a broad-based 30 percent minimum tax for those earning more than $1 million a year. We have a pretty good idea of how this would affect people’s taxes: it would substantially raise them but […]

A Buffett Rule Proposal in Congress

In his State of the Union speech, President Obama’s called for a new law that would require high-income people to pay at least 30 percent of their income in taxes. In response, Senator Sheldon Whitehouse (D-RI) and Representative Tammy Baldwin (D-WI) have introduced the Paying a Fair Share Act of 2012, a proposal designed to […]