House Republicans have passed a bill to allow for voluntary contributions on tax forms. While the Treasury already welcomes donations, they typically only receive a few million dollars each year -- far from enough to pay down the deficit.
The Senate yesterday rejected the so-called Warren Buffett Rule, a minimum tax on millionaires. It was a mostly party-line vote: Democrats saying "aye," Republicans "nay."
The Obama administration has been arguing strongly this week for the Buffett Rule, which would raise taxes on those making $1 million a year or more. According to the latest Gallup polls, a majority of Americans are in favor of…
Traveling in Florida, the president continued to press his case for the proposed tax reform that would require Americans who make more than a million dollars a year to pay 30 percent of their income in federal taxes.