Congresswoman Tammy Baldwin continues to trumpet for the so-called Buffett Rule, which aims to close tax loopholes for millionaires that allow some of them to pay less than middle class families. “Plain and simple this is about fairness,” the Madison Democrat told her House colleagues.
The proposal, also known as the Paying a Fair Share Act, failed in the Senate this week despite some bi-partisan support. But Baldwin cited a recent CNN poll that says nearly 3/4 of Americans support the idea.
A number of Republicans are against the measure including House Republican Jim Sensenbrenner of Menomonee Falls. In a statement he said, “The Buffett Rule would tax private investment at a time when our economy needs it most by increasing capital gains taxes.”
Baldwin’s comments came Thursday during discussion on a GOP-backed small business tax cut which later passed the House.
AUDIO: Brian Moon reports (1:05)