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Republicans reject 'Buffett rule' in the Senate (51 to 45)
latimes ^ | April 16, 2012, 4:18 p.m. | Lisa Mascaro

Posted on 04/16/2012 4:37:19 PM PDT by Red Steel

Reporting from Washington—

Republican-led opposition blocked the 'Buffett rule' from advancing in the Senate, turning back an election year effort by President Obama to slap a new tax rate on those earning beyond $1 million a year.

Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes. Democrats are likely to revive the effort in coming months.

“Continuing to allow some of the wealthiest Americans to use special tax breaks to avoid paying their fair share simply cannot be justified,” the White House said in a statement before the vote.

(Excerpt) Read more at latimes.com ...


TOPICS: Breaking News; Business/Economy; Politics/Elections
KEYWORDS: 2012election; buffetrule; buffett; buffettrule; classwarfare; election2012; kenyanbornmuzzie; mittromney; obama
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1 posted on 04/16/2012 4:37:30 PM PDT by Red Steel
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To: Red Steel

There are only 47 Republicans, so I think the LA Times may be pushing a lie.


2 posted on 04/16/2012 4:39:42 PM PDT by ilgipper
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To: ilgipper

One Republican, Sen. Susan Collins of Maine, joined Democrats in voting to advance the measure. One Democrat, Sen. Mark Pryor of Arkansas, voted against.


3 posted on 04/16/2012 4:40:56 PM PDT by NewHampshireDuo
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To: Red Steel

Dang! I was unaware that there are 51 republicans in the senate these days! /sarcasm


4 posted on 04/16/2012 4:45:09 PM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: NewHampshireDuo

Typical of Susan Collins - why can’t we get rid of her?


5 posted on 04/16/2012 4:46:10 PM PDT by demkicker (My passion for freedom is stronger than that of Democrats whose obsession is to enslave me.)
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To: Red Steel

TEXT of the Bill:

http://thomas.loc.gov/cgi-bin/query/C?c112:./temp/~c1121rV2De


6 posted on 04/16/2012 4:47:20 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: NewHampshireDuo
One Republican, Sen. Susan Collins of Maine, joined Democrats in voting to advance the measure.

And she is more conservative than Mitt Romney.

7 posted on 04/16/2012 4:50:59 PM PDT by EGPWS (Trust in God, question everyone else)
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To: All

Grouped By Vote Position

YEAs ---51
Baucus (D-MT)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Collins (R-ME)
Conrad (D-ND)
Coons (D-DE)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Manchin (D-WV)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)
NAYs ---45
Alexander (R-TN)
Ayotte (R-NH)
Barrasso (R-WY)
Blunt (R-MO)
Boozman (R-AR)
Brown (R-MA)
Burr (R-NC)
Chambliss (R-GA)
Coats (R-IN)
Coburn (R-OK)
Cochran (R-MS)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Enzi (R-WY)
Graham (R-SC)
Grassley (R-IA)
Heller (R-NV)
Hoeven (R-ND)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Johnson (R-WI)
Kyl (R-AZ)
Lee (R-UT)
Lugar (R-IN)
McCain (R-AZ)
McConnell (R-KY)
Moran (R-KS)
Murkowski (R-AK)
Paul (R-KY)
Portman (R-OH)
Pryor (D-AR)
Risch (R-ID)
Roberts (R-KS)
Rubio (R-FL)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Toomey (R-PA)
Vitter (R-LA)
Wicker (R-MS)
Not Voting - 4
Akaka (D-HI)
Hatch (R-UT)
Kirk (R-IL)
Lieberman (ID-CT)

8 posted on 04/16/2012 4:51:52 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Bigun
Dang! I was unaware that there are 51 republicans in the senate these days! /sarcasm

Republicans were on the 45 side.

9 posted on 04/16/2012 4:54:21 PM PDT by cwaz
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To: Red Steel
Republicans reject 'Buffett rule' 'stupid liberal class warfare tax gimmick' in the Senate (51 to 45)

There, fixed it.

10 posted on 04/16/2012 4:56:25 PM PDT by Servant of the Cross (the Truth will set you free)
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To: EGPWS

bump!


11 posted on 04/16/2012 4:56:47 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: NewHampshireDuo

Collins feels guilty her husband is under investigation for stealing from the gov’t


12 posted on 04/16/2012 4:58:11 PM PDT by personalaccts (Is George W going to protect the border?)
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To: cwaz

Hard to tell that from the headline now isn’t it?


13 posted on 04/16/2012 4:59:17 PM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: personalaccts

Do say more. I was not aware of this issue...


14 posted on 04/16/2012 5:00:22 PM PDT by vg0va3
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To: ilgipper
That's not the only lie in the article because according to that recent Gallup survey, Republicans opposed the 'Buffett Rule' 54% to 43%! Those are the voters that voted them in, so it would have been much more risky to vote against them, which is not what the article implied.
15 posted on 04/16/2012 5:02:39 PM PDT by Brown Deer (Pray for 0bama. Psalm 109:8)
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To: ilgipper
No the ARE pushing a lie. If the dems wanted it they could have had it, but their OWN party members voted to kill it.... cause the Republicans are NOT the MAJORITY.
16 posted on 04/16/2012 5:04:35 PM PDT by JSteff ((((It was ALL about SCOTUS. Most forget about that and HAVE DOOMED us for a generation or more.))))
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To: ilgipper
There are only 47 Republicans, so I think the LA Times may be pushing a lie.

What lie? With exception of Snowe the Republicans pulled together and were responsible for defeating the bill. The vote was close though so we have our work cut out for us.

17 posted on 04/16/2012 5:06:47 PM PDT by plain talk
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To: Red Steel
"...when 60% of voters support the measure..."

The same 60% that would piss and moan if you dared raised their taxes or asked 43% of them to at least pay SOME INCOME TAX. Hypocrites!!! If this 60% wants someone to pay more taxes for THEIR BIG government, I suggest they THEY DO IT! They are NOT Americans. They're freeloaders.

18 posted on 04/16/2012 5:07:13 PM PDT by FlingWingFlyer (ObamaCare is like a stool sample. You have to pass it to find out what's in it.)
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To: Red Steel
Wastin' away again in....uh...wrong one. Never mind. Photobucket
19 posted on 04/16/2012 5:07:44 PM PDT by TheRobb7 (The Margin of GOP victory MUST exceed the margin of Democrat election theft!)
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To: demkicker

Typical of Susan Collins - why can’t we get rid of her?

Why is it that people like collins never have a moose related acident?


20 posted on 04/16/2012 5:09:01 PM PDT by Leep (Enemy of the Statist)
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To: personalaccts

Collins isn’t married.


21 posted on 04/16/2012 5:13:22 PM PDT by brooklin
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To: Red Steel

The lie: “Continuing to allow some of the wealthiest Americans to use special tax breaks to avoid paying their fair share simply cannot be justified,” the White House said in a statement before the vote.

The truth: The capital gains tax rate is not a “special” tax break. It is simply a 15% tax rate and is applied equally on all who report such income. The capital gains tax rate is neither progressive nor regressive taxation.

The opinion: Seems to me that it is the forerunner of a type of flat tax. If we cannot find a way to come up with a good consumption tax, I would like to see the earned income tax rates be replaced with the same rate as the capital gains tax rate. At least then we would be in the ballpark of a more “fair” tax system.


22 posted on 04/16/2012 5:22:02 PM PDT by Let_It_Be_So (Once you see the Truth, you cannot "unsee" it, no matter how hard you may try.)
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To: Red Steel

Seriously, anybody, no matter who they are and how much money they have, can find a finite number of ways of donating extra money to the U.S. government, if they, really, wanted to do so. This issue is, just, a “dog and pony show” by the left, in order to ignore all of Barack Obama’s problems as well as ignore all of the problems of the left, in general.


23 posted on 04/16/2012 5:41:12 PM PDT by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: plain talk
What lie? With exception of Snowe the Republicans pulled together and were responsible for defeating the bill. The vote was close though so we have our work cut out for us.

There are 51 democrats, 2 democrat independents and 47 republicans. The democrats can pass it if they waned to push their majority. This was a bipartisan defeat. Kudos to the GOP for voting correctly, but this headline and story is just electon propaganda.

24 posted on 04/16/2012 5:42:31 PM PDT by ilgipper
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To: Red Steel

Buffet rule - another Obama straw man the progressive media is only too happy to characterize as a good and necesswary tax law blocked by those dastardly Republicans who only care for the 1% and will gleefully starve the poor and the old people and even little puppies.
cute
We can only hope there are enough rational people paying attention that won’t fall for Zero’s lies and tricks.


25 posted on 04/16/2012 5:42:54 PM PDT by citizen (Sherlock Holmes as Romney might now exclaim "The game's afoot!" Romney now needs his Dr. Watson V-ot)
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To: TheRobb7

LOL ... some years ago, there was a magazine article (in Forbes, I think) where Warren and Jimmy were interviewed. Turns out they really are distant cousins through a common Nova Scotia relative. Warren said (paraphrasing) that the way things were going, referring to Jimmy’s musical success, he should start asking Jimmy for investment advice. I loved the picture at the beginning of the article — it showed Jimmy in a suit and tie with a disgusted look on his face, and Warren in a Hawaiian shirt.


26 posted on 04/16/2012 5:43:56 PM PDT by Fast Moving Angel (Newt's not a perfect candidate but Jesus isn't running this year. - shoff)
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To: brooklin

Surprise Surprise!!!!


27 posted on 04/16/2012 5:45:29 PM PDT by rhubarbk
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To: Red Steel
Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes.

LOL! So is that final statement the way the poll question was asked? I'm sure 60% DID say they supported that. I'd venture a guess that the vast majority of that 60% have absolutely NO clue what is actually written in the 'Buffett Rule', or how it would truly affect the national debt (not much).

28 posted on 04/16/2012 5:51:27 PM PDT by SuziQ
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To: cwaz

so if there were 51 votes FOR it, and only 45 AGAINST it, how does it not pass? they’ve now messed up math so bad that 51 is LESS THAN 45??


29 posted on 04/16/2012 5:53:55 PM PDT by SendShaqtoIraq
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To: SendShaqtoIraq

The measure needed 60 votes to advance.


30 posted on 04/16/2012 5:58:04 PM PDT by deks ("...the battle of our time is the battle of liberty against the overreach of the federal government")
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To: Red Steel

Not Voting - 4
Akaka (D-HI)
Hatch (R-UT)
Kirk (R-IL)
Lieberman (ID-CT)

Does anyone know why these four did not vote?


31 posted on 04/16/2012 6:03:36 PM PDT by Wisconsinlady (http://itsworkingwisconsin.com/ I support Governor Scott Walker)
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To: ilgipper

Not sure I understand your comment. It takes 60 votes to pass any legislation in the Senate if there is not agreement on allowing the vote. There were 51...a majority who voted yes...but you need 60....to move forward.

It was not bipartisan. I don’t count one person as a bipartisan effort.


32 posted on 04/16/2012 6:06:34 PM PDT by conservaKate (Newt! Newt! Newt! Just say no to Romney.)
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To: ilgipper

Bingo!


33 posted on 04/16/2012 6:12:31 PM PDT by DoughtyOne (Okay, now lets see if the RNC, Rove, and Card can get him elected without their core base. Game on!)
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To: DoughtyOne

Good. I love a little Obama smackdown.

Now, let’s smack him out in November, for good.


34 posted on 04/16/2012 6:19:48 PM PDT by LibsRJerks
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To: conservaKate
Democrats always use the term Bipartisan if one or more Republicans Vote with them.
35 posted on 04/16/2012 6:24:36 PM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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To: ilgipper

well whatever. The headline is correct in that Republicans as a bloc killed this bill with only one defection. The democrats sure as heck did not kill it. The Republicans killed it and got it done.


36 posted on 04/16/2012 6:26:14 PM PDT by plain talk
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To: Red Steel

U.S. Constitution - Article 1 Section 7

All bills for raising Revenue shall originate in the House of Representatives


37 posted on 04/16/2012 6:52:07 PM PDT by Jeff Chandler (This place is nuts.)
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To: brooklin

Collins is engaged to a 73 year old. She is 59.

I live in Maine and I have no use for her.


38 posted on 04/16/2012 7:26:08 PM PDT by july4thfreedomfoundation (The TEA Party is my cup of tea.)
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To: Red Steel

Why can’t we lower the middle class tax rate down to Buffet’s rate?


39 posted on 04/16/2012 7:40:22 PM PDT by Raycpa
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To: Red Steel

I say the Republicans should offer up a non-binding resolution that Warren Buffett needs to STFU until he ponies up the billion dollars he already owes and refuses to pay.


40 posted on 04/16/2012 7:41:24 PM PDT by a fool in paradise (Barack Obama continued to sponsor Jeremiah Wright after he said "G.D. AMERIKKA!"Where's the outrage?)
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To: Raycpa
Why can’t we lower the middle class tax rate down to Buffet’s rate?

Buffet's tax rate is already available to middle-class taxpayers. It's called the "capital gains tax".

41 posted on 04/16/2012 7:46:34 PM PDT by okie01
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To: okie01
Buffet's tax rate is already available to middle-class taxpayers. It's called the "capital gains tax".

I know, so lets reduce the tax rates on all income to 15% so everyone can be happy and everyone can be paying their fair share.

42 posted on 04/16/2012 7:48:36 PM PDT by Raycpa
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To: Wisconsinlady

Mark Kirk is recovering from a massive stroke. It’s as yet undetermined if he will be able to return ever.


43 posted on 04/16/2012 8:17:10 PM PDT by conservativebabe
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To: Raycpa
I know, so lets reduce the tax rates on all income to 15% so everyone can be happy and everyone can be paying their fair share.

Great idea.

But what about the 48% who pay no income tax.

Are they paying their "fair share"...?

44 posted on 04/16/2012 8:28:18 PM PDT by okie01
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Red Steel. This is not your mother's gender gap: The Obama Recession: Newt:
45 posted on 04/16/2012 8:29:41 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: Red Steel
The Buffett rule idea was a non-starter because it would have encourage MORE "offshoring" of assets as a means of tax avoidance.

One of the HUGE advantages to both the Steve Forbes no-loophole 17% flat-tax plan and FairTax (H.R. 25/S. 13) is that you no longer impose taxes on bank account interest, capital gains and stock dividend payments. This means you can save and invest essentially tax-free, and that would mean fully-funded banks and people willing to invest in business operations on US soil. This is why I want unprecedented income tax reform.

46 posted on 04/16/2012 8:57:31 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Red Steel
What???
1)The GOP now has 51 seats in the Obama Senate?????

2) This is nothing more than Obozo reelection political theater - Article 1 - The Legislative Branch Section 7 - Revenue Bills, Legislative Process, Presidential Veto
All bills for raising Revenue shall originate in the House of Representatives


Even if the Obozo Senate passed the Buffett tax bill, it would DOA at the House.
47 posted on 04/16/2012 10:44:39 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Oldeconomybuyer
Does anyone know of a database that show which of these "YEA" dufusses are millionaires and have they volunteered to pay their “FAIR SHARE OF TAXES” ??
48 posted on 04/16/2012 10:58:14 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Red Steel

Pay Fair Share?

How about taxing the 49% of the population who pay NO taxes?


49 posted on 04/17/2012 2:36:00 AM PDT by hattend (Jesus wants me to make churches pay for abortions. - Barack Obama)
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To: july4thfreedomfoundation

I live in Maine also. I knew she was engaged. Snowe ‘s husband, Jock has some issues. I think she tends to give in to the other side much too easily, but we could be doing much worse. For example, Pingree.


50 posted on 04/17/2012 3:33:50 AM PDT by brooklin
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