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Clinton Says January Tax Proposals Will 'Go Beyond' Buffett Rule
Source: Bloomberg
Clinton Says January Tax Proposals Will 'Go Beyond' Buffett Rule
by Jennifer Epstein
January 2, 2016 — 11:00 AM EST
Democratic presidential front-runner Hillary Clinton will unveil proposals this month that will “go beyond the Buffett Rule” to raise the effective tax rates paid by the wealthiest Americans, she said Saturday.
“As president, I'll do what it takes to make sure the super-wealthy are truly paying their fair share,” Clinton said in a statement responding to the Internal Revenue Service's release of new data on tax rates paid by the 400 wealthiest U.S. households, which averaged 22.89 percent in 2013.
She called billionaire Warren Buffett's plan, which would set the minimum effective tax rate for those earning $1 million per year at 30 percent, “one idea that would help achieve greater fairness in our tax system.”
Since launching her campaign in April, Clinton has bemoaned what she sees as unfair tax policy, arguing it's wrong “when hedge fund managers pay a lower tax rate than truck drivers or nurses.” Vermont Senator Bernie Sanders, her leading rival for the Democratic nomination, uses similar rhetoric, though the accuracy depends on exactly what's being measured.
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by Jennifer Epstein
January 2, 2016 — 11:00 AM EST
Democratic presidential front-runner Hillary Clinton will unveil proposals this month that will “go beyond the Buffett Rule” to raise the effective tax rates paid by the wealthiest Americans, she said Saturday.
“As president, I'll do what it takes to make sure the super-wealthy are truly paying their fair share,” Clinton said in a statement responding to the Internal Revenue Service's release of new data on tax rates paid by the 400 wealthiest U.S. households, which averaged 22.89 percent in 2013.
She called billionaire Warren Buffett's plan, which would set the minimum effective tax rate for those earning $1 million per year at 30 percent, “one idea that would help achieve greater fairness in our tax system.”
Since launching her campaign in April, Clinton has bemoaned what she sees as unfair tax policy, arguing it's wrong “when hedge fund managers pay a lower tax rate than truck drivers or nurses.” Vermont Senator Bernie Sanders, her leading rival for the Democratic nomination, uses similar rhetoric, though the accuracy depends on exactly what's being measured.
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Read more: http://www.bloomberg.com/politics/articles/2016-01-02/clinton-says-january-tax-proposals-will-go-beyond-buffett-rule
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