Advocating Progress

Picture this scenario. The Senate holds a high-profile vote on a proposal focused directly on implementing the Buffett Rule, one that would bring the current tax rate for millionaires paying lower rates on investments up to 30 percent. This, at at exactly the moment when the GOP is picking a nominee who is worth $250 million and is personally benefitting to an enormous degree from the current rate — one that’s lower than many middle class taxpayers pay.

It could happen. I’m told that Senator Sheldon Whitehouse is set to announce a proposal to do just this…

Harry Reid has spoken positively about the general idea of a vote on the Buffett Rule, so it seems likely that Whitehouse’s idea will get serious consideration.