Some of the biggest news of the week was centered around the Senate’s prohibiting the implementation of the Buffet Rule.
The Buffet Rule was a new tax plan that was proposed by President Obama. This rule would set a minimum of 30% on taxes of individual’s making more than a million dollars per year.
The rule gets its name from a multi-millionaire investor, Warren Buffet, who in 2011, took a stand, stating that he wanted a higher tax rate for the wealthy.
*photo from warrenbuffet.com