Press Releases

Washington—Senator Dianne Feinstein (D-Calif.) released the following statement after voting for the Paying a Fair Share Act (S. 2230), known as the Buffett Rule:

“The tax code is littered with loopholes and deductions that allow many of the wealthiest Americans—those who have done so well in this economy—to pay a lower tax rate than middle-class families. The Buffett Rule addresses this inequity by applying a minimum tax on income over $1 million, including unearned income such as capital gains and dividends.

“I hope my Republican colleagues will reconsider their opposition to this commonsense provision and that the Senate revisits the Buffett Rule during debate on fairness of the tax code.”