Republicans, Pryor defeat "Buffett rule"

Needing 60 votes to stop a filibuster, the Obama administration could only muster 51 and thus failed on the Buffett rule to put a higher tax on millionaires — 30 percent minimum on those making that amount in taxable income, which means a good deal more income for most after deductions and adjustments. Obama blamed the Republican Party for looking out for the wealthy at the expense of the middle ...