The proposal—spelled out in Mr. Obama's State of the Union address—would impose a 30% minimum tax rate on those who make more than $1 million a year. It is named for the billionaire investor Warren Buffett, who advocates higher taxes on the very wealthy.
March 21, 2012
"Millionaires likely would find legal ways to avoid paying higher taxes under President Barack Obama's proposed 'Buffett Rule'..."
"... a new congressional estimate finds.."