4/17/2012

The Senate rejected the Buffet Rule, which would require millionaires to pay a 30% tax rate, but President Barack Obama is continuing to push for its passage on the campaign trail. Opponents say the results could be devastating for small businesses, many of which file as individuals. Supporters disagree, citing the fact most small businesses won't feel the pinch because they likely are paying a 30% tax rate and do not make money off stocks.

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