Democrats will put the so-called “Buffett Rule” up for a vote on the Senate floor on Tax Day, said Sen. Chuck Schumer, who heads Senate Democrats’ policy and messaging shop, on Sunday.
The bill, which will be introduced by Sen. Sheldon Whitehouse, D-R.I., would require people who earn more than $1 million a year to pay at least a 30 percent tax rate. With little chance of passage, it will serve as a symbolic vote to show the Democratic position.
“If you are very wealthy, God bless you, you made a lot of money, we love you in America,” said Schumer, D-N.Y., on CBS’s Face the Nation. “But let’s be fair. You should pay more than your secretary, and that will be on the floor April 15, Tax Day.”
Democrats last year forced votes on bills that would have imposed surtaxes on millionaires, but the Tax Day vote would be the first on a version of the Buffett rule, named for billionaire investor Warren Buffett, that Obama outlined in his State of the Union speech earlier this year.