For Immediate Release
Tuesday, January 13, 2015
Contact: pressbaldwin [dot] senate [dot] gov
(202) 224 - 6225
Senators Baldwin and Whitehouse Reintroduce “Buffett Rule” Legislation
The Paying a Fair Share Act Would Require Multi-Million-Dollar Earners to Pay at Least 30% in Taxes
WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Sheldon Whitehouse (D-RI) led a group of 16 Senators in introducing legislation to require America’s top earners to pay a fair share in taxes. The Paying a Fair Share Act would help ensure that multi-million-dollar earners pay at least a 30 percent effective federal tax rate, and would generate over $70 billion in revenue over ten years. In 2012, Senator Baldwin served as the lead sponsor of this legislation, also known as the “Buffett Rule,” in the House of Representatives to help level the playing field between middle class taxpayers and millionaires and billionaires.