…House Republicans are planning to counter the Buffett Rule push later this week with an attempt to cut taxes. A proposal by House Majority Leader Eric Cantor (R-Va.) would cut small business taxes by 20 percent. Since his bill would provide a disproportionately large benefit for the wealthy, it would mark an especially sharp contrast with the Democratic measure.
…Schumer vowed to keep bringing the Buffett Rule back until Republicans give in, the way they did on the payroll tax cut fight.
“We’ll keep pushing this issue all year long, and we think we’ll pick up more and more Republicans,” Schumer said. Read the article: Buffett Rule Vote: Tax Measure Fails In Senate.