GOP derails Senate 'Buffett rule' taxes on wealthy

FILE - In this May 2, 2011 file photo, Warren Buffett, Chairman and CEO of Berkshire Hathaway gestures during an interview, in Omaha, Neb. (AP Photo/Nati Harnik)
April 16, 2012 5:04:52 PM PDT
Senate Republicans derailed a Democratic "Buffett rule" bill Monday forcing the nation's top earners to pay at least 30 percent of their income in taxes, using the day before Americans' taxes are due to defy President Barack Obama on one of his signature election-year issues.

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