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CNNW Erin Burnett OutFront April 17, 2012

is breaking news, the senate voting on the buffet rule and failing tonight. mostly along party lines. senate democrats called for a vote on the so-called buffett rule today. it is one of the president s election year priorities. it calls for people who earn a million dollars in adjusted gross income to pay a minimum tax rate of 30%. now, the left-leaning group moveon.org was quick to jump into the debate. target number one for them, mitt romney. when the wealthiest 1% pay a fair tax rate like the rest of us, it keeps the american dream alive for everyone. so tell mitt romney, kittens are cute. 1% fat cats who won t pay their fair share? not so much. okay. we did the math, though, and the buffett rule doesn t add up to keeping the american dream alive. at least when it comes to raising the deficit. it would raise about $4.7 billion a year in revenue. one half of one percent of $901 billion. that s the president s forecasted budget deficit for 2013. already those who ....

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CNNW Erin Burnett OutFront April 17, 2012

and good evening, everyone. i m erin burnett outfront tonight. is breaking news, the senate voting on the buffet rule and failing tonight. mostly along party lines. senate democrats called for a vote on the so-called buffett rule today. it is one of the president s election year priorities. it calls for people who earn a million dollars in adjusted gross income to pay a minimum tax rate of 30%. now, the left-leaning group moveon.org was quick to jump into the debate. target number one for them, mitt romney. when the wealthiest 1% pay a fair tax rate like the rest of us, it keeps the american dream alive for everyone. so tell mitt romney, kittens are cute. 1% fat cats who won t pay their fair share? not so much. okay. we did the math, though, and the buffett rule doesn t add up to keeping the american dream alive. at least when it comes to raising the deficit. it would raise about $4.7 billion a year in revenue. one half of one percent of $901 billion. that s the pre ....

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