Buffett Paid Tax Rate Of 17.4%, His Secretary Paid Rate Of Around 30%. Warren Buffett pays an effective tax rate of 17.4%. His secretary pays a tax rate of around 30%. [Center for Tax Justice, 9/27/11] PRE-BUSH TAX CUTS XXXX Voted for Elimination of Tax Code Without Replacement. In 1998, XXXX voted for the Hutchinson amendment to S.Con.Res.86, which was an amendment to express the sense of the Senate that the Senate should pass an IRS restructuring bill that includes taxpayer protections, expanded oversight, and IRS employee accountability. This amendment would express the sense of Congress that the federal tax code should sunset by the end of 2001. [Vote 62, 4/2/98] XXXX Cast Crucial Vote Against Repealing Current Tax Code. In 1998, XXXX cast a crucial vote against a motion to waive the Congressional Budget Act of 1974 to allow consideration of the Hutchinson amendment to S.2312, which was an amendment to abolish the current tax code by December 31, 2002, and recommend that Congress approve a new tax code by July 4, 2002. [Vote 241, 7/28/98] XXXX Voted Against Closing Billionaire Tax Loopholes to Pay for Children’s Programs. In 1997, XXXX voted against increasing discretionary spending caps by $14.6 billion in outlays in FY 1999-2002; and expresses sense of Senate that funding should be increased for programs serving children, offset through changes in tax code, including elimination of billionaire's loophole and increases in cigarette taxes. [Vote 72, 5/20/97] XXXX Voted Against Protecting Social Security. In 1999, XXXX voted against a motion to waive the Congressional Budget Act of 1974 to allow consideration of the Lautenberg amendment to S.Con.Res.20, which was an amendment to establish a Senate point of order against any measure that would increase spending or reduce taxes without offsets, until Congress enacts legislation to ensure the long-term solvency of Social Security and extend the solvency of Medicare by at least 12 years. [Vote 59, 3/24/99] XXXX Voted For Tax Cuts At Expense of Medicare. In 1999, XXXX voted to kill the Kennedy amendment to S.Con.Res.20, which was an amendment to strike the resolution’s proposed $320 billion in tax cuts over ten years and direct the funds to Medicare or debt reduction. [Vote 66, 3/25/99] XXXX Voted to Cut Taxes Over Paying Down Nation Debt. In 1999, XXXX voted to kill the Voinovich amendment to S.Con.Res.20, which was an amendment to strike the resolution’s proposed $320 billion in tax cuts over ten years and redirect the funds to debt reduction. [Vote 71, 3/25/99] XXXX Voted to Delay Effective Date of Tax Cuts Until Budget Was Balanced. In 1997, XXXX voted to kill the Bumpers amendment to S.Con.Res.27, which was an amendment to delay the effective dates of tax cuts until the federal budget is balanced. [Vote 82, 5/22/97] XXXX Opposed Tax-Relief for the Middle-Class. In 1999, XXXX voted to table a motion to instruct to the Senate Concurrent Budget Resolution for FY.s 2000-2009 that would have instructed conferees "to include" provisions that would allow targeted tax relief for "low- and moderate-income working families" and that would reserve a "sufficient" portion of projected non-Social Security surpluses to extend Medicare’s solvency "significantly" before any budget surpluses could be used to give tax breaks that mostly benefited wealthy Americans or before any new, non- offset spending could be approved. [Vote 84, 4/13/99] XXXX Did Not Vote on Tax Relief for Families. In 1997, XXXX did not vote on the Democratic alternative amendment to the Taxpayer Relief Act of 1997 by Sen. Daschle that would have provided: (1) a per-child credit against income taxes refundable against payroll taxes, and eligible, at the parent's option, in a "Kid Save IRA"; (2) incentives for education and training; (3) tax relief for family savings and business capital formation; (4) estate tax relief for family businesses and farms; and (5) miscellaneous tax cuts, including 100 percent deductibility of self- employed health insurance premiums. [Vote 134, 6/26/97] 266
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