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Published on Apr 11, 2012
Will Congress pass a 'Buffett rule' (based on billionaire Warren Buffett) that would create a top marginal tax rate of 30% for every dollar earned after the first million earned in a year? While the existing top marginal tax rate is supposed to be 35% there are several loopholes the Buffet Rule aims to end. Also, how many Americans support increasing taxes on the rich and how are Republican lawmakers opposing them? The Young Turks host Cenk Uygur breaks it down.