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Institute for Policy Studies senior scholar Chuck Collins, a leading voice on the subject of income inequality and economic justice, discusses the "Buffett Rule" and explains the importance of a Senate vote on a bill based on the rule that was scheduled for April 16.
"In a way, the Buffett Rule fight is symbolic. It moves us in the right direction, but it doesn't raise as much revenue as it should. We would be better off if Congress just said income from work, and income from investments, capital gains and wealth, should be taxed at the same rate, whether you have high income or low income," Collins says in the interview.
Nonetheless, he adds, the Buffett Rule is a "totally important fight" that "moves us in the right direction."
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