Appearing in Omaha, Neb. alongside Warren Buffett for who the
rule is named, Clinton said it will be necessary to ensure a
fair tax system. The "Buffett rule" would adjust tax rates so
that the wealthy couldn't utilize loopholes and different rates
for capital gains so that they effectively pay lower tax rates
than the working class.
"The Buffett rule says that millionaires should pay at least 30
percent income tax rates instead of 10, 15, 20 -- I want to go
even further," Clinton said. "There has been too much that has
led to the wealthy getting wealthier."
(Writing by Ginger Gibson; Editing by Chizu Nomiyama)
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