U.S. Rep. Mazie Hirono, D-Hawai‘i, called for a fair tax code after the U.S. Senate on Monday failed to pass the Paying a Fair Share Act, legislation that would have enacted the so-called “Buffett rule,” she states in a news
U.S. Rep. Mazie Hirono, D-Hawai‘i, called for a fair tax code after the U.S. Senate on Monday failed to pass the Paying a Fair Share Act, legislation that would have enacted the so-called “Buffett rule,” she states in a news release issued by her office.
The proposed bill would have ensured that millionaires and billionaires don’t pay a lower tax rate than middle class families. The “Buffett rule” would require people with annual incomes over $1 million to pay a minimum tax rate of 30 percent.
“With Tax Day tomorrow, we’re all thinking about what must be done to reduce the deficit, grow our economy, and protect priorities like Social Security and Medicare,” Hirono states in the news release.
“The bottom line is that we’re all in this together, and Hawai‘i’s families do their part because they understand the importance of our shared responsibility,” she said.
Hirono, who is running for a U.S. Senate seat this year, said the country needs “comprehensive tax reform that is fair and progressive and promotes investment, savings and entrepreneurship.” She said she was “disappointed” that the Senate failed to advance the Paying a Fair Share Act.
