BOSTON U.S. Sen. Scott Brown is defending his decision to vote against President Obama’s call to raise taxes on millionaires.
Brown called the so-called “Buffett rule” a political stunt and said it will hurt small businesses and make the economy worse. He also argued that raising taxes on any group in a fragile economy won’t help add jobs.
The bill failed on a near party-line 51-to-45 vote.
Massachusetts Democrats are hoping Brown’s vote will draw a bright line on taxes between the Republican incumbent and his chief Democratic rival Elizabeth Warren.
Warren supports the bill, which she said would ensure the wealthy pay their fair share.
The proposal is named after investor Warren Buffett, who says he pays a lower tax rate than his secretary and has called for higher taxes on the rich.