The US Senate has blocked a proposal by President Barack Obama to make the country's top earners pay more tax.
The proposal was named after the millionaire Warren Buffett who supported Obama in calling for a law requiring US citizens who earn more than $1,000,000 a year to pay a 30 per cent tax rate on their income.
But critics argued the law would punish people for their success.
Al Jazeera's Kimberly Halkett reports from Washington.
Source: Al Jazeera