The Democrats on Thursday released a $110 billion alternative plan to the sequester that includes the so-called Buffet Rule, which muni market participants say would make municipal bonds more attractive.

The Buffet Rule, named for Berkshire Hathaway chairman and chief executive officer Warren Buffet who said he should not have a lower tax liability than his secretary, is designed to ensure that taxpayers with a gross adjusted income of more than $1 million do not pay a lower effective tax rate than middle class families.

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