Monday, the U.S. Senate is set to vote on the, so-called, "Buffett Rule."

Last Wednesday, President Obama surrounded himself with several business executives and their assistants who he says agree with the principles of the Buffett Rule.

The rule says if you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle class families do.

The Buffett Rule is named after billionaire Warren Buffett who says he pays a lower tax rate than his secretary.