. >> i'm athina jones. the president travels to columbia for a meeting on the economy.th tony stewart and will head up the bike ride to the white house. >> wall street kicks off this week with a bang. tons of corporate earnings coming up. we'll get the numbers from citigroup, coca-cola, mcdonald's, just to name a few, and the retail sales report is out and investors will be watching that report very closely. we'll track it all for you on cnn money. >> i'm "showbiz tonight's" nischelle turner. here's what we're watching this week. vinny from the jersey shore talks about his new book. every night eastern and pacific on hln. >>> goddal might -- god al mighty. >>> the titanic is back, marking 100 years from its sinking. there are many ways to connect with the ill-fated ship. >> that's just the way it looked that night. >> replica titanics in tennessee and branson, missouri let you see artifacts, climb the grand staircase, and even let you feel how cold the water was the night of the disaster. they have no shortage of passengers. >> i don't care if you're 5 or 95, if you hav

here's athina jones. >> well, don, simply put, the buffett law would impose a minimum effective tax rateple making a million dollars or more. it takes its name from billionaire warren buffett who says his secretary pays a higher rate of taxes than he sdchlt buffett doesn't think that's fair and neither does the white house, so this a big thing they're pushing this year. if this goes into effect, and that's a big if, there are millions of americans who pay more. this will go into effect for 50 or 60,000, and the white house pointed to 77,000 house holds that in 2009 paid less than 30% of their income in taxes. we're looking at thousands of people being affected and not millions. the joint committee on taxation has studied how much revenue this would actually bring in if affected. they estimate it would bring in just $5.1 billion next year and $47 billion over the next ten years. if you look at those figures, that represents just a tiny, tiny fraction of the deficits we expect to see in the coming years. on the budgetary side it wouldn't have much impact. on the political side, the obama w