President Barack Obama used his weekly address on Saturday to call on Congress to pass the "Buffett Rule." The rule would increase taxes on the wealthiest Americans as a way to help bring down the deficit. Republicans have repeatedly criticized the proposal as being class warfare but President Obama and Democrats have said it was only fair that while millions of Americans are struggling to get by and living paycheck to paycheck, the top 1 percent of Americans could afford to pay a little more.
Previous votes on increasing taxes on the wealthiest have failed because of Republican opposition. Another vote on the "Buffett Rule" is expected in the Senate on April 16 when they return from recess.
No comments:
Post a Comment