But the President clearly said, Leave taxation on the top 2 percent (and implicitly on dividends and capital gains) for another day; "Let's agree on what we agree on". 24.8 percent is good enough for now, and let's talk about the "Buffett Rule" later.
You and Bloomberg are jumping ahead from the President's CURRENT tax agenda, on which there's NO Democratic Party "split".
Obama's 2013 budget calls for taxing dividends on the upper earners at the ordinary tax rate (the same as wage and salary "earned" income). Which, with letting the marginal rates on the top two brackets return to the Clinton rates means 39.6% on the top bracket. Plus 3.8% ACA surcharge = 43.4%
The Senate Democratic bill calls for taxing the dividends of upper earners at 20.0% + 3.8% ACA = 23.8%.
That sounds like a split to me.
I don't know where you got an Obama quote about leaving taxation on the top 2% for another day. Obama has clearly and consistently all along wanted the Bush tax cuts on the top 2% to expire, except he has apparently been for having a maximum of 20% maximum rate on dividends until his 2013 budget (which with the 3.8% ACA surcharge would be 23.8%).
I don't know what you mean about the CURRENT tax agenda and some future tax agenda? I guess I'm just not following at all.
http://www.bloomberg.com/news/2012-07-14/senate-democrats-split-from-obama-on-taxing-dividends.html :
The proposed bill would set the basic top rate at 20 percent for both capital gains and dividends. The 2010 health care law included an additional 3.8 percent tax, yielding the 23.8 percent rate. In his 2013 budget, Obama called for taxing dividends as ordinary income, subjecting them to a top rate of 39.6 percent and the 3.8 percent surcharge for a 43.4 percent total.
Obama’s previous budgets had included the 20 percent rate on dividends.
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