President Obama Calls on Congress to Pass Buffett Rule [View all]

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Source: Roll Call

Calling it a matter of fairness, President Barack Obama called on Congress to pass the so-called Buffett Rule in his weekly address today.

(snip)
In the address, which aired the weekend before federal income taxes are due, Obama again noted that Buffett pays a lower effective tax rate than his secretary.

"As Warren points out, that’s not fair and it doesn’t make sense," Obama said. "It’s wrong that middle-class Americans pay a higher share of their income in taxes than some millionaires and billionaires."

(snip)
"We've tried this trickle-down experiment before," he said. "It doesn't work."

Read more: http://www.rollcall.com/news/Obama-Calls-on-Congress-to-Pass-Buffett-Rule-213778-1.html

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WEEKLY ADDRESS: It’s Time for Congress to Pass the Buffett Rule
http://www.whitehouse.gov/the-press-office/2012/04/14/weekly-address-it-s-time-congress-pass-buffett-rule