WASHINGTON — President Barack Obama on Saturday used a new report on the income gap between the richest Americans and everyone else to continue pushing for passage of his stalled $447 billion jobs bill.
Other political news of note
A report this week by the Congressional Budget Office found that average after-tax income for the top 1 percent of U.S. households had increased by 275 percent over the past three decades while middle-income households saw just a 40 percent increase in their post-tax income. Those at the bottom of the economic scale saw their income grow by a mere 18 percent.
Obama said Saturday in his weekly radio and Internet address that he would pay for his jobs plan with an added tax on people who make at least $1 million a year. But Senate Republicans blocked action on the bill, a blend of tax breaks for businesses and public works spending, because they oppose much of the increased spending and the surtax on millionaires.
"These are the same folks who have seen their incomes go up so much, and I believe this is a contribution they're willing to make," he said. "Unfortunately, Republicans in Congress aren't paying attention. They're not getting the message."
http://www.msnbc.msn.com/id/45086577/ns/politics-white_house/#.Tqv9aWDtjf8
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