facebook
twitter
search
search

Obama pushes for Buffet Rule again

April 14, 2012 at 6:01 AM

WASHINGTON, April 13 (UPI) -- President Obama made another pitch Saturday for Congress to raise taxes on the richest Americans.

Obama, as he has repeatedly in recent days, urged Congress to enact legislation that would implement the so-called Buffett Rule, a principle calling for those at the very top of the income pyramid to pay at least the same percentage of their income in taxes as those in middle-class families.

In his weekly radio and Internet speech, Obama said it's "not just about fairness," but "is also about growth."

"It's about being able to make the investments we need to strengthen our economy and create jobs," Obama said. "And it's about whether we as a country are willing to pay for those investments.

"In a perfect world, of course, none of us would have to pay any taxes. We'd have no deficits to pay down. And we'd have all the resources we needed to invest in things like schools and roads and a strong military and new sources of energy -- investments that have always bolstered our economy and strengthened the middle class.

"But we live in the real world, with real choices and real consequences. Right now, we've got significant deficits to close. We've got serious investments to make to keep our economy growing. And we can't afford to keep spending more money on tax cuts for the wealthiest Americans who don't need them and didn't even ask for them."

The Democratic president, who is seeking re-election this year, said most Americans support the idea of raising taxes on the wealthiest.

"We just need some Republican politicians to get on board with where the country is," he said.

Like Us on Facebook for more stories from UPI.com  
Topics: Barack Obama
Latest Headlines
Top Stories
Maine man dead after shooting firework off head, police say
'Serial stowaway' arrested again at Chicago's O'Hare, Midway airports
Greeks vote overwhelmingly to reject creditors' bailout
Russian resupply spacecraft docks onto ISS to deliver needed provisions
Third disturbance in four days erupts at Arizona prison