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Buffett Rule

WNYC News

Obama Touts Buffett Rule Despite Bill's Tough Odds

Tuesday, April 10, 2012

President Barack Obama urged Congress to pass the so-called Buffett Rule while speaking in Florida Tuesday – despite the bill’s poor chances of becoming law.

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The Takeaway

President Obama to Make Buffett Rule Central Focus of Campaign

Tuesday, April 10, 2012

The pressure is on. The Senate isn’t set to vote on the so-called “Buffett Rule” until next week. But the White House is already setting the stage to make the rule, which would require those making more than a million dollars a year to pay at least 30 percent in federal income tax, a central plank of President Obama’s re-election campaign. Takeaway Washington Correspondent Todd Zwillich joins us.

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It's A Free Blog

Opinion: Obama's Budget Bait

Monday, February 13, 2012

With momentum in his favor, Obama needs to keep doing what he's doing: setting a trap for the GOP presidential hopefuls.

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It's A Free Country ®

Explainer: How Candidates Take on the Tax Code

Wednesday, February 01, 2012

President Obama's "Buffett Rule," requiring at least a 30 percent effective tax rate on millionaires, was introduced in the Senate on Wednesday. Here's what your tax return could look like if he—or any of the other candidates for president—has his way.

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The Takeaway

Grover Norquist Reacts to Obama's Proposed 'Buffett Rule'

Monday, September 19, 2011

President Obama will announce a deficit reduction plan today that will reduce government spending by $3 trillion through cutting entitlements, tax increases, and war savings. The plan is the White House's opening offer to the Congressional "super committee," which has until Dec. 23 to reach a deal on deficit reduction. GOP lawmakers have already labeled the proposed tax hikes "class warfare," particularly the so-called "Buffet Rule." Named for billionaire Warren Buffett, who has repeatedly called for higher taxes on the rich, the rule imposes a minimum tax rate on those earning more than $1 million per year. Many Republicans contend that taxing the wealthy will only worsen the economy.

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