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(Image from article: "Obama to propose "Buffett Tax" on millionaires")

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Obama to propose "Buffett Tax" on millionaires

Obama to propose

President Barack Obama, in a populist step designed to appeal to voters, will propose a "Buffett Tax" on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday.

 

Biden: Tax cuts for wealthy have to be part of deficit reduction plan

Vice President Joe Biden said Saturday the Obama administration wouldn't let middle class Americans "carry the whole burden" to break a deadlock over the national debt limit, warning that the Republican approach would only benefit ...

 

Bernanke Urges Deficit Reduction

Bernanke urged lawmakers to commit to reducing the nearly $2 trillion budget deficit, warning that the government can't borrow "indefinitely."

 

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