Taxing The Wealthy, 2012 Presidential Election | featured news

To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama's tax plan. For a man of Romney's means, that could save almost $5 million a year.

President Barack Obama's proposal to impose a "Buffett rule" tax on the rich is generating enormous political wattage, but the plan itself would directly affect only a tiny fraction of Americans.

President Obama used a Tuesday speech to not only push legislation enacting the so-called "Buffett Rule," but also outline his vision for the economy versus Republican presidential rivals.

Republicans are ready to ram through the House an election-year, $3.5 trillion budget that showcases their deficit-cutting plan for revamping Medicare and slicing everything from food stamps to transportation while rejecting President Barack Obama's call to raise taxes on the rich....

A new survey of Obama voters by Survey USA found that by a margin of 82%-18% they are more likely to support him again in 2012 if he raises taxes on the rich. The good news for Obama is that 66% of those who voted for him in 2008 approve of his handling of the economy compared to 27% who disapprove. Sixty three percent of those who disapprove are doing so because they believe that Obama has been too willing to compromise with Republicans. The president’s voters made it very clear what they want.