News

    Obama Renews Call for Higher Taxes on Millionaires

    President Barack Obama speaks at Florida Atlantic University in Boca Raton, Florida, April 10, 2012.
    President Barack Obama speaks at Florida Atlantic University in Boca Raton, Florida, April 10, 2012.
    Kent Klein

    U.S. President Barack Obama on Tuesday renewed his call for Congress to pass the so-called "Buffett Rule," which would raise income taxes on the wealthiest Americans. The president is highlighting his differences with leading Republican presidential hopeful Mitt Romney, in an appeal to middle class voters.

    At a university in Florida, Obama said the growing financial divide between rich and middle class Americans needs to be addressed.

    "What drags our entire economy down is when the benefits of economic growth and productivity go only to the few, which is what has been happening for over a decade now, and the gap between those at the very, very top and everybody else keeps growing wider and wider and wider and wider," said Obama.

    The president again called on the Senate to pass what he calls the "Buffett Rule," named for billionaire investor Warren Buffett, who has said that he pays too little in taxes, while middle class Americans pay too much.

    The Democratic-led Senate is expected to vote on the bill in the coming days, but analysts say the legislation likely will not pass the Republican-led House of Representatives.

    Republicans say the Buffett Rule would raise taxes on small businesses and discourage job creation. They also say it would do very little to shrink the government's huge budget deficit.

    Obama is proposing that people who earn at least $1 million a year should pay at least 30 percent of their income in taxes.

    At Florida Atlantic University, the president also campaigned for other parts of his economic plan, including government projects for education and infrastructure.

    "They have not been made as some grand scheme to redistribute wealth from one group to another. This is not some socialist dream.  They have been made by Democrats and Republicans for generations because they benefit all of us," he said.

    A new Washington Post-ABC News public opinion poll shows that Obama leads likely Republican nominee Mitt Romney, 51 to 43 percent.  But more than half of the voters surveyed say they disapprove of the president’s handling of the economy.

    Obama is stressing middle class issues, to draw a contrast with the wealthy former Massachusetts governor.

    Romney's path to the Republican Party nomination became clearer Tuesday, when his main rival, former Pennsylvania senator Rick Santorum, announced that he was suspending his campaign because his daughter suffers from a rare illness.

    In addition to his speech at the university, the president attended three campaign fund-raising events in Florida.

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Jose
    April 11, 2012 8:52 AM
    wah wah wah we are to greedy to pay taxes, the rich should'nt have to pay taxes because they are more important than other people, they love money more than their country, i am taxed on what i earn and they should be taxed on what they earn, guess they don't make enough to live on!

    by: Bruce
    April 10, 2012 6:10 PM
    I can't express how much I hate this fraud, and how disgusted I am with my fellow Americans that are so greedy that they elected this guy in the hopes that he will steal money from those that earned it and buy their votes with it.

    by: C. Nerlson
    April 10, 2012 2:42 PM
    The President's continued harping on the "Buffett Rule" is blatant populist campaign rhetoric and is proof of his lack of a genuine concern with the issues of spending control and deficit reduction. Even if passed, this "rule" would have little effect on the deficit. It is a cheap reelection campaign theme, appealing to class envy and the unhealthy desire to punish those who have been more fortunate or more successful. It is a divisive distraction. The President should be ashamed.

    by: Joe Oberman
    April 10, 2012 2:31 PM
    Greed has overtaken common sense to do the right things, back when businesses paid taxes... Politicians are blind when towns and other states give big businesses property tax breaks for 5 to 10 years just to acquire them. That is morally wrong and should be illegal. Tax breaks for big businesses needs to be outlaw by every State in the Union. This is the only way to break the ‘No Tax Cycle’ of big businesses, which are financially hurting states and towns with their perfected method!

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Brexit Vote Plunges Global Markets Into Unchartered Territoryi
    X
    June 24, 2016 9:38 PM
    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
    Video

    Video Brexit Vote Plunges Global Markets Into Unchartered Territory

    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
    Video

    Video Orlando Shooting Changes Debate on Gun Control

    It’s been nearly two weeks since the largest mass shooting ever in the United States. Despite public calls for tighter gun control laws, Congress is at an impasse. Democratic lawmakers resorted to a 1960s civil rights tactic to portray their frustration. VOA’s Carolyn Presutti explains how the Orlando, Florida shooting is changing the debate.
    Video

    Video Tunisian Fishing Town Searches for Jobs, Local Development Solutions

    As the European Union tries to come to grips with its migrant crisis, some newcomers are leaving voluntarily. But those returning to their home countries face an uncertain future.  Five years after Tunisia's revolution, the tiny North African country is struggling with unrest, soaring unemployment and plummeting growth. From the southern Tunisian fishing town of Zarzis, Lisa Bryant takes a look for VOA at a search for local solutions.
    Video

    Video 'American Troops' in Russia Despite Tensions

    Historic battle re-enactment is a niche hobby with a fair number of adherents in Russia where past military victories are played-up by the Kremlin as a show of national strength. But, one group of World War II re-enactors in Moscow has the rare distinction of choosing to play western ally troops. VOA's Daniel Schearf explains.
    Video

    Video Experts: Very Few Killed in US Gun Violence Are Victims of Mass Shootings

    The deadly shooting at a Florida nightclub has reignited the debate in the U.S. over gun control. Although Congress doesn't provide government health agencies funds to study gun violence, public health experts say private research has helped them learn some things about the issue. VOA's Carol Pearson reports.
    Video

    Video Trump Unleashes Broadside Against Clinton to Try to Ease GOP Doubts

    Recent public opinion polls show Republican Donald Trump slipping behind Democrat Hillary Clinton in the presidential election matchup for November. Trump trails her both in fundraising and campaign organization, but he's intensifying his attacks on the former secretary of state. VOA National Correspondent Jim Malone reports.
    Video

    Video Muslim American Mayor Calls for Tolerance

    Syrian-born Mohamed Khairullah describes himself as "an American mayor who happens to be Muslim." As the three-term mayor of Prospect Park, New Jersey, he believes his town of 6,000 is an example of how ethnicity and religious beliefs should not determine a community's leadership. Ramon Taylor has this report from Prospect Park.
    Video

    Video Internal Rifts Over Syria Policy Could Be Headache for Next US President

    With the Obama administration showing little outward enthusiasm for adopting a more robust Syria policy, there is a strong likelihood that the internal discontent expressed by State Department employees will roll over to the next administration. VOA State Department correspondent Pam Dockins reports.
    Video

    Video Senegal to Park Colorful ‘Cars Rapide’ Permanently

    Brightly painted cars rapide are a hallmark of Dakar, offering residents a cheap way to get around the capital city since 1976. But the privately owned minibuses are scheduled to be parked for good in late 2018, as Ricci Shryock reports for VOA.
    Video

    Video Florida Gets $1 Million in Emergency Government Funding for Orlando

    The U.S. government has granted $1 million in emergency funding to the state of Florida to cover the costs linked to the June 12 massacre in Orlando. U.S. Attorney General Loretta Lynch announced the grant Tuesday in Orlando, where she met with survivors of the shooting attack that killed 49 people. Zlatica Hoke reports.
    Video

    Video How to Print Impossible Shapes with Metal

    3-D printing with metals is rapidly becoming more advanced. As printers become more affordable, the industry is partnering with universities to refine processes for manufacturing previously impossible things. A new 3-D printing lab aims to bring the new technology closer to everyday use. VOA's George Putic reports.
    Video

    Video Big Somali Community in Minnesota Observes Muslim Religious Feast

    Ramadan is widely observed in the north central US state of Minnesota, which a large Muslim community calls home. VOA Somali service reporter Mohmud Masadde files this report from Minneapolis, the state's biggest city.

    Special Report

    Adrift The Invisible African Diaspora