WASHINGTON (AP) — Michael Froman, a senior White House economic adviser and classmate of …
WASHINGTON (AP) — Michael Froman, a senior White House economic adviser and classmate of …
WASHINGTON (AP) — The U.S. accused China and Russia of failing to meet minimum standards …
BERLIN (AP) — President Barack Obama raised the prospect Wednesday that Europe might need…
BERLIN (AP) — President Barack Obama is challenging Americans and Europeans not to become…
Updated: Saturday, 14 Apr 2012, 6:49 AM MDT
Published : Saturday, 14 Apr 2012, 6:49 AM MDT
WASHINGTON (AP) — President Barack Obama says the nation can't afford to keep giving tax cuts to the wealthiest, "who don't need them and didn't even ask for them."
Obama is using his weekly radio and Internet address to urge Americans to ask their member of Congress to support the "Buffett Rule," which is named after billionaire investor Warren Buffett, who says he pays a lower tax rate than his secretary.
The plan would require that people earning at least $1 million annually, whether in salary or from investments, pay at least 30 percent of their incomes in taxes.
The Senate is expected to consider the proposal on Monday.
In the Republican address, Rep. Fred Upton of Michigan says the administration's policies are making gasoline prices worse. He says energy legislation pushed by the House is being blocked by Senate Democrats.
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Online:
Obama address: http://www.whitehouse.gov
GOP address: http://www.youtube.com/HouseConference
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