Obama in Fla. pushing Buffet Rule to tax the wealthy on investment incomeNews added by Lauren McNitt on April 10, 2012
Lauren McNitt

Lauren McNitt

Denver, CO

Joined: September 08, 2010
President Barack Obama is renewing his push for raising taxes on millionaires in a visit to Florida this week.

Obama is pushing the so-called Buffet Rule, which calls for people making over $1 million per year to pay income taxes of at least 30 percent on both salary and investments. Right now wealthy taxpayers only pay 15 percent on investment income.

As a part of its message, Obama’s campaign attacked GOP presidential candidate Mitt Romney for not paying his “fair share” of taxes.

"Romney is a beneficiary of a broken tax system, and he wants to keep it that way," Obama campaign manager Jim Messina told AP reporters Monday.
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