Obama to press 'Buffett Rule' tax pitch
U.S. President Barack Obama (L) presents investor, industrialist and philanthropist Warren Buffett with the 2010 Medal of Freedom. Photograph from Getty Images.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 04/11/2012
WASHINGTON - President Barack Obama is pressing his pitch for the so-called Buffett Rule.
The president is scheduled to deliver a morning statement on the rule named for billionaire investor Warren Buffett. It argues that wealthy taxpayers should not pay taxes at a lower rate than middle-class wage-earners.
The statement comes at a time when Republican presidential candidate Mitt Romney, who opposes raising taxes on the wealthy, is a big step closer to claiming his party's nomination following the withdrawal of Rick Santorum from the race.
After a closed-door meeting Wednesday with Defense Secretary Leon Panetta, the president will attend a campaign event in Washington.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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