Obama Pressing for 'Buffett Rule' in Florida
WASHINGTON (AP) - President Barack Obama is urging Congress to boost taxes on millionaires, traveling to Florida to make a populist pitch about economic fairness.
Obama is outlining his support for the so-called Buffett rule at Florida Atlantic University in Boca Raton, arguing that wealthy investors shouldn't pay taxes at a lower rate than middle-class earners.
Obama's campaign views the proposal in stark contrast to Republican front-runner Mitt Romney, whose campaign says it would lead to raising taxes on small businesses.
The push for the Buffett rule, named after billionaire investor Warren Buffett, comes as millions of Americans prepare to file their taxes. The plan has little chance of passing Congress but Senate Democrats are pushing for a vote next week.
Obama is also holding three fundraisers as part of his Florida trip.
- Obama: Florida's Electoral Votes Make Nice Birthday Gifts
- New Poll: Obama Leads Romney in Florida, Bill Nelson Ahead in Senate Race
- President Obama Talks Easy Pleasey Lemon Squeezy With TV 20's David Snyder
- Tea Party's Yoho A Major Upset in Florida
- How Will JPMorgan's $2B Loss Affect Banking Rules?
- Obama in First Visit to Hoover Dam: 'Spectacular'
- Mack Attack Ad Blasts Nelson Over Obama Pipeline Call
- Poll Shows President Obama Ahead in Swing States
- Obama and Romney Trade Barbs Over Economic Plans
- Analysis: Obama, GOP Size Each Other Up for Deals