10:33 PM
celeb vocations
Obama Offers "tax Buffet" Millionaires
WASHINGTON (Reuters) - Barack Obama, in a populist gesture designed to appeal to voters, suggests a "tax Buffet" on people making more than $ 1 million a year as part of its recommendations to Congress on Monday the deficit.
That proposal, including proposals to Congress of the European Super expected to seek up to $ 3 billion in deficit savings over 10 years, I appeal to his base of democratic elections in 2012, but probably not increase much revenue.
White House Communications Director Dan Pfeiffer said in a tweet on Saturday, the tax would act as a "type of AMT" (Alternative Minimum Tax) to ensure at least as many millionaires pay taxes to middle class families.
"Buffett's Tax" refers to the billionaire investor Warren Buffett, who wrote earlier this year that rich people like him often pay less tax than those who work for them because of gaps in taxcode, and can afford to pay more.
Obama will make its recommendations to the White House Rose Garden remarks at 10:30 am on Monday and is expected to urge measures to increase tax revenues and spending cuts.
But Congress is free to ignore his suggestions and
Republicans who control the House of Representatives, said they'll agree to tax increases.
The committee of six Democrats and six Republicans big should find at least $ 1.2 billion in deficit savings for the end of the year to avoid painful cuts automatic, and is responsible for finding savings of up to $ 1, 5 000 million.
These savings are more than 917 billion dollars in deficit reduction agreed at an agreement in August to raise the debt limit and Obama wants to go further.
Are urged to consider separately $ 450 billion in tax increases on top of this objective to pay a bill of jobs announced earlier this month.
The tax could help push Barack Obama Buffett base, highlighting a feature of the tax code that allows the super rich to pay lower tax rates with fewer resources Americans
because most of their income is capital gains, dividends, and "profit the earnings of hedge fund managers.
This is taxed at 15 percent, compared with rates of 10 to 35 percent on incomes simple.
(Reporting by Alister Bull, the French version Peter Cooney)
That proposal, including proposals to Congress of the European Super expected to seek up to $ 3 billion in deficit savings over 10 years, I appeal to his base of democratic elections in 2012, but probably not increase much revenue.
"Buffett's Tax" refers to the billionaire investor Warren Buffett, who wrote earlier this year that rich people like him often pay less tax than those who work for them because of gaps in taxcode, and can afford to pay more.
Obama will make its recommendations to the White House Rose Garden remarks at 10:30 am on Monday and is expected to urge measures to increase tax revenues and spending cuts.
Republicans who control the House of Representatives, said they'll agree to tax increases.
The committee of six Democrats and six Republicans big should find at least $ 1.2 billion in deficit savings for the end of the year to avoid painful cuts automatic, and is responsible for finding savings of up to $ 1, 5 000 million.
These savings are more than 917 billion dollars in deficit reduction agreed at an agreement in August to raise the debt limit and Obama wants to go further.
Are urged to consider separately $ 450 billion in tax increases on top of this objective to pay a bill of jobs announced earlier this month.
because most of their income is capital gains, dividends, and "profit the earnings of hedge fund managers.
This is taxed at 15 percent, compared with rates of 10 to 35 percent on incomes simple.
(Reporting by Alister Bull, the French version Peter Cooney)
Posted in: 
0 comments:
Post a Comment