FOXNews.com: Obama returns to pitch for 'Buffett Rule' tax

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Obama returns to pitch for 'Buffett Rule' tax Apr 11th 2012, 12:39 WASHINGTON –  President Obama is again pressing his pitch for the so-called Buffett Rule. The president is scheduled to deliver a Wednesday 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. Senate Minority Leader Mitch McConnell said the speech will be yet another attempt by the administration to push for the Buffett tax rather than take action on bipartisan jobs and energy legislation stalled in the Democrat-led Senate. "Sadly, an administration that promised it would focus on jobs is wasting yet another day on a political event that won't take a single person off the unemployment line," said McConnell, R-Ky. "With millions out of work, gas at nearly $4.00 a gallon, and the election still seven months away, Republicans are calling on the president to join us in support of the dozens of jobs and energy bills that have passed the House but are stalled in the Democrat-led Senate. We should be focused on jobs and energy legislation that can pass—not tax-hike show-votes designed to fail." After a closed-door meeting Wednesday with Defense Secretary Leon Panetta, the president will attend a campaign event in Washington. Related Stories Obama renews call for 'Buffett rule' to tax wealthiest

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions