President Barack Obama says his call for raising taxes on millionaires is not a redistribution of wealth, but a way to free up money for crucial investments in the U.S. economy.
Pitching the so-called Buffett rule for the second straight day, Obama dismissed the notion that the plan is a gimmick. He says it is necessary in order to tackle the country's massive deficits.
The rule is named after billionaire investor Warren Buffett, who says he pays a lower tax rate than his secretary. Obama was flanked during his remarks at the White House Wednesday by several business executives and their assistants who he says agree with the principles in the Buffett rule.
The Senate will vote on the plan next week, though it has little chance of passing Congress.
Concealed Carry: What To Do When Stopped By The Police - Bearing Arms - Concealed Cary, Video
Quotes of the day
Ted Cruz Teaches Us How To Deal With The Media | RedState
Climate protesters trash memorial for terror victims in Paris [photos]
Importing Terrorism and Other American Values | Human Events
Doug Giles - Here’s Why Islam Wants Our Heads -- In THEIR Own Words
- What Is Your U.S. Income Percentile Ranking?