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In his weekly address, President Obama encouraged Congress to pass the 'Buffett Rule', which would raise taxes on anyone making over $1 million per year. The President said the legislation, if passed, would make the United States "a little fairer, a little more just and a lot stronger". Without it, he also warned:
..."Seniors will have to pay more for their Medicare benefits. Students will see their interest rates go up at a time when they can’t afford it. Families who are scraping by will have to do more because the richest Americans are doing less."
President Obama Encourages Congress To Pass the Buffett Rule