U.S. President Barack Obama is planning to have a higher minimum rate for the wealthiest Americans so that they are taxed at the same speed as the poor.
White House officials said Obama would give the details of his proposal on Monday when he reveals his long-term plan to reduce the budget deficit.
Reports say that the proposal is called the rule of Warren Buffett, billionaire investor Warren Buffett after.
Mr. Buffett said holes means more wealthy pay relatively less tax.
This is because investment income is taxed at lower rates than wages.
The new tax proposal would affect Americans making more than $ 1 mA years.
White House officials said Obama would give the details of his proposal on Monday when he reveals his long-term plan to reduce the budget deficit.
Reports say that the proposal is called the rule of Warren Buffett, billionaire investor Warren Buffett after.
Mr. Buffett said holes means more wealthy pay relatively less tax.
This is because investment income is taxed at lower rates than wages.
The new tax proposal would affect Americans making more than $ 1 mA years.
The proposal is likely to meet a strong challenge in Congress, where Republicans have said they oppose any tax increase.
The U.S. economy grew very slowly, while the unemployment rate remains stubbornly high, more than 9%. Faced with elections next year, Obama had a battle in Congress over how to reduce the growing deficit as the economy stagnates.
A Congress "supercommittee" of six Republicans and six Democrats were asked to find marked reductions in the deficit in late November, when the cut automatically in force.
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