President Barack Obama’s 2013 budget, unveiled Monday while he was speaking at Northern Virginia Community College’s Annandale campus, calls for increasing taxes on the wealthiest Americans.
In Annandale on Monday, Obama said, "We can settle for a country where a few people do really, really well and everybody else struggles to get by or we can restore an economy where everybody gets a fair shot, everybody does their fair share, everybody plays by the same set of rules."
Specifically, Obama proposes a much higher tax rate on dividend income of the wealthiest taxpayers and a Buffett Rule to increase taxes on millionaires.
Some pundits have said that in an election year with a divided Congress, almost any budget proposal is dead on arrival. And, in fact, Republicans are already calling Obama’s proposed budget a gimmick.
In late December, a CBS poll revealed 60 percent of American voters support raising taxes on millionaires. About 35 percent said they did not support a tax hike and about 5 percent said they were not sure.
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