President Barack Obama’s 2013 budget, unveiled Monday while he was , 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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