A White House official said the proposal would be included in the president's proposal for long term deficit reduction that he will announce Monday. The official spoke anonymously because the plan has not been officially announced.
Obama is going to call it the "Buffett Rule" for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers"
But what he still has to do is maintain a running narrative so that all f the bill gets voted up or down. No vote, he loses. He needs to shame the GOP into subservience to the people.
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