Obama To Call For Minimum Tax Rate For Millionaires

Posted by | September 18, 2011 12:41 | Filed under: Top Stories

President Obama Monday will call for a rewrite of the tax code, including a minimum tax for millionaires.

…the proposal would target the top 0.3 percent of taxpayers, many of whom currently reap huge benefits from lower lower rates on capital gains and dividends, which form the bulk of their earnings. While the idea has little chance of winning congressional approval, it could help shape a populist message for Obama and other Democrats heading into the 2012 presidential campaign.

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Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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