Obama Says Nation Needs 'Buffett Rule'

By: AP Posted By: Stephanie Schultz
By: AP Posted By: Stephanie Schultz
(AP/CBS)

(AP/CBS)

WASHINGTON (AP) _ President Barack Obama says the nation can't
afford to keep giving tax cuts to the wealthiest Americans ``who
don't need them and didn't even ask for them.''

Obama is using his weekly radio and Internet address to urge
Americans to ask their member of Congress to support the so-called
Buffett Rule. The Senate is expected to consider the proposal on
Monday.

The plan would require that people earning at least $1 million
annually, whether in salary or from investments, pay at least 30
percent of their incomes in taxes.

In the Republican address, Rep. Fred Upton of Michigan says the
administration's policies are making gasoline prices worse. He says
energy legislation pushed by the House is being blocked by Senate
Democrats.


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