President Obama's Weekly Address 4/14/12: It’s Time for Congress to Pass the Buffett Rule

WASHINGTON, DC— In this week’s address, President Obama urged Congress to pass the Buffett Rule, a principle of fairness that says if you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle class families. Meanwhile, if you make under $250,000 a year – like 98 percent of American families do – your taxes shouldn’t go up. The President has been pushing Congress to pass the Buffett rule to help ensure we have a system that’s fair, where everyone plays by the same set of rules and we can continue to make the investments we need to grow our economy and help the middle class and those trying to get in it.