Boehner Tells Obama: Put Your Money Where Your Mouth Is.
(CNSNews.com) – House Speaker John Boehner (R-Ohio) said on Tuesday that President Barack Obama should voluntarily contribute 10 percent more of his income to the federal government to match the 30-percent rate of taxation the president believes wealthier people like him should pay.
In 2011, Obama paid only slightly more than 20 percent of his income in federal taxes. President Obama has been pushing his “Buffett Rule” tax proposal since last fall, which would mandate that people making $1 million a year (or more) pay a tax rate of at least 30 percent.
On Jan. 19 this year, Obama said, “Let me be absolutely clear: I should pay more taxes, and folks in my income bracket should pay more taxes, and certainly folks who are making billions of dollars should pay more taxes, not because I want to take their money and just give it to somebody else.”
Then on Apr. 11, Obama said, “I’d just point out that the Buffett Rule is something that will get us moving in the right direction towards fairness, towards economic growth. It will help us close our deficit and it’s a lot more specific than anything that the other side has proposed so far.”
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In 2011, Obama paid only slightly more than 20 percent of his income in federal taxes. President Obama has been pushing his “Buffett Rule” tax proposal since last fall, which would mandate that people making $1 million a year (or more) pay a tax rate of at least 30 percent.
On Jan. 19 this year, Obama said, “Let me be absolutely clear: I should pay more taxes, and folks in my income bracket should pay more taxes, and certainly folks who are making billions of dollars should pay more taxes, not because I want to take their money and just give it to somebody else.”
Then on Apr. 11, Obama said, “I’d just point out that the Buffett Rule is something that will get us moving in the right direction towards fairness, towards economic growth. It will help us close our deficit and it’s a lot more specific than anything that the other side has proposed so far.”
Read The Full Story
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