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Jane Richey / April 14, 2012

Effort for Redistribution of Wealth Continues

President Obama used his weekly address to continue pressuring lawmakers to pass his “Buffett Rule” proposal, saying the measure would make the tax code more fair and help fund needed investments to grow the economy.

“As many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part,” Obama said in the address posted online Saturday.

The address is the latest effort in a public relations push from the White House to pressure Republicans to adopt the measure, named after billionaire investor Warren Buffet, which would raise taxes on the wealthiest of Americans.

The Senate is expected to vote on the proposal Monday, but the bill faces strong opposition from the GOP.

Read more.

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Filed Under: Constitutionally Limited Goverment, Free Markets Tagged With: Buffett Rule, economy, tax system, wealth redistribution

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