ContributorNetwork ? COMMENTARY | It?s no surprise that President Barack Obama?s ideas about how to fund his jobs bill include tax increases for wealthy Americans. It has long been his position that the George W. Bush tax cuts should be allowed to expire. On top of this proposal, he wants to increase the minimum tax rate for individuals making more than $1 million. The president charmingly dubbed this provision the ?Buffett Rule,? in case anyone forgot which billionaire famously proclaimed that rich people don?t pay their fair share.
Source: http://finance-dot.com/finance/capital-gains-taxes-are-not-a-sacred-cow-contributornetwork/
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