President Obama is proposing to raise taxes on millionaires in what's called the Buffett Rule. Billionaire Warren Buffett begged Congress to raise taxes on people like him, noting his tax rate is lower than his secretary's.
Such a millionaire tax would affect 0.3 percent of the population. Not enough to make a significant dent in the deficit, but certainly every bit can help.
Republicans, however, balk at requiring millionaires to pay more, saying they are job creators. (If they are, we need them to step up their efforts.)
So, do you support millionaires paying more?
What would you be willing to give up to get the country on sound financial footing? Take our poll (in the bar on the left) or add your own suggestions:
Such a millionaire tax would affect 0.3 percent of the population. Not enough to make a significant dent in the deficit, but certainly every bit can help.
Republicans, however, balk at requiring millionaires to pay more, saying they are job creators. (If they are, we need them to step up their efforts.)
So, do you support millionaires paying more?
What would you be willing to give up to get the country on sound financial footing? Take our poll (in the bar on the left) or add your own suggestions:
