Wednesday, April 11, 2012

‘Buffett Rule' is not a campaign ‘gimmick,' Obama says (Everything Obama does is a gimmick)

ABC ^ | 4/11/2012 | Olivier Knox
President Barack Obama defended his "Buffett Rule" proposal for higher taxes on the very rich Wednesday, denying it was a reelection campaign "gimmick" that will do little to close the deficit or spur job growth.
 
"This is not simply an issue of redistributing wealth," Obama said. "This is not just about fairness. This is also about growth. This is also about being able to make the investments we need to succeed and it's about we, as a country, being willing to pay for those investments and closing our deficits."
 
The president took aim at critics who say, in his words, "This is just a gimmick, just taxing millionaires and billionaires, just imposing the Buffett Rule won't do enough to close the deficit. "
 
He went on: "I agree, that's not all we have to do to close the deficit.

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