Reuters – Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.

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Billionaire Buffett defends proposed tax rate change
(Reuters)

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Reuters – Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.

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Billionaire Buffett defends proposed tax rate change
(Reuters)

Reuters – President Barack Obama will seek to frame an election-year State of the Union address on Tuesday in starkly populist terms by emphasizing the inequality in a tax system that allows the wealthy to pay a lower rate than middle-class Americans.

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Obama to contrast tax inequality in State of the Union
(Reuters)

As the GOP primaries heat up, and the 2012 election quickly approaches, the Obama reelection campaign has reportedly decided to focus all of its attention on the economy. Perhaps three years of being hammered by Republicans for poor job growth and high unemployment prompted this supposed change of focus. “We’re seeing continuing high levels of unemployment. We see home values declining; foreclosures remain at record levels,” said former Massachusetts Gov. Mitt Romney, concluding that Obama “has failed in the job he was elected to do.” And Romney’s not the only high-profile GOP candidate to attack President Obama on the economy. All of them have. Therefore, because the Obama administration would like to see a repeat of the 2008 election, don’t expect to see feel-good messages like “Hope and Change.” Get ready for the dawn of “Fair Shot.” As Christi Parsons and David Lauter of McClatchy -Tribune News Service point out, the Obama administration, up until this point, has relied mostly on the “It Could Be Worse” tactic while defending its economic initiatives. However, for all the obvious reason, strategists in the Obama camp don’t think this message will go far with the average American. They decided they needed something more proactive and endearing to voters. So, what’s the new campaign theme? Parsons and Lautner report: …increasingly, Obama and his aides have switched to a longer view, trying to focus attention on what they portray as the president’s defense of the middle class…The theme of giving the middle class a “fair shot” potentially works against whoever survives the demolition derby among the Republican hopefuls…The “fair shot” theme also provides a more positive message than previous Obama formulations, which some analysts saw as harder-edged attacks on the wealthy [ Editor's note: admittedly, “fair shot” has a nicer ring to it than “ punish our enemies "]. It’s about “defending the middle class” and giving them a “fair shot.” “This isn’t just about recovering from this recession,” said a senior adviser to Obama, “This is about saving the middle class from a decline that’s been going on for three decades.” The president’s “Teddy Roosevelt” speech at Osawatomie, KS., earlier this year marked the beginning of his “Defenders of the Middle Class” campaign strategy. You can expect to hear a lot more of this type of rhetoric, especially during his upcoming State of the Union address. “It’s a much stronger position than where he was before,” said Democratic pollster Stanley Greenberg . Talking about the “state of the middle class” connects with voters in a way that discussing the “state of the recovery” doesn’t, he said. Not surprisingly, some analysts have labeled this new strategy as “class warfare” and have accused the president of continuing to “duck the nation’s problem of creating jobs.” But despite these criticisms, “Defenders of the Middle Class” is the theme the campaign has settled on and they’re going to stick to it. “Obama set the stage for the new approach this fall as he told friends that he felt a need to deliver a speech that would look at the nation’s economic troubles from a ‘higher altitude,’” reports Parsons and Lautner . Democratic strategists believe that there are two benefits to this new campaign theme. First, they believe there is a large audience (Occupy Wherever) that will take an instant liking to the message. Second, they believe ”Republicans have played into their argument by first backing tax cuts for the wealthy and then balking at a payroll tax cut aimed at the middle class,” writes Parsons and Lautner . “The social Darwinism, the trickle-down economics – these are just not working for this country,” said David Axelrod . “The president’s vision was a very distinct vision from what the Republicans are offering.” Read the full report here.

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It’s Official: Obama Reelection Campaign Will Highlight his ‘Defense of the Middle Class’

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(The Blaze/AP) In a rare appearance on a Sunday news program Romney portrayed himself as the GOP candidate who is best able to defeat Obama next year. “The president’s going to go after me,” Romney said on Fox News Sunday . “I’ll go after him.” Romney defended his years making millions in private business, claiming he’ll be able to handle attacks from Democrats who are already trying to paint him as wealthy and out-of-touch. And he argued that his tax proposal is kinder to the middle class and less generous to the rich than the flat tax proposals his rivals – including Gingrich – are backing. ROMNEY: I want to make sure that with the precious dollars we have, if we can provide the tax relief, that those dollars go to middle-income Americans. The people that have been hurt in the Obama economy are — are not the wealthy. The wealthy are doing just fine. The people that have been hurt are people in the middle class. And so I focus the — those precious dollars that we have — I focus that on the middle class. I want – WALLACE: But what’s wrong with a 15 percent flat tax or the 20 percent flat tax? You’re keeping the current rate for the wealthy as 35 percent? ROMNEY: Look, I would love to see a — a tax system which brings down rates, which is a more broad-based tax system, which eliminates some of the deductions and exemptions. The Bowles-Simpson plan, for instance, I think, had a lot to speak for. And — and I’ll — I’ll work on a plan of that nature. The policies I’ve seen so far that have been put forward of that nature have represented dramatic reductions in taxes for the very highest income people, and I’m not looking to dramatically reduce taxes for the wealthiest in our society. Not that there’s anything wrong with being wealthy. I’m pleased to have done well myself. You understand that, others do. But my — my intent in running for president is to help middle-income Americans, and a plan that dramatically cuts taxes for the very, very wealthiest, in my opinion, is not the right course. AP notes that Romney’s confidence increasing, as he has stepped away from his aggressive attacks on Gingrich in recent days. When asked what separates himself from the former Speaker, Romney avoided personal attacks and instead identified examples of how he would lead the party if elected, while admitting Gingrich would still make a better President than Barack Obama:

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Wouldn’t this be a delicious match-up ? “Republican Harry Wilson, the wealthy investor and former member of President Obama’s Auto Industry Task Force, is being talked up by GOP insiders as a possible candidate against US Sen.

ContributorNetwork – COMMENTARY | “There is surging sentiment out there among voters that the economy is weighted towards the wealthy,” said a senior White House official according to Financial Times. “Public opinion has changed dramatically.”

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Successful Americans — Obama’s ‘Other War’
(ContributorNetwork)

Daily Caller – President Obama wants tax increases on the wealthy, regardless of whether the Democrats’ proposed millionaire tax becomes law, White House spokesman Jay Carney said Friday.

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White House: Millionaire tax isn’t enough
(Daily Caller)

Obama Calls for $1.5 Trillion in New Taxes

On September 20, 2011, in Uncategorized, by stuartbramhall

On the “wealthy,” of course. At Washington Post, ” Obama sharpens contrast with GOP, issues forceful call for new tax revenue .” President Obama made a defiant call on Monday for $1.5 trillion in new taxes as part of a plan to find $3.2 trillion in budget savings over the next decade, issuing his most detailed proposal yet to tame the soaring federal debt. Abandoning earlier compromises, Obama adopted a posture that cedes far less ground in cutting the nation’s social safety net and demands much more in terms of new levies on millionaires, other wealthy Americans and some industries. The proposal drew an angry response from key Republicans, underscoring the considerable opposition to his plan on Capitol Hill as a special bipartisan committee on deficit reduction ramps up its work in coming weeks. Also at Chicago Sun-Times, ” Tax the rich, Obama says; class warfare, says GOP .” Progressives are all energized about how Obama is supposedly throwing the “class warfare” attack back in the GOP’s face. But all day I’ve been reading post after post from progressives just mercilessly demonizing the so-called corporate rich. Think Progress is seriously on the warpath, for example, ” While Lobbying For Huge Tax Giveaways, Corporations Hoard Record Amounts of Cash Instead of Hiring ,” and ” Multi-Millionaire Rep. Says He Can’t Afford a Tax Hike Because He Only Has $400K a Year After Feeding Family .” These are Marxist attacks, in essence. High earners or the wealthy don’t deserve to keep their money. Repeatedly we hear Democrats speaking in terms of “shared sacrifice” and “fairness,” but such appeals, nice sounding at first, are cancelled out by vicious attacks on those who aren’t poor or unemployed. It’s ridiculous. Indeed, it’s un-American. RELATED : ” Anti-American Graffiti: Marxist Scribblings Sighted in Suburban Orange County .”

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Obama Calls for $1.5 Trillion in New Taxes

Daily Caller – In an address Monday morning, President Barack Obama called on Congress to pass $1.5 trillion in new taxes — mostly on the wealthy — while vowing to veto any deficit reduction plan that reduced entitlement spending or failed to increase taxes on the upper class.

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GOP hopefuls doubtful of Obama tax proposal
(Daily Caller)