Live Breaking News & Updates on Pet Project Like Medicare Reform

we begin with this, president obama has wanted tax increases all along, but the republicans resisted, but now mr. obama is helping to pay for his new jobs plan and come monday morning your going to hear all about it when he announces details of the so-called buffett role, named after warren buffett. a tax on millionaires to make sure they don t pay a smaller percentage than the nation s middle class and as candy crawly reports there s already an uproar in washington. reporter: the president s plan to pay for his jobs program includes the idea of a millionaire minimum tax rate. at least as high as middle class rates. the administration calls it the buffett rule, for billionaire investor warren buffett. i have a lower tax rate, counting payroll taxes, than anybody in my office. reporter: it s catchy moniker, although republicans call it something else entire. i when you pick one area of the economy and say we re going to tax those people, it s class warfare. cla ....

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