Tax Plan Targeting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

gregg: that is putting it lightly. heather: president obama taking the wraps off his new tax plan targeting americans earning $1 million a year or more. it s named after this man, one of the richest men in the world, warren buffett but the president is taking strong opposition from republicans. peter doocy reports from washington. reporter: the president wants millionaires and middle-class to pay the same percentage and wants to call it the buffet rule but republicans are saying that is not the right way to raise revenues. it adds further instability and more uncertainty and punishes job creation. class warfare makes for good politics but rocky economics. reporter: he won t be giving specifics about the exact rate or how much money it could bring in but a look at recent history that the president thinks 5.4% ....

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