Warren Buffett and the White House - Obama makes case for "Buffett rule"

The President is promoting the Buffett rule, which would set a minimum tax of 30 per cent on the income of millionaires, as he attempts to establish a stark contrast with his Republican challenger and a former private equity executive.

The measure is named after Warren Buffett, the billionaire investor who has called for higher taxes on the wealthy after noting he pays a lower tax rate than his secretary because of preferential tax treatment for capital gains and dividend income ... READ MORE

Released by the Financial Times - 10 April 2012