Rich U.S. So Obama's Tax Short

In the midst of difficulties to overcome its budget deficit, the President of the United States, Barack Obama will propose an unpopular policy for the country. Obama plans to ask Buffett Tax is the tax policy for the community who earn more than U.S. $ 1 million per year.

The plan, one of the proposals to reduce the U.S. budget deficit will be filed on Monday. Proposal submission of tax the rich plus other proposals to the U.S. congress is expected to increase the budget of U.S. $ 3 trillion over 10 years, Obama is likely to hamper efforts to get ahead in the Presidential election in 2012 and will not be too much increase state revenues.

And the White House Communications Director Pfeiffer in a twitter account on Saturday, September 17, 2011 as quoted by Reuters on Sunday, September 18, 2011 said the U.S. tax the rich man was a kind of alternative minimum tax (Alternative Minimum Tax) which aims to ensure U.S. millionaires pay taxes or at least equal to export tax rate for U.S. middle class.

Obama plans to propose this recommendation in a speech at the White House on Monday (19 September 2011) at 10:30 local time. It is estimated that Obama's speech will include efforts to increase tax revenues in addition to cutting the government budget.

Other programs included in the reform of the U.S. budget is a health program that has been provided by the government for the poor. The White House has said Obama will not propose any changes to the plan retired government employees.

Most likely the U.S. government's proposed increase revenue through a number of these new programs will face opposition in U.S. Congress. Moreover, previous, Republicans who control the U.S. Senate have expressed opposition to tax increases.

For information, Buffet Tax comes after U.S. billionaire Warren Buffett, revealed that among the wealthy in the country often pay lower taxes than his employees. It can happen hence the existence of loopholes in U.S. tax rules.