WH: Buffett Rule is ‘a floor, not a ceiling’

Published February 1, 2012 5:00am ET



President Obama would like 30 percent to become the new minimum tax rate paid by the wealthy, his spokesman said today.

“It’s a floor, not a ceiling,” White House Press Secretary Jay Carney said about the so-called Buffett Rule today.  “If that wealthy earner owes more, then obviously the wealthy earner, like everyone, should pay his or her taxes.  The 30 percent is a floor.”

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