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Obama to press 'Buffett Rule' tax pitch

President Barack Obama spoke on the economy at Florida Atlantic University on April 10 Boca Raton, Florida. The President made the case for the Buffet Rule, a principle for fairness that ensures that millionaires pay at least the same effective tax rate as middle class families pay. (Marc Serota/Getty Images) President Barack Obama spoke on the economy at Florida Atlantic University on April 10 Boca Raton, Florida. The President made the case for the Buffet Rule, a principle for fairness that ensures that millionaires pay at least the same effective tax rate as middle class families pay.
April 11, 2012
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WASHINGTON—President Barack Obama is pressing his pitch for the so-called Buffett Rule.

The president is scheduled to deliver a morning statement on the rule named for billionaire investor Warren Buffett. It argues that wealthy taxpayers should not pay taxes at a lower rate than middle-class wage-earners.

The statement comes at a time when Republican presidential candidate Mitt Romney, who opposes raising taxes on the wealthy, is a big step closer to claiming his party's nomination following the withdrawal of Rick Santorum from the race.

After a closed-door meeting Wednesday with Defense Secretary Leon Panetta, the president will attend a campaign event in Washington.

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