Boca Raton, Florida (CNN) – Without mentioning the names of his Republican rivals, President Barack Obama took his ideological opponents to task on Tuesday during a speech on Tuesday at Florida Atlantic University. Trumpeting themes of fairness and equal sacrifice, the president used facts and figures to argue that a continuation of current tax breaks to the nation's top-earners would be the wrong way to tackle the country's mounting debt.
"A lot of the folks who were peddling these trickle-down theories, including members of Congress and some people who are running for a certain office right now who shall not be named- they're doubling down on these old, broken down theories," the president said, pointing to the budget recently passed by House Republicans as an example.FULL STORY
New York (CNNMoney) - President Obama on Tuesday will continue to beat the drum for the Buffett Rule, his campaign-ready tax proposal aimed at millionaires and billionaires.
A central message of Obama's re-election campaign is his argument that the very rich should pay more in taxes.FULL STORY
New York (CNNMoney) - President Obama this week defined what he believes should be the minimum "fair share" for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income.
"If you make more than $1 million a year, you should not pay less than 30% in taxes," Obama said during his State of the Union address.FULL STORY
NEW YORK (CNNMoney) - Warren Buffett will host a fundraiser for President Obama next month in New York City, the Berkshire Hathaway CEO told CNNMoney on Thursday.
With the 2012 election season just around the corner, the campaign to put Obama back in the White House for a second term is well underway - and it's not unusual for the campaign to boost the president's drawing power by allowing him to share the stage with a well known benefactor.FULL STORY
Washington (CNN) - As the recession continues to play a monumental role in the midterm election battle, CNN has learned that President Barack Obama quietly met with billionaire Warren Buffett for an hourlong meeting at the White House Wednesday, according to senior officials familiar with the chat.
The 11:15 a.m. meeting was not listed on Obama's public schedule, the officials said, but the White House released a photograph of the encounter after it had ended.
In addition to the economic crisis, the two men discussed energy reform and other issues, according to the officials.
As the president continues to push for more private-sector jobs, one senior administration official said additional big guns could be expected to pay visits to the White House.