INFO-AWARENESS: Aug 16, 2011

Tuesday, August 16, 2011

Putting the American People First -----------------------------Aug-16-2011--

Putting the American People First

Aug-16-2011--While members of Congress are at home in their districts, President Obama asks Americans that agree that it's time to put country before party and pass stalled bills to help grow our economy to let them know.

President Obama announces new job initiatives for rural America.

On the first day of his tour of rural America, the President takes questions on the economy.

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Why Buffett’s Plan To Tax the Rich Won’t Fix the Debt----------Aug-16-2011--

Why Buffett’s Plan To Tax the Rich

Won’t Fix the Debt

Aug-16-2011--Buffett, chairman of Berkshire Hathaway, and one of the richest individuals on the planet.

Buffett is said to be worth about $47 billion, virtually all of it already beyond the reach of the tax man.

In the op-ed, Buffett calls for higher taxes from the rich, to ostensibly bridge the massive U.S. debt gap, which stands at $14.3 trillion this month. But that’s one bridge that could stand too far –

Buffet proposes a tax reform plan to tackle that problem.

Specifically, he would:

-Keep income taxes unchanged for 99.7% of taxpayers, i.e., everyone but the super-rich.

-Keep the current 2% reduction in the employee payroll tax.

-Raise tax rates for individuals with more than $1 million in annual income

-Raise taxes for the uber-wealthy –

those making more than $10 million per year