Biden: ‘Nothing Has Been Asked’ of Millionaires ‘In This Horrendous Recession’
(CNSNews.com) – “Millionaires are just as patriotic as poor people” Vice President Joe Biden told members of the National Education Association in Washington on Tuesday.
“The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it’s time to just act.”
Biden, echoing his boss, said those who make a million dollars or more should pay more taxes, especially during a recession.
In his State of the Union address in January, Obama urged Congress to embrace a tax plan named after billionaire Warren Buffett:
“If you make more than a million dollars a year, you should not pay less than 30 percent in taxes,” the president said. “In fact, if you’re earning a million dollars a year, you shouldn’t get special tax subsidies or deductions. On the other hand, if you make under $250,000 a year -- like 98 percent of American families -- your taxes shouldn’t go up.”