‘The White House pounced on [Republican presidential candidate] Mitt Romney’s revelation that he has been paying an effective tax rate of roughly 15% as evidence of the need for a so-called “Buffett rule” to prevent millionaires from paying lower tax rates than middle class Americans. “The president feels very strongly that everybody needs to pay their fair share and that everybody, therefore, gets a fair shot at the American dream,” said Jay Carney, the White House press secretary. “That includes millionaires who might be paying an effective tax rate of 15% when folks making $50,000 or $75,000 or $100,000 a year are paying much more,” Mr Carney added ...’
Financial Times, 18 January 2012
‘The White House pounced on [Republican presidential candidate] Mitt Romney’s revelation that he has been paying an effective tax rate of roughly 15% as evidence of the need for a so-called “Buffett rule” to prevent millionaires from paying lower tax rates than middle class Americans. “The president feels very strongly that everybody needs to pay their fair share and that everybody, therefore, gets a fair shot at the American dream,” said Jay Carney, the White House press secretary. “That includes millionaires who might be paying an effective tax rate of 15% when folks making $50,000 or $75,000 or $100,000 a year are paying much more,” Mr Carney added ...’
Financial Times, 18 January 2012