April 11th, 2012
08:24 AM ET
It's day two of the president's push for the so-called "Buffett Rule," the proposal to compel any taxpayer making north of $1 million per year to pay at least a 30 percent tax rate (currently, many do not because a majority of these people's income tends to derive from gains on investments, which are generally taxed at 15 percent).
In an event today at the White House, Obama will meet with millionaires who are bringing their secretaries in tow. These secretaries, like Buffett's, pay a higher tax rate than the millionaires themselves because of the structure of the current tax code.
Senate Democrats are putting the proposal up for a vote in the coming days but it is not expected to go anywhere, a political reality of which the White House is surely aware. This has led to expected charges from Republicans that the president is using "official speeches" (read: paid for by taxpayers) to play election year politics.
Later Wednesday, the president will meet with another group of millionaires, this time for an intimate 20-person fundraiser at the W Hotel. Each participant is shelling out $40 thousand to attend.
Full schedule after the jump:
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