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The White House said in a report released ahead of Obama's speech that the tax proposal would restore fairness to the system, pointing to 22,000 households earning more than $1 million annually that paid less than 15 percent of their income in income taxes in 2009. Nearly 1,500 of those households paid no federal income taxes, the report said. Obama economic adviser Jason Furman said the Buffett rule reflected the "most simple, common-sense element of any tax reform." Obama was holding three fundraisers near West Palm Beach and Fort Lauderdale. The events were expected to raise at least $1.7 million. A large rally-style event in Hollywood, Fla., was to include a musical performance by singer John Legend.
[Associated
Press;
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