Obama tries to recover from a really bad March by ratcheting up class warfare

In March, President Obama had what might be the worst month of any presidency in modern times.  In an attempt to get his re-election campaign back on track, he is beating the class warfare drums. Since he has little in the way of accomplishments, and will have less if Obamacare is ruled unconstitutional, class and race-baiting are all he has.

WASHINGTON — President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last September that aims to draw sharp election-year lines between the president and the Republican opposition.

The plan, scheduled for a vote in the Democratic-controlled Senate on April 16, stands little chance of passing in Congress. But it is a prominent symbol of the efforts the president and congressional Democrats are making to portray themselves as champions of economic fairness. Republicans dismiss the idea as a political stunt with little real effect on the budget.

“We don’t envy success in this country. We aspire to it,” Obama said in his Saturday radio and Internet address. “But we also believe that anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead — not just a few.”

Obama calls the plan the “Buffett Rule” for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers. Many wealthy taxpayers earn investment income, which is taxed at 15 percent. Obama has proposed that people earning at least $1 million annually — whether in salary or investments — should pay at least 30 percent of their income in taxes. Keep on reading...