Special section: State of the Union 2012
State of the Union: 10 highlights
Obama: Millionaires should pay at least the 30% tax
Mr. Obama's proposal, which would close loopholes in the tax code and lift the 30 per cent of the amount taxed on income over $ 1 million, was named for Warren Buffett after the investor billionaire told the President that you pay a tax rate less than his Secretary, Debbie Bosanek.
Bosanek was a guest in the first lady during the President's State of the Union address Tuesday night and Cantor said in an interview with Erica Hill and Charlie Rose that Mr. Obama is not the only elected official with you in mind.
"I care about Secretary of Warren Buffett," said Cantor. "I want you to do well. I want you to do better, just as I think everyone in this country should have the opportunity to achieve and pursue their dream. "
Without going into that kind of detail of his recent interview with CBS ' "60 Minutes", Cantor said Wednesday that Republicans and the White House saw serious problems "very differently."
"60 Minutes": majority Leader, Rep. Eric Cantor
Video: full Segment "60 Minutes"
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"I don't think anyone wants to pay higher taxes," said Cantor, "and I think the reality is why Secretary of Warren Buffett and so many millions of other Americans are frustrated you see policies that were promoted for the last three years by this White House that frankly don't work."
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