Obama believes that the rich should stop receiving the benefits “that do not need”

The U.S. President Barack Obama will defend today in a speech at a university in Florida its proposal to raise taxes on millionaires who receive tax benefits “not needed”, and warned of “growing gap between the very rich and everyone else. ”

1 percent of Americans, the richest, are currently paying a lower tax rate “in 50 years,” Obama will emphasize in his speech at Florida Atlantic University, according to excerpts developed by the White House.

“That is wrong. That’s not fair. And it is time for us to choose which direction we go as a country. Do we want to keep giving tax breaks to the wealthiest Americans, who do not need and never asked, or do we want continue to invest in things that grow our economy? “affirm Obama.

The president encouraged Congress to pass the “rule Buffett”, which aims to raise taxes on the wealthy as a way of reducing the deficit.

The proposal is to raise taxes on incomes over one million dollars annually to 30 percent, a standard that has adopted the name of billionaire investor Warren Buffett, who has publicly stated that it is unfair that his secretary pays a tax rate than him.

Wage income is taxed in the U.S. with a percentage higher than that applied to capital.

“If you earn over a million dollars a year, must pay at least the same percentage of their income in taxes than middle-class families,” Obama will insist today.

The president also alert you to drag down the U.S. economy “is the growing gap between the very rich and everyone else.”

The Obama tax proposal is one of the emblems of his campaign ahead of elections of November 6, which aims to re-election.

The “rule Buffett” will be voted on next week in the Senate, controlled by Democrats, but has no chance of being passed in the House of Representatives, where the majority Republicans who strongly oppose raising taxes on big fortunes.

Republicans, including presidential candidate Mitt Romney and Obama’s likely opponent in November, proposed a cut in public spending and government assistance programs and as an alternative to reduce the deficit.

Romney has been criticized precisely because, despite his millions in income, pays about 15 percent in taxes, a lower rate than the average citizen.