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President Barack Obama is calling on Congress to increase taxes on millionaires...
Obama also renewed his call for ending tax cuts for taxpayers earning more than $250,000. Those breaks, enacted during President George W. Bush's first term, expire at the end of this year.
The new effort comes just days after the Senate fell short of the 60 votes needed to advance Obama-initiated legislation that would have ended $4 billion in annual subsidies to oil and gas companies.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/03/31/national/w031140D14.DTL#ixzz1qhIaCTIG