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WASHINGTON, April 10 (Xinhua) -- In a campaign-style speech, U. S. President Barack Obama Tuesday reiterated1 the "Buffett Rule" to highlight the importance of economic fairness for the nation's prosperity, as Obama has geared up his reelection bid.
The rule was named after billionaire investor2 Warren Buffett who has famously said that he paid a lower tax rate than his secretary. Democrats3 held that millionaires should share the burden of mounting government fiscal4 pressure.
Economic fairness is the "defining issue of our times", Obama said in an address at Florida Atlantic University, adding that U.S. people are better off when everybody gets a fair shot and everybody does a fair share.
Nearly one-quarter of all U.S. millionaires pay a lower tax rate than millions of middle-income taxpayers5 currently, figures from the White House showed.
"In this country, prosperity has never trickled6 down from the wealthy few. Prosperity has always come from the bottom up, from a strong and growing middle class," Obama told a group of students and faculty7.
"The rich got much richer. Corporations made big profits. But we also had the slowest job growth in half a century" partly due to the tax cut policies rolled out in the George W. Bush administration which has benefited the wealthy, he contended.
Wars in Afghanistan and Iraq, former President George W. Bush' s tax cuts, economic stimulus8 measures under the Obama administration to tide over the economic downturn, and ballooning entitlements expenses in an aging society all contributed in a major way to the spiking9 U.S. national debt surpassing 15 trillion U.S. dollars.
The push for the "Buffett Rule" was the White House's latest effort to portray10 Obama as being more in touch with middle-class voters. The speech came one week before the Senate's scheduled vote on a bill that would require U.S. taxpayers with an annual income of one million dollars or more to pay an income tax rate of at least 30 percent.
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1 reiterated | |
反复地说,重申( reiterate的过去式和过去分词 ) | |
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2 investor | |
n.投资者,投资人 | |
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3 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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4 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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5 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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6 trickled | |
v.滴( trickle的过去式和过去分词 );淌;使)慢慢走;缓慢移动 | |
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7 faculty | |
n.才能;学院,系;(学院或系的)全体教学人员 | |
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8 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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9 spiking | |
n.尖峰形成v.加烈酒于( spike的现在分词 );偷偷地给某人的饮料加入(更多)酒精( 或药物);把尖状物钉入;打乱某人的计划 | |
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10 portray | |
v.描写,描述;画(人物、景象等) | |
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