President Obama, in an upcoming speech at Florida Atlantic University, will make his case for the so-called “Buffett Rule,” a proposal that millionaires should pay a bigger share of their income in taxes than the middle class. Obama will also make the case that prosperity has never trickled-down from the wealthiest people in the country.
Here’s an excerpt of Obama’s speech, as prepared for delivery:
In this country, prosperity has never trickled-down from a wealthy few. Prosperity has always come from a strong and growing middle class. That’s how a generation who went to college on the GI Bill – including my grandfather – helped build the most prosperous economy the world has ever known. That’s why a CEO like Henry Ford made a point to pay his workers enough so they could buy the cars that they made. America isn’t about a few people doing well. It’s about giving everyone the chance to do well.”
