This afternoon, President Obama will propose a "Buffett Tax" on people making more than $1 million a year as a part of his deficit recommendations to Congress, intended to generate $1.5 trillion dollars in new revenue, the majority of which will come from high-income households. Obama's plan details that $800 billion will come from letting … Continue reading How much money will Obama's 'Buffett Tax' generate and will it make a real difference to the deficit?