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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Obama, TIME, Cite Millionaire Corner Survey in Support of Buffett Rule

| BY Donald Liebenson

President Barack Obama, in urging Congress to pass his $447 billion jobs plan, cited Millionaire Corner’s recent survey that found support amongst millionaires for the Buffett Rule, one of his recommendations to cut the nation’s deficit by $3 trillion. In the survey conducted in October, just over 69 percent said taxes should be raised on those who make $1 million or more in income. Of these, just over 67 percent were millionaires. The Buffet rule is a reference to billionaire investor Warren Buffett’s New York Times op-ed piece, in which he called on Congress to raise taxes on those who earn more than $1 million. “In this country,” Obama said, “we don’t begrudge anyone wealth or success—we encourage it. We celebrate it. but America is better off when everyone has had the chance to get ahead—not just those at the top of the income scale.” Referencing Millionaire’s Corner survey regarding the Buffett rule, he said “These are the same folks who have seen their income go up so much, and I believe this is a contribution they’re willing to make.” Timemagazine also cited Millionaire Corner’s findings in a piece about support for higher taxes on the rich.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.