Obama takes tax plan to Facebook billionaires (Reuters)

Tuesday, April 19, 2011 6:01 PM By dwi

SAN FRANCISCO (Reuters) – President Barack Obama haw face a thickened conference when he brings his tax-hike-for- billionaires communication to Facebook on weekday -- Silicon Valley is full of the variety of grouping the president wants to clear more taxes.

National debt is a field concern, particularly after the ratings agency Standard & Poor's threatened to downgrade the U.S. assign rating, and Obama has set a content of cutting the inadequacy by $4 1E+12 within 12 eld or less.

Obama today plans to tour the commonwealth to advertizer his plan, which includes ending set cuts for those making more than $250,000 a year. "Everybody has to do their part," Obama told Colony students on Tuesday.

"If we're asking grouping who are feat to see potentially less services in their neighborhoods to attain a lowercase sacrifice, then we can communicate millionaires and billionaires to attain a lowercase sacrifice," he said.

He will intend to attain that pitch to the 19th wealthiest person in the United States, Facebook CEO Mark Zuckerberg, who is worth a modify $13.5 billion, Forbes calculates.

Obama will host a Webcast gathering on the economy from Facebook office on weekday afternoon.

The Silicon Valley economy is sick from the recession, adding more than 12,000 jobs last year, according to Joint Venture: Silicon Valley. The crowning shops are in a fight for crowning talent, as well, feature recruiters.

Facebook, a ethnic networking site, is in a bidding struggle for talent with the likes of Google and Twitter.

"The struggle is ease very, rattling hot and very, rattling hard," said Al Delattre, orbicular managing administrator for the profession business at chief placement group Korn/Ferry. As companies attain the advise to ambulatory and ethnic networking, rivalry for grownup executives has ratcheted up.

People at the crowning of the school pyramid work rattling hard, argues king Nosal, who runs his own recruiting firm in San Francisco. The polity has plentitude of another options in addition to taxing the rich, he said.

"Let's put performance poetics into the polity system," he said, and do the aforementioned to meliorate activity and save money. "I think (Obama) ... should intend a taste of that from the grouping he's feat to meet with in the Valley."

Reuters will hit a springy course of the 4:45 pm ET event and a springy blog at http://live.reuters.com/Event/President_Obamas_Town_Hall_at_Facebook.

(Reporting by saint Henderson and Alexei Oreskovic; redaction by Todd Eastham)


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