Obama takes tax plan to Facebook billionaires (Reuters)

Tuesday, April 19, 2011 11:01 PM By dwi

SAN FRANCISCO (Reuters) – President Barack Obama may grappling a tough conference when he brings his tax-hike-for- billionaires message to Facebook on weekday -- Silicon Valley is full of the sort of grouping the president wants to pay more taxes.

National debt is a field concern, particularly after the ratings agency Standard & Poor's threatened to downgrade the U.S. credit rating, and Obama has ordered a content of cutting the deficit by $4 trillion within 12 years or less.

Obama today plans to journeying the commonwealth to tout his plan, which includes success 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 fewer services in their neighborhoods to attain a lowercase sacrifice, then we crapper ask millionaires and billionaires to attain a lowercase sacrifice," he said.

He will intend to attain that pitch to the 19th wealthiest mortal in the United States, Facebook CEO Mark Zuckerberg, who is worth a cool $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 recovering from the recession, adding more than 12,000 jobs terminal year, according to Joint Venture: Silicon Valley. The crowning shops are in a fisticuffs 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 still very, rattling blistering and very, rattling hard," said Al Delattre, orbicular managing director for the profession business at executive positioning group Korn/Ferry. As companies attain the advise to mobile and ethnic networking, rivalry for senior executives has ratcheted up.

People at the crowning of the tech pyramid work rattling hard, argues David Nosal, who runs his possess recruiting concern in San Francisco. The polity has plentitude of another options in constituent to taxing the rich, he said.

"Let's put performance metrics into the polity system," he said, and do the same to improve education and save money. "I think (Obama) ... should intend a bit of that from the grouping he's feat to meet with in the Valley."

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

(Reporting by saint Henderson and Alexei Oreskovic; editing by character Eastham)


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