U.S. President Barack Obama will announce more plans Monday to reduce the government budget deficit, including a proposal for a minimum tax rate for individuals earning more than $1 million a year.

Media reports are calling the plan the “Buffett Rule,” named after billionaire investor Warren Buffett, who has pointed out that he and other super-rich Americans pay lower effective tax rates than middle-income workers.

The president is making the proposal after announcing a $447 billion job-creation plan designed to reduce the 9.1 percent unemployment rate.

Both proposals are facing an uphill struggle in Congress.  The Republican Party, which control the House of Representatives, remains opposed to any tax increases.  House Speaker John Boehner has suggested instead a broad overhaul of the U.S. tax code and cuts in government entitlement programs, such as Social Security and Medicare.

Other Republican leaders say the so-called Buffett Rule will diminish corporate investment and limit growth in a struggling U.S. economy.

The president’s efforts come amid a increasing charged partisan atmosphere, with the general election 14 months away, and as a special Congressional committee begins work on finding ways to reduce the budget deficit by as much as $1.5 trillion.

Public approval ratings for both President Obama and Congress have been plummeting, adding increasing pressure for both sides to reach agreement on ways the revive the economy and reduce the deficit.