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Edition: U.S. Article Comments (2) Follow Reuters Facebook Twitter RSS YouTube Read Threats against Web sensation Rebecca Black probed 19 Apr 2011 Thousands show up to apply for fast-food "McJobs" 19 Apr 2011 Fox to punish leaks after "Glee" spoiler 19 Apr 2011 U.N. says 20 children killed in Misrata | 19 Apr 2011 Apple to begin shipping new iPhone in September 2:19am EDT Discussed 96 Palin returns with feisty, anti-establishment speech 74 UPDATE 1-Geithner says Congress will pass debt limit increase 50 Senate panel slams Goldman in scathing crisis report Watched VW unveils new sporty Beetle Mon, Apr 18 2011 Cupless bra combats cleavage crinkle Fri, Apr 15 2011 German scientists develop thought-controlled car Tue, Apr 19 2011 SMALL BUSINESS Patent battle hits Supreme Court A small Canadian firm's record $290-million patent victory over software giant Microsoft rests in the hands of the Supreme Court. Down to its final appeal, Microsoft argued a lower standard should be used, which could make some patents more vulnerable to legal challenge. Full Article | Video Microsoft-i4i fight has big patent implications A decade later i4i's battle with Microsoft nears finale Obama takes tax plan to Facebook billionaires Tweet Share this By Peter Henderson SAN FRANCISCO (Reuters) - President Barack Obama may face a tough audience when he brings his tax-hike-for- billionaires message to Facebook on Wednesday -- Silicon Valley is full of the sort of people the president wants to pay... Email Print Related News Obama backs lifting income cap for Social Security Tue, Apr 19 2011 Obama defends U.S. deficit plan, sees common ground Tue, Apr 19 2011 Obama takes tax plan to Facebook billionaires Tue, Apr 19 2011 Geithner says "no risk" U.S. will lose AAA rating Tue, Apr 19 2011 Royal Wedding to be streamed live on internet Tue, Apr 19 2011 Analysis & Opinion The U.S.â€™s big, fat political debt problem China’s hot Facebook clone will cool down Related Topics Politics » Technology » Media » Facebook » President Barack Obama answers questions from the audience at a town hall at Northern Virginia Community College, Annandale Campus in Annandale, Virginia, April 19, 2011. Credit: Reuters/Jim Young By Peter Henderson SAN FRANCISCO | Wed Apr 20, 2011 1:39am EDT SAN FRANCISCO (Reuters) - President Barack Obama may face a tough audience when he brings his tax-hike-for- billionaires message to Facebook on Wednesday -- Silicon Valley is full of the sort of people the president wants to pay more taxes. National debt is a major concern, particularly after the ratings agency Standard & Poor's threatened to downgrade the U.S. credit rating, and Obama has set a goal of cutting the deficit by $4 trillion within 12 years or less. Obama now plans to tour the nation to tout his plan, which includes ending tax cuts for those making more than $250,000 a year. "Everybody has to do their part," Obama told Virginia students on Tuesday. "If we're asking people who are going to see potentially fewer services in their neighborhoods to make a little sacrifice, then we can ask millionaires and billionaires to make a little sacrifice," he said. He will get to make that pitch to the 19th wealthiest person in the United States, Facebook CEO Mark Zuckerberg, who is worth a cool $13.5 billion, Forbes calculates. Obama will host a Webcast meeting on the economy from Facebook headquarters on Wednesday afternoon. The Silicon Valley economy is recovering from the recession, adding more than 12,000 jobs last year, according to Joint Venture: Silicon Valley. The top shops are in a fight for top talent, as well, say recruiters. Facebook, a social networking site, is in a bidding war for talent with the likes of Google and Twitter. "The war is still very, very hot and very, very hard," said Al Delattre, global managing director for the technology industry at executive placement group Korn/Ferry. As companies make the move to mobile and social networking, competition for senior executives has ratcheted up. People at the top of the tech pyramid work very hard, argues David Nosal, who runs his own recruiting firm in San Francisco. The government has plenty of other options in addition to taxing the rich, he said. "Let's put performance metrics into the government system," he said, and do the same to improve education and save money. "I think (Obama) ... should get a bit of that from the people he's going to meet with in the Valley." Reuters will have a live stream of the 4:45 pm ET event and a live blog here (Reporting by Peter Henderson and Alexei Oreskovic; editing by Todd Eastham) Politics Technology Media Facebook Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (2) gruven137 wrote: Hey Zuckerberg, bail us out… you can certainly afford it!! Apr 19, 2011 10:27pm EDT -- Report as abuse GSH10 wrote: I would be much more impressed if he asked Silicon Valley’s top execs for financial advice instead of money. Apr 19, 2011 11:58pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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