Drawing clear battle lines for next year’s elections, a combative President Barack Obama on Monday demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion. He promised to veto any effort by congressional Republicans to cut Medicare benefits for the elderly without raising taxes as well.

Quoted from Tax the rich, Obama says; class warfare, says GOP on Yahoo! News – Latest News & Headlines

President Obama outlines his tax plan in the East Room of the White House, July 9, 2012. His new taxes would harm the middle class without touching the national debt. President Barack Obama revealed his 2013 budget early Monday, and in a brief address managed to summarize his plan in just three little words: tax the rich. When people refer to President 's cuts, y generally refer to $858 billion cut deal signed in 2010. It extended Bush cuts through 2012 and unemployment benefits through 2011. President Obama: Tax the Rich This video is unavailable. Watch Queue Queue. Watch Queue Queue Tags: president, obama, rich, [Listen to “ Argument” podcast every Thursday morning, with Ross Douthat, Michelle Goldberg and David Leonhardt.] As president, followed through. US President Barack unveiled a $4 trillion deficit reduction drive and savaged Republican plans that he said would reward rich and fracture America's social compact. news yahoo com rich says class warfare says gop 213322999 html Why shouldnt Rich pay es at same rate as Middle Class W

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