President Obama Proposes Tax Increase for the Wealthy, Rejects Republican "Class Warfare" Rhetoric

September 19, 2011
Whenever anyone suggests that taxes should be increased for millionaires, billionaires, and corporations, the Republicans roll out their focus group tested line about class warfare. It's not class warfare to ask those who have benefited the most from American society to pay their far share to support it.

"I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare."

Read the transcript HERE.