In a blunt rejoinder to congressional Republicans, President Barack Obama called for 1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than 3 trillion dollars. He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise taxes on the wealthy and big corporations. / Responding to a complaint from Republicans about his proposed tax on the wealthy, Obama added: "This is not class warfare. It's math."
Indeed - every detail of the tax code was instigated by congress, at the behest of large corporations. Hence the numerous loopholes to facilitate tax avoidance. Their faux anger at Apple is just bluster to hide this fact!!! Corporations run the US, not Congress!
At one point Reagan taxed the rich at 70% but then lowered it to 50%. Nixon taxed the rich at 70%. Eisenhower, 91%! RIght now we tax the rich at 16%, the lowest the rich have paid since 1925! And Obama wants to make the rich pay...get ready for this....39%!!!!! I don't think Obama is being unreasonable and I'm not really concerned about the top 1% not being able to buy that extra jet.