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republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president is asking for balance, for shared sacrifice. he's asking for everybody to contribute and getting our long-term defici...

taxes on the wealthy. >> i will not support any plan that butts the burden on ordinary americans. i will veto any bill that does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. this is not class warfare. it's math. >> this is not class warfare, reference to the opposition he's getting from republicans who are saying it is just that, class warfare. they're calling the president's tax proposal a cheap political gimmick. pure political play, they say, hayes runs for re-election and works to get more support from middle class...

he plans to cut and veto any legislation that cuts medicaid and medicare that doesn't raise taxes on the wealthy. >> i will not support any plan that butts the burden on ordinary americans. i will veto any bill that does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. this is not class warfare. it's math. >> this is not class warfare, reference to the opposition he's getting from republicans who are saying it is just that, class warfare. they're calling the president's tax proposal a cheap political gimmick. pure politica...

the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president is asking for balance, for shared sacrifice. he's asking for everybody to contribute and get...

a billionaire who famously lives modestly in omaha, nebraska. they argues the richest americans aren't being taxed enough. he says he pays a lower rate than his secretary. he wrote about it in an op-ed in "the new york times" called "stop coddling the rich." he plans to cut and veto any legislation that cuts medicaid and medicare that doesn't raise taxes on the wealthy. >> i will not support any plan that butts the burden on ordinary americans. i will veto any bill that does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share....