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>> shannon: president obama plans to roll out a new tax plan tomorrow. but, it is bound to meet stiff opposition from republicans in congress. the president is targeting those earn more than a million dollars a year, because of one of the richest men in the world, warren buffet. peter doocy is live with more. >> reporter: the president wants millionaires and the middle class to pay uncle sam the same percentage of their earnings. republicans are saying today that is not the right way to raise revenues. >> what it does, it adds further instability to our system, more uncertainty and p...
earnings. republicans are saying today that is not the right way to raise revenues. >> what it does, it adds further instability to our system, more uncertainty and punishes job creation and those people who create jobs. class warfare may make for good politics. but it makes for rotten economics. >> reporter: the president speaks tomorrow, he won't give specifics about the exact new rate he wants or how much it could bring. a look back shows he thinks 5.4% is fair that's the millionaire's surtax he pro -- he proposeed in '09. that didn't fly now he's trotting out his buddy warren buf...