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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....

trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on 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...

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