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December 3, 2022

President Obama Would Like Those Critical of His Deficit Reduction Plan To Get a Nerdier Argument

By now, you’re probably heard about President Obama’s new plan for reducing our nation’s deficit. It involves raising taxes on the wealthiest of citizens including this new thing called the “Buffett Rule” which would force anyone making $1 million a year to pay a tax rate that is at least as high as the one paid by middle-income taxpayers. Predictably, Republicans have not warmed to the idea and are reacting on cue. Congressman Paul Ryan (WI) got feisty, saying the Buffett Rule was an example of “class warfare.”

The President, not always thrilled with criticism, sees it as slightly more complicated than that:

“This is not class warfare — it’s math,” Mr. Obama said from the White House Rose Garden, addressing GOP critiques of his plan head on.

Yeah Paul Ryan, Mr. Chairman of the House Budget Committee. If you’re not willing to get all nerdy about it, the President doesn’t want to hear it. Come back when you’ve got a blackboard filled with equations.

Obama: “This is not class warfare — It’s math” [CBS]

By now, you’re probably heard about President Obama’s new plan for reducing our nation’s deficit. It involves raising taxes on the wealthiest of citizens including this new thing called the “Buffett Rule” which would force anyone making $1 million a year to pay a tax rate that is at least as high as the one paid by middle-income taxpayers. Predictably, Republicans have not warmed to the idea and are reacting on cue. Congressman Paul Ryan (WI) got feisty, saying the Buffett Rule was an example of “class warfare.”

The President, not always thrilled with criticism, sees it as slightly more complicated than that:

“This is not class warfare — it’s math,” Mr. Obama said from the White House Rose Garden, addressing GOP critiques of his plan head on.

Yeah Paul Ryan, Mr. Chairman of the House Budget Committee. If you’re not willing to get all nerdy about it, the President doesn’t want to hear it. Come back when you’ve got a blackboard filled with equations.

Obama: “This is not class warfare — It’s math” [CBS]

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