Tax the rich, Obama says; class warfare, says GOP


Drawing clear battle lines for next year's elections, a aggressive President Barack Obama on Monday demand that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion he promise to veto any effort by congressional Republicans to cut Medicare reimbursement for the elderly without raising taxes as well.

"This is not class warfare it's math," Obama declared, anticipate Republican criticism, which was quick in coming "Class conflict isn't leadership," House Speaker John Boehner said, in Cincinnati.

Obama's speech marked a new, challenging stance toward Republicans after months of cooperation that many Democrats complain produced too many concessions even as the plan stands little possibility of passing Congress, its populist pitch is one that the White House believes the public can support.

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