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Transcripts For CNNW CNN Newsroom 20110919



explained his plan today. we have to prioritize. both parties agree that we need to reduce the deficit by the same amount, $4 trillion. so what choices are we going to make to reach that goal? either we ask the wealthiest americans to pay their fair share in taxes railroor ask seno pay more for medicare. we can t afford to do both. either we gut education and medical research or we ve got to reform the tax code so that the most profitable corporations have to give up tax loophole that s other companies don t get. we can t afford to do both. this is not class warfare. it s math. so let s take it this a step further. let me explain his reference to class warfare. a lot of top republicans say that s what the president is, they say that asking the wealthiest americans to pay more taxes is just simply unfair. and they reject any tax increase saying it it s bad for our fragile economy. the president sent his treasury secretary out to sell his plan. the first question he f ....

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