From Fox News: For everyone who claims the Obama administration wants a $1 trillion tax hike, Joe Biden has a message: Yes, we do.
The vice president was referring Thursday to the Democrats' pledge to
let the Bush-era tax cuts on the country's top 2 percent of earners
expire at the end of the year, while maintaining current rates for other
Americans. Republicans have called for maintaining the current rates
for all Americans.
The call for a tax hike on top earners was hardly new, but Biden's
characteristic bluntness gave Republicans fresh fodder to criticize the
Democratic ticket just days after the vice president said the middle
class has been buried during the past four years.
"On top of the trillions of dollars in spending that we have already
cut, we're going to ask the wealthy to pay more. My heart breaks. Come
on man," Biden said, during a stop in the battleground state of Iowa.
Biden said Romney and other Republicans often say "'Obama and Biden
want to raise taxes by a trillion dollars.' Guess what? Yes, we do in
one regard: We want to let that trillion dollar tax cut expire so the
middle class doesn't have to bear the burden of all that money going to
the super-wealthy. That's not a tax raise. That's called fairness where I
come from."
Sunrise — 6:48.
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