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WASHINGTON (AP) — Drawing clear battle lines for next year's elections, a combative President Barack Obama on Monday demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion. He promised to veto any effort by congressional Republicans to cut Medicare benefits for the elderly without raising taxes as well.
"This is not class warfare. It's math," Obama declared, anticipating Republican criticism, which was quick in coming.
"Class warfare isn't leadership," House Speaker John Boehner said, in Cincinnati.
