"Anybody who says we can’t change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. They should have to defend that unfairness,” he added. “If their pledge [is] to keep that kind of unfairness in place, they should remember the last time I checked, the only pledge that really matters is the pledge we make to uphold the Constitution.”
“We’re already hearing the usual defenders of these kind of loopholes saying this is just class warfare. I reject the idea that asking a hedge fund manager to pay the same tax rate at a plumber or teacher is class warfare. I think it’s just the the right thing to do."
About damn time, Mr. President, about damn time! Keep it up! Exciting times...scary, but maybe a little bit hopeful too!
Obama has also echoed Elizabeth Warren's statements (referenced in my previous post)
What’s great about this country is that any of these young people here, if they’ve got a good idea, if they go out there and they’re willing to work hard, they can start a business, they can create value, great products, great services. They can make millions, make billions. That’s great. That’s what America is all about. Anybody can make it if they try.
But what’s also a quintessentially American idea is that those of us who’ve done well should pay our fair share to contribute to the upkeep of the nation that made our success possible -- (applause) -- because nobody -- nobody did well on their own. A teacher somewhere helped to give you the skills to succeed. (Applause.)
Firefighters and police officers are protecting your property. You’re moving your goods and products and services on roads that somebody built. That’s how we all do well together. We got here because somebody else invested in us, and we’ve got to make sure this generation of students can go to college on student aid or scholarships like I did. We’ve got to make sure that we keep investing in the kind of government research that helped to create the Internet, which countless private sector companies then used to create tens of millions of jobs.