The math is the math. You can’t lower current (tax) rates and raise revenue unless you’re getting revenue from someplace else. Now, either it’s coming from middle-class families, or poor families, or it’s coming from folks like you and me that can afford to pay a little more.
…You can’t get away from the basic concept that either we have a system in which the people who have benefited the most from this new economy by a magnitude of 200, 300 percent increases in their income — either they’re doing a little bit more, or they’re not.
I think they should. And this is not because I’m interested in punishing the rich. I want everybody to be rich! That’s great! It has to do with the fact that the less I’m asking you or me to do, the more I’m asking somebody who’s in a much tougher position to sacrifice.” —President BARACK OBAMA, responding to Republican charges that he is “fixated” on “raising the tax rates for the wealthiest Americans,” on 60 Minutes.