CLEAN: Obama: Rich must pay fair share of deficit cuts

The transcript discusses the need for tax reform to ensure that wealthy individuals and corporations pay their fair share, rather than placing the burden on ordinary Americans. It highlights the unfairness of current tax rates where middle-income earners pay higher rates than the wealthy. The speaker rejects the notion that asking the wealthy to pay more is class warfare. Additionally, the American JOBS Act is introduced as a plan to create jobs for teachers, construction workers, veterans, and the unemployed, emphasizing the importance of doing what is right for the economy.

What choice does the speaker suggest we have to make regarding education and medical research?

• Cut funding for both sectors

• Ignore the issue entirely

• Reform the tax code or cut funding

• Increase funding for both sectors

According to the speaker, who should not bear the entire burden of closing the deficit?

• Wealthy individuals

• Ordinary Americans

• Corporations

• Foreign investors

What example does the speaker use to highlight the unfairness in the tax system?

• A teacher paying more than a doctor

• A plumber paying more than a hedge fund manager

• A nurse paying more than a lawyer

• Warren Buffett's secretary paying more than Warren Buffett

What is the main goal of the American JOBS Act as introduced by the speaker?

• To increase military spending

• To create new jobs for various sectors

• To reduce taxes for corporations

• To cut social security benefits

Who are the primary beneficiaries of the American JOBS Act according to the speaker?

• Teachers, construction workers, veterans, and the unemployed

• Bankers and investors

• Tech industry professionals

• Politicians and lobbyists