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 is the significance of Warren Buffett's secretary in the context of tax rates?

What is the purpose of the American JOBS Act mentioned by the speaker?