The president makes the case for the Buffett Rule:
In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy. Do you think the millionaire ought to pay more in taxes than the bus driver or less?
What did you expect from the Class Warrior In Chief?
Oh, did I mention that the president quoted was Ronald Reagan?