AOL.com Video - Obama's Cut and Tax Deficit Plan

VIDEO:News

Obama's Cut and Tax Deficit Plan

Description:Barack Obama's got a plan for bringing down the Federal deficit over the next 10 years by $3 trillion. It involves big cuts in spending and a tax hikes for millionaires and the top 5% of America's families. But Republicans have already said no way to any tax hikes and labelled the whole thing "class warfare". Obama will need to relabel it "populism" if he's going to win this one. (1:03)

Source: Buzz60

Tags: Obama's Cut and Tax Deficit Plan , buzz60 , class warfare , Economic Crisis