Obama Says Rich People Can Afford Tax Hike

The Washington Times reports:

President Obama told Californians during a campaign-style town hall meeting on Wednesday that rich people can afford to pay higher taxes in selling his budget plan as an investment in the nation's future.

Mr. Obama pushed back on people who say he is overtaxing the nation, saying his tax increases on families earning $250,000 or more a year are reverting to the tax system under former President Bill Clinton. The president added he will pay higher taxes himself as a result.

"These folks can afford it. They were rich back in the '90s," he said. "It's not like suddenly they're going to have to go to the poorhouse. But what that does is it allows us to pay for health care reform for a lot of people."

There you have it,Obama could care less that California is raising all sorts of state taxes.