From CNN's Carol Costello:
President Obama released his long-awaited debt reduction plan Monday, outlining a roughly $3 trillion saving blueprint that includes $1.5 trillion in new revenue generated largely by higher taxes on the wealthiest Americans.
Top congressional Republicans immediately criticized the proposal as class warfare, arguing that Obama was wielding his "bully pulpit" to pit the rich against the poor.
In a speech to the nation, the president dismissed these accusations, arguing that taxing millionaires more is not class warfare - it's math.
"I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare," Obama said. "It's just the right thing to do."
Talk Back: Is a higher tax on millionaires class warfare?
Let us know what you think. Your answer may be read on this morning's broadcast.