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Obama: Voters support my plan to raise taxes on wealthy

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Obama has called for a balance of tax increases and spending cuts to slash the deficit, but he offered no specifics on spending reductions other than to say he thinks the United States needs to take a “serious look” at entitlements, noting that health care costs represent the “biggest driver of our deficits.”

He left the lectern after cutting off a reporter who asked a question about how he’d cut $1.2 trillion in spending.

“That was a great question, but it would be a horrible precedent for me to answer your question just because you yelled it out,” he said.

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