(POLITICO) Washington – A closer look at the words of President Obama’s third State of the Union address shows that he had some big targets in mind — both in Congress and on the presidential campaign trail. Here’s a look at what he said and what he meant.
What he said: We need to change our tax code so that people like me, and an awful lot of members of Congress, pay our fair share of taxes. Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes.
What he meant: Here’s looking at you, Mitt.