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Obama says wealthy should pay more in taxes, tax code should make everyone pay fair share

WASHINGTON — President Barack Obama says all Americans should pay their fair share in taxes, and he argues that most wealthy Americans and CEOs would be willing to do just that if it helps the economy grow and gets the country’s fiscal house in order.

The president says that to help pay for his new jobs plan, he wants to eliminate loopholes for oil companies and tax breaks for millionaires and billionaires and use that money to give tax breaks to small-business owners and put teachers back to work.

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