The mainstream media gets it? From a Politico column entitled ‘Eat the Rich’:

“This is not class warfare,” the president promised. “It’s math.”

Well, sort of. Though the rich do benefit enormously, the poor and middle class benefit from the current Tax Code, too. About half the households in America pay no income taxes at all, because the Tax Code says they don’t make enough. And middle-class taxpayers get a large break by being able to deduct their home mortgage interest. (Want a true third-rail in American politics? Try suggesting the elimination of that last one. Obama didn’t on Monday.)

In truth, the Tax Code gives too many breaks to too many people.

“All told, federal taxpayers last year received $1.08 trillion in credits, deductions and other perks while paying $1.09 trillion in income taxes, according to government estimates,” wrote Lori Montgomery in The Washington Post on Sunday. “Only about 8 percent of those benefits went to corporations. … The bulk went to private households, primarily upper middle-class families that Obama has vowed to protect from new taxes.”

Oh, well, so what? Willie Sutton robbed banks because that’s where the money was. And Barack Obama will protect the middle class because that’s where his votes are.

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