Obama said he would raise the issue again the next time the Bush tax cuts expire - which happens to be 2012, a re-election year.
That effort begins early, with Wednesday's speech.
In his string of Sunday show appearances, senior White House adviser David Plouffe said Americans won't go for budget plans that place burdens on the middle class while asking nothing of people who make more than $200,000 a year.
"The president's belief is this has to be a balanced approach," Plouffe said on Fox News Sunday. "And if we do that, we can get deficit reduction in the country."
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