FILE – In this March 1, 2013, file photo President Barack Obama talks to reporters in the White House briefing room in Washington after his meeting with congressional leaders about the automatic spending cuts. Obama and Democratic leaders in Congress say the wealthy must pay their fair share if the federal government is ever going to fix its finances and reduce the budget deficit to a manageable level. A new analysis the Congressional Budget Office (CBO), however, shows that average tax bills for high-income families have rarely been higher since the CBO began tracking the data in 1979, and that middle- and low-income families aren’t paying as much as they used to. (AP Photo/Pablo Martinez Monsivais, File)

Associated Press
FILE – In this March 1, 2013, file photo President Barack Obama talks to reporters in the White House briefing room in Washington after his meeting with congressional leaders about the automatic spending cuts. Obama and Democratic leaders in Congress say the wealthy must pay their fair share if the federal government is ever going to fix its finances and reduce the budget deficit to a manageable level. A new analysis the Congressional Budget Office (CBO), however, shows that average tax bills for high-income families have rarely been higher since the CBO began tracking the data in 1979, and that middle- and low-income families aren’t paying as much as they used to. (AP Photo/Pablo Martinez Monsivais, File)
FILE – In this March 1, 2013, file photo President Barack Obama talks to reporters in the White House briefing room in Washington after his meeting with congressional leaders about the automatic spending cuts. Obama and Democratic leaders in Congress say the wealthy must pay their fair share if the federal government is ever going to fix its finances and reduce the budget deficit to a manageable level. A new analysis the Congressional Budget Office (CBO), however, shows that average tax bills for high-income families have rarely been higher since the CBO began tracking the data in 1979, and that middle- and low-income families aren’t paying as much as they used to. (AP Photo/Pablo Martinez Monsivais, File)
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