Obama's Bogus Case For Tax Fairness

In his State of the Union speech Tuesday night President Obama played the fairness card in calling for higher taxes on upper-income people. He said:

[W]e 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. [Emphasis added.]