Manuel Balce Ceneta, Associated Press
Vice President Joe Biden hosts a Cabinet meeting to discuss the latest efforts to cut waste, fraud, and abuse as part of the administration's campaign to cut waste, Tuesday, Dec. 13, 2011, in the Eisenhower Executive Office Building on the White House campus in Washington. (AP Photo/Manuel Balce Ceneta)

COUNCIL BLUFFS, Iowa — Vice President Joe Biden told supporters Thursday that the Obama administration plans to raise taxes by $1 trillion in order to shift liability to wealthy Americans.

"My heart breaks, come on man. You know the phrase they always use? Obama and Biden want to raise taxes by a trillion dollars. Guess what? Yes, we do, in one regard. We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super wealthy," he said during the meeting.

Vice Presidential Candidate Paul Ryan was quick to respond to Biden’s remarks.

"What we don’t need is a trillion-dollar tax increase," Ryan told Fox News. "What we don’t need is a tax increase on our successful job creators that will cost us 700,000 jobs in just two years."

Ryan Williams, one of Mitt Romney’s spokesmen, added his thoughts to the vice president’s comment.

“Fresh off admitting that America's middle class has been 'buried' over the last four years, Vice President Biden went a step further today and fully embraced the president's job-killing tax increases. The choice facing Americans in this election gets clearer every day," Williams told Fox News.


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