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Political Checklist: Obama Unveils Deficit-Reduction Plan GOP Calls 'Class Warfare'

President Obama on Monday unveiled his new recommendations to the Joint Select Committee on deficit reduction -- a $3 trillion, 10-year package that would increase taxes on the wealthy and make some changes to entitlement programs. President Obama also said he would veto any plan that comes from the committee, also known as the super committee, that does not include tax increases as part of the deficit-reduction formula. Gwen Ifill and David Chalian sort out the politics behind what is likely to be among the major campaign issues in 2012: jobs, spending and the economy. Gwen and David also take a look at Florida's importance in the GOP primary as well as the general election. The Republican candidates will face off in another debate this week in Orlando.
Length: 07:50

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