Obama unveiled his plan to increase taxes on wealthy individuals and deal with loop holes so that wealthy individuals can "...pay their fair share." with his plan Obama predicts that we'll have a deficit of under1 trillion dollars in 2017. He is however short of his goal to halve the deficit in 2013. The tax debate also plays to Obama's favor as republican candidate Mitt Romney is a very wealthy man paying a very small tax on his money. However if unemployment rates don't continue to go down he will be put on the defensive since he's trying to not define the 2012 election as a referendum on his record and instead wants to focus on the fact that the election is "..a choice between his priorities and those of Republicans."