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President Obama’s latest deficit-reduction proposal, an increased tax rate on millionaires that he dubbed the “Buffett rule,” looks dead on arrival with the Republican caucus. On Fox News Sunday, top House GOP member Paul Ryan called the new plan “class warfare,” and said the president is manipulating Americans’ “fear, envy, and anxiety.” Ryan’s stance is that taxing job creators will lead to less job creation. Obama, though, says he pitched the idea, which would be in addition to his $447-billion jobs bill, to make sure that millionaires are paying the same rate as middle-class families.