Rep. Van Hollen: Tax code 'disproportionately' benefits wealthy

Rep. Chris Van Hollen (D-Md.) defended President Obama's proposal to raise taxes on the wealthy as part of a $3 trillion deficit-reduction plan.

Obama called for $1.5 trillion in higher taxes for the rich and promised to institute the “Buffett rule,” which says the wealthy, like billionaire investor Warren Buffett, should not pay a lower tax rate than the middle class.

"I think people who get special breaks, special tax preferences are not paying their fair share. They're not sharing the responsibility in trying to address the challenges that our country faces," Van Hollen said Monday on Fox News's "On the Record with Greta Van Susteren." 

Van Hollen touted Obama's proposal for eliminating special tax breaks that he said have “disproportionately” benefited the wealthy.

He also praised Obama's jobs proposal for investment in infrastructure and extending cuts to the payroll tax.

"When you've got 14 percent unemployment in the construction industry and you have bridges and roads and schools in this country that are needing repair and modernization, It's a no-brainer to say we should be investing in infrastructure. I think it's a no-brainer when people are hurting that you would extend and expand the payroll tax," Van Hollen said.