Obama: Paying the 'max tax' is 'something that I insist upon'

Obama: Paying the 'max tax' is 'something that I insist upon'
© Getty Images

Former President Obama said Thursday at a corporate summit that he can empathize with Americans who have to pay a high tax rate, but that it's something he recognizes benefits the country.

NBC News reported that Obama chided critics of his administration's tax policies during the Qualtrics X4 Experience Management Summit in Salt Lake City, telling attendees that he "pays the max tax."

Obama said that because his tax returns were public during his presidency, he wouldn't be able to take advantage of any loopholes. He added that he's happy to contribute, however, because of what the country has given him.

ADVERTISEMENT

"I don't enjoy writing big checks to the Treasury Department any more than you do. But I have been so blessed by this country," he said.

"For me to be able to pay my fair share of sustaining this amazing nation so kids coming up behind me are going to have the same opportunities that I do, is something that I insist upon," he added.

Obama's comments come amid the first tax season to take place under the GOP-crafted tax legislation that was signed into law in late 2017. 

The tax law made a number of changes to the IRS code, including lower rates, a larger standard deduction, an expansion of the child tax credit and curbs to certain itemized deductions.

Democrats have criticized the law for giving tax breaks to the wealthiest Americans and corporations.

Party member have also chastised President TrumpDonald John TrumpPelosi arrives in Jordan with bipartisan congressional delegation Trump says his Doral resort will no longer host G-7 after backlash CNN's Anderson Cooper mocks WH press secretary over Fox News interview MORE over his refusal to release his tax returns during the 2016 campaign or since taking office. Trump's decision breaks with decades of precedent.