President Barack Obama is demanding yet more tax increases, shortly after using his clout to win Senate approval of $620 billion in new taxes over the next 10 years.

“Tonight’s agreement ensures that, going forward, we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest Americans,” he said in a 2:30 a.m. “victory” statement, following the Senate vote in the wee hours of New Year’s Day.