A more simplified solution would be the following. The first line of css sets the text color (fill), the second line sets the font properties for the text element and the third line targets the rectangle id (logo) to set the fill.
.logo svg {
fill: #ff0000;
}
.logo svg text {
font-size: 45px;
font-face:Arial,Helvetica;
font-weight:bold
}
#logo {
fill:#eee;
}