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Statement from the President on the Senate Deal to Extend Middle Class Tax Cuts
Statement from the President on the Senate Deal to Extend Middle Class Tax Cuts
Leaders from both parties in the Senate came together to reach an agreement that passed with overwhelming bipartisan support today that protects 98 percent of Americans and 97 percent of small business owners from a middle class tax hike. While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay.
This agreement will also grow the economy and shrink our deficits in a balanced way – by investing in our middle class, and by asking the wealthy to pay a little more.
What’s more, today’s agreement builds on previous efforts to reduce our deficits. Last year, I worked with Democrats and Republicans to cut spending by more than $1 trillion. Tonight’s agreement does even more by asking millionaires and billionaires to begin to pay their fair share for the first time in twenty years. As promised, that increase will be immediate, and it will be permanent.
There’s more work to do to reduce our deficits, and I’m willing to do it. But 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. And as we address our ongoing fiscal challenges, I will continue to fight every day on behalf of the middle class and all those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down.
End statement.
Now we await the House. Can Boehner get the votes?
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6 Responses to Statement from the President on the Senate Deal to Extend Middle Class Tax Cuts
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djchefron
Jan. 1st, 2013 at 1:50 pm
You kidding about can orange julius put a straight jacket on the loons long enough so they do the right thing?
Montag
Jan. 1st, 2013 at 3:42 pm
I think Obama has really done something amazing here.
If the house vote for it then the effect is of giving the moderate republicans a chance to use their voice, which weakens the baggers, who are already in a difficult place.
If they are stupid enough to vote against it then the amount of blame will be intense, again weakening the baggers.
The mistake is believing the republicans are a homogenous unit. I believe there are plenty in there who are inherently reasonable but browbeaten by the RWNJs. This could help release them
djchefron
Jan. 1st, 2013 at 4:50 pm
Well I believe we an answer if the American Taliban was going to jump on board.According to sources Eric “the quisling “Cantor said nyet.
House GOP skeptical of bipartisan fiscal deal
maddowblog.msnbc.com/_new...
In other news,this is serious
Why the price of Buffalo wings has spiked 52 percent in 2012
www.rawstory.com/rs/2012/...
Deborah Stuart
Jan. 1st, 2013 at 8:50 pm
Question:
Since the Senate passed it by a majority, and the Republicans are being so stubborn, why can’t the President sign it without the repubs? He did get 40 Repub votes last night!
djchefron
Jan. 1st, 2013 at 10:38 pm
All spending bill according to the constitution must originate in the house.What the orange one did when he kicked it up to the senate was not only cowardly it might be unconstitutional.
djchefron
Jan. 1st, 2013 at 10:49 pm
Correction.I said spending .Its all bills.The senates job is to act like grown ups to put a brake on whatever looniest the house proposed.Then it sends the amended bill back to the house to be voted on.If passed then it goes to the President.
I’m Just a Bill
www.youtube.com/watch?v=H...