President Barack Obama said in his weekly address on Saturday urged House Republicans to extend the middle class income tax cuts for 98% of Americans and 97% of small businesses without delay, and made clear that a balanced approach to deficit reduction means that they -- and we all know this means John Boehner -- must agree to ask the wealthiest Americans to pay higher tax rates.
The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have "put forward an unbalanced plan that actually lowers rates for the wealthiest Americans." Obama supports a plan to raise taxes on families earning more than $250,000.
"Now, Congress can avoid all this by passing a law that prevents a tax hike on the first $250,000 of everybody’s income. That means 98 percent of Americans and 97 percent of small businesses wouldn’t see their income taxes go up by a single dime. Even the wealthiest Americans would get a tax cut on the first $250,000 of their income. And families everywhere would enjoy some peace of mind."
"The Senate has already done their part. Now we’re just waiting for Republicans in the House to do the same thing. But so far, they’ve put forward an unbalanced plan that actually lowers rates for the wealthiest Americans. If we want to protect the middle class, then the math just doesn’t work."
While Mr. Speaker mulls this all over, he might want to keep in mind that a new poll released Friday revealed that 48 percent of Americans trust Obama to come up with solutions to current economic problems, compared to just 32 percent who trust congressional Republicans to do the same. So come January, if that majority of Americans see their taxes raised, they certainly won't forget it the next time they head to the polls.
"We can and should do more than just extend middle class tax cuts. I stand ready to work with Republicans on a plan that spurs economic growth, creates jobs and reduces our deficit – a plan that gives both sides some of what they want. I’m willing to find ways to bring down the cost of health care without hurting seniors and other Americans who depend on it. And I’m willing to make more entitlement spending cuts on top of the $1 trillion dollars in cuts I signed into law last year."
Mr. President, I really wish you would stop giving away benefits for the people who need them the most. The Republican congress would just as soon hit you over the head with the silver tray that you're trying to hand over those entitlement cuts on.
"But if we’re serious about reducing our deficit while still investing in things like education and research that are important to growing our economy – and if we’re serious about protecting middle-class families – then we’re also going to have to ask the wealthiest Americans to pay higher tax rates. That’s one principle I won’t compromise on."
Here's the problem, the GOP does not care about anyone but America's wealthy few, -- we all know this -- isn't it time everyone let John Boehner know what they think of his obstruction? If you haven't contacted him yet, light up his phones on Monday morning.
A full transcript of the President's remarks are available online here.
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