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President Obama’s Weekly Address: Congress Must Extend the Middle Class Tax Cuts


Official White House Photo by Pete Souza

(WASHINGTON) — In his weekly address, President Obama renews his push for lawmakers to decouple the middle-class tax cuts from the rest of the “fiscal cliff” fight and pass an extension immediately.

He also prods Republicans on upper-income tax rates, saying a hike on the wealthiest Americans is “one principle I won’t compromise on.”

“After all, this was a central question in the election,” he says.

But the president says lawmakers “can and should do more than just extend middle-class tax cuts.”  He says he is ready to work with Republicans on an economic 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,” he says. “And I’m willing to make more entitlement spending cuts on top of the $1 trillion in cutsI signed into law last year.”

Furthermore, asking the wealthiest Americans to pay higher rates is “the only
kind of plan I’m willing to sign,” the president says.

“A clear majority of Americans – Democrats, Republicans and Independents – agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it.  It’s the only way to put our economy on a sustainable path without asking even more from the middle class,” he says.

Copyright 2012 ABC News Radio

One Response to President Obama’s Weekly Address: Congress Must Extend the Middle Class Tax Cuts

  1. Rich December 8, 2012 at 11:38 am

    Has the president ever actually “cut” anything? Ever? I mean ever? He may have agreed to cuts as a compromise but I don’t think he ever said, “For the good of the country–we need to tighten our belts”. YOU___________are going to have to get less of____________” Fill in the blanck

    The president says the strangest things. Even in this article.

    “I’m willing to find ways to bring down the cost of health care without hurting seniors and other Americans who depend on it,”

    I wonder just who he is planning to “hurt”? Cuts…by definition means someone gets less.

    Then he says, “And I’m willing to make more entitlement spending cuts on top of the $1 trillion in cuts I signed into law last year.” I think this is fiscal cliff speak…but who knows.

    What exactly were those cuts? I would have assumed they might have come up during any of the debates but I never heard a word. And (assuming there were cuts) what are the cuts he talks about for the future? So far…they have been just described as “more”.

    The terrible thing is that the US makes Greece look like a frugal state when it comes to borrowing. We will be much like many of the failed states that we use to look at with pity for being so poorly governed and on their way to ruin.

    If you have an opinion on my thoughts…please put a little more thought into your response than a “Rachel Maddow” or “Ed”…both shows that just think a democrat only makes smart decisions no matter what they are–forever and ever amen.

    Reply
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