During a campaign appearance at Detroit Diesel yesterday, President Obama laid out his plan to save the economy. First, raise taxes on the rich … we’ll deal with cuts later since we have to do that … real careful like.
From the president’s remarks yesterday, with my emphasis in bold.
We can solve this problem. All Congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody’s income — everybody. (Applause.) That means 98 percent of Americans — and probably 100 percent of you — (laughter) — 97 percent of small businesses wouldn’t see their income taxes go up a single dime. Even the wealthiest Americans would still get a tax cut on the first $250,000 of their income. But when they start making a million, or $10 million, or $20 million you can afford to pay a little bit more. (Applause.) You’re not too strapped.
I’m sorry, is the president changing his plan to only tax those earning more than $1 million now?
So Congress can do that right now. Everybody says they agree with it. Let’s get it done. (Applause.)
I don’t agree with it, and don’t speak for me Barack.
So that’s the bare minimum. That’s the bare minimum we should be doing in order to the grow the economy. But we can do more. We can do more than just extend middle-class tax cuts. I’ve said I will work with Republicans on a plan for economic growth, job creation, and reducing our deficits. And that has some compromise between Democrats and Republicans. I understand people have a lot of different views. I’m willing to compromise a little bit.
This is an outright lie. He has no desire to cut anything, anywhere. He’s demanding tax increases now, in exchange for no cuts. NOTHING.
But if we’re serious about reducing our deficit, we’ve also got to be serious about investing in the things that help us grow and make the middle class strong, like education, and research and development, and making sure kids can go to college, and rebuilding our roads and our infrastructure. (Applause.) We’ve got to do that.
Bull. How does spending more money than we have been spending the last few years reduce the deficit? This man is delusional.
So when you put it all together, what you need is a package that keeps taxes where they are for middle-class families; we make some tough spending cuts on things that we don’t need; and then we ask the wealthiest Americans to pay a slightly higher tax rate.
So Mr. President, what are you willing to cut? I’m talking about a real cut, not a reduction in planned spending, real cuts. What don’t we need Mr. President. He’s not just demanding increased taxes on the successful, he’s doubling down on additonal federal government spending.