Yesterday, President Obama unveiled his plan to raise taxes by $1.5 trillion. December President Obama would probably oppose it.
President Obama Touted The Tax Deal – That Prevented A Massive Tax Increase – As An Essential Economic Package. “This week, Congress passed – and I signed into law – an essential economic package that will help grow our economy, spur businesses, and jumpstart job creation. ... This package, which is so important for our economy at this pivotal time, was the product of hard negotiations. ... I’m heartened by our ability to come together to do what’s best for middle class families across this country, and our economy as a whole.” (Weekly Address, 12/18/10)
President Obama Stated He Was “Absolutely Convinced” That Preventing Tax Increases Would Grow The Economy and Create Jobs. “I am absolutely convinced that this tax cut plan, while not perfect, will help grow our economy and create jobs in the private sector. ... I urge members of Congress to pass these tax cuts as swiftly as possible. Getting that done is an essential ingredient in spurring economic growth over the short run.” (Remarks, 12/15/10)
President Obama Was “Pleased” That The Focus Was On Preventing Tax Increases and Removing Uncertainty To Boost The Economy. “I am pleased to announce at this hour the United States Senate is moving forward on a package of tax cuts that has strong bipartisan support… it is a substantial victory for middle-class families across the country who would no longer have to worry about a massive tax hike come January 1st. ... if there’s one thing we can agree on, it’s the urgent work of protecting middle-class families, removing uncertainty for America’s businesses, and giving our economy a boost as we head into the new year. (Statement, 12/13/10)
President Obama: By Preventing This Massive Tax Hike We Will Provide Business The Incentives Necessary To Grow, Invest, and Hire. “The bipartisan framework that we’ve forged on taxes will not only protect working Americans from seeing a major tax increase on January 1st; it will provide businesses incentives to invest, grow and hire. And every economist that I’ve talked to or that I’ve read over the last couple of days acknowledges that this agreement would boost economic growth in the coming years and has the potential to create millions of jobs.” (Remarks, 12/9/11)
President Obama: Allowing Taxes To Be Raised On Working Families and Small Businesses Would Be A Drag On Our Economy. “I've also said is we've got to find consensus here -- because a middle-class tax hike would be very tough not only on working families, it would also be a drag on our economy at this moment. So I believe we should keep in place tax cuts for workers and small businesses that are set to expire.” (Remarks, 12/6/10)