The President and Democrats Want to Give a Permanent Tax Cut to Everyone, but Republicans Want an Extra-Big Tax Cut for Millionaires
Under President Obama’s plan, all Americans would receive a tax cut on the first $250,000 of their income. Every middle class family would receive the immediate certainty and comfort of knowing their tax cuts were permanently extended. Every American making more than $250,000 per year they would receive a tax cut on the first $250,000 of their income.
Instead of working to give middle class families this immediate certainty and comfort, Congressional Republicans are continuing to hold that relief hostage in order to have our nation borrow $700 billion that we can’t afford to provide an average tax cut of $100,000 to millionaires and billionaires.
We simply can’t afford to give the wealthiest Americans these big tax cuts that would add to our deficit and, according to the non-partisan Congressional Budget Office, be just about the least effective way to grow our economy and help create jobs.
Watch the excellent video:
Andy Hailey