Saturday, November 6, 2010

The President's Weekly Address: President Obama Calls for Compromise and Explains his Priorities on Taxes

From the White House blog:

As Congress prepares to focus on taxes when it returns to work later this month, President Obama called on both parties to work together and focus on the areas where all sides agree. First, the President underscored that middle-class families need permanent tax relief, so Congress should permanently extend tax cuts for all families making less than $250,000 a year – 98 percent of the American people. And second, he noted that, with the nation’s challenging fiscal situation, the country simply cannot afford to borrow another $700 billion on permanent tax cuts for millionaires and billionaires.

I know, I know, no one wants the President to compromise with the Republicans. They all want him to yell and scream and stomp his feet in frustration over the obstruction that has happened the last 2 years and will probably continue.

However, you have to understand this President does not operate that way. He has laid out what he wants and he expects the grownups in the Congress to respond in kind.

He makes the valid point that if the Repubs really want to reduce the deficit the Bush tax cuts for the wealthy have to be allowed to expire. You don't add to the deficit if you want it reduced. Math just doesn't work that way.

Now maybe if we had a responsible media who would do their jobs and let the American People know the truth, instead of just letting the propaganda of the other party be the narrative, everyone would understand that.


Sue said...

There is no question, the president does not want to make permanent the tax cuts for the wealthy like the thugs are whining about. SO... if the thugs fight him, the House votes to make them permanent, or even just a 2 yr extension, will it fail in the Senate with the tax cuts being allowed to expire? Or if the Senate so stupidly goes against the president can he veto their decision?

Annette said...

Yes, Sue I think he can veto it.. but if they add it all together in one bill, it would be hard for him to veto it because it would also stop the middle class cuts... It's going to be interesting to say the least.

Sue said...

oh yes I see. Interesting for sure!

Unknown said...

I utterly love this post! Keep up the good work my friend!

Annette said...

Thanks Steve and thanks for visiting. I will keep plugging away....who knows someday it might make a difference.