The President’s Plan to Grow the Economy and Shrink the Deficit
[via OFA] The President’s plan will put Americans back to work, put more money in their pockets and shrink the deficit.
It makes investments to create jobs in the short run while building a foundation for sustained middle-class security and success in the long term. And it forces government to live within its means, based on the principle that no one – especially millionaires and billionaires – should be exempt from doing their part and paying their fair share.
We can no longer ask everything from the middle class and seniors while asking nothing from those at the top. That’s why the President’s “Buffett Rule” says that the wealthiest should not be able to take advantage of tax loopholes and special breaks to pay a smaller share of their income than what middle-class families contribute.
Under the President’s plan, within five years the nation’s spending will no longer increase the debt and we’ll finally begin to get our yearly deficits under control. In addition to the $1 trillion in spending cuts the President signed into law this summer, this plan will save more than $3 trillion over the next decade.
Taken together, this is what the President’s economic vision means for ordinary Americans:
- Lower taxes for both middle-class families and small businesses
- More jobs and job training for the unemployed and underemployed, including veterans coming home from war
- Lower health costs and better care in return
- Less wasteful Washington spending in the form of unnecessary farm subsidies, tax loopholes, sloppy government management and other reforms
Like the investments the President’s jobs bill proposes in education, infrastructure and first responders, this economic vision is designed to strengthen the country now and in the future – and do so in a balanced way.
Republicans have wasted no time opposing these common-sense reforms. Before the plan was even announced, they complained that billionaires, millionaires and big corporations shouldn’t have to pay their fair share.
We’re all in this together, and we’ll get stronger only by working together. This isn’t class warfare – it’s just fair.
Write a letter to the editor. Tell them this isn’t class warfare…it’s just fair.
7:55 pm on January 25th, 2012
I would suggest this IS class warfare disguised as something else and to deny it delays a proper defense of an attack.
10:34 pm on January 25th, 2012
Which part is class warfare, John? Asking millionaires to pay the same rate of taxation on their investment earnings is simply fairness.