Editor’s Note: President Obama urged Republicans in the House of Representatives to act on his proposal to protect middle class families and small businesses from being hit with a big tax hike next year.
Recently, the Senate passed a plan that I proposed a few weeks ago to protect middle class Americans and virtually every small business owner from getting hit with a big tax hike next year – a tax hike of $2,200 for the typical family.
Now it comes down to this: If 218 Members of the House vote the right way, 98% of American families and 97% of small business owners will have the certainty of knowing that that their income taxes will not go up next year.
That certainty means something to a middle class family who’s already stretched the budget as far as it can go. It means something to a small business owner who’s trying to plan ahead. That’s security at a time when folks could use some.
And here’s the thing: everyone in Washington says they agree on this. Everyone says they agree that we should extend the tax cuts for the middle class. When Democrats and Republicans agree on something, it should be pretty easy to get it done.
But right now, that’s not the case. Instead of doing what’s right for middle class families and small business owners, Republicans in Congress are holding these tax cuts hostage until we extend tax cuts for the wealthiest Americans.
You see, Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top. They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes.
They’re wrong. And I know they’re wrong because we
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