Tag Archives: Taxes

Weekly Address: Congress Must Compromise to Stop the Impact of the Sequester

From the White House: In his weekly address, President Obama tells the American people that a series of harmful budget cuts—called the sequester—have taken effect because Congress failed to act. Because Republicans in Congress refused to compromise to close tax loopholes for the wealthiest Americans, hundreds of thousands of Americans will lose their jobs or see their paycheck reduced, and middle class families will be hurt. Congress must join the President now to replace these cuts with a balanced approach that reduces our deficit while also making smart investments in areas that help our economy grow.

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Reid: GOP Must Raise Rates To Avoid ‘Cliff’

Nevada Senator Harry Reid, speaking from the Senate floor, warns his Republican colleagues that if they cannot agree to ask the wealthiest Americans to pay a little more, the country could go over the ‘fiscal cliff.’

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Reid: Only Thing Standing In The Way of Agreement Is Republicans

Nevada Senator Harry Reid speaks to reporters in the Capitol about the state of budget and tax negotiations.

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House Minority Leader Pelosi on “Fiscal Cliff”

House Minority Leader Nancy Pelosi (D-CA) addresses the House regarding the “fiscal cliff” negotiations.

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President Clinton Explains Mitt Romney’s $5 Trillion Tax Cut

Courtesy of Obama for America: Share this: http://OFA.BO/7GJS7j Tweet this: http://OFA.BO/GAjtKE President Clinton explains Mitt Romney’s $5 trillion tax cut and how middle class families with children will get an average tax increase of $2,000 to pay for $250,000 in tax cuts for multi-millionaires. As President Clinton shares: “In the first debate, Governor Romney said that he wasn’t really going to cut taxes on upper income people—he only wanted to cut taxes for middle class people. That’s not true.”

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