>The White House White Board: CEA Chair Austan Goolsbee Explains the Tax Cut Fight

>From the White House Blog

Today Team Obama is trying something new, they are rolling out the – White House White Board,in which one of the key players on the White House team will cut through the political back-and-forth you hear every day and break down an issue affecting American families into simple, understandable terms. Today, Austan Goolsbee, the new Chair of the Council of Economic Advisers at the White House, tackles the tax cut fight and what it means that Congressional Republicans are “holding middle class tax cuts hostage” as the President has said:

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

Key points and links:

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.

Leave a comment

Filed under Austan Goolsbee, Congressional Budget Office, Conservative Republicans, middle-class tax cuts, President Obama, The White House White Board, White House Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s