White House Press Secretary Jay Carney Responds
Today’s Congressional Budget Office report only
reinforces the urgent need for House Republicans to follow the Senate’s lead
and pass a bill that gives middle class families the confidence that they won’t
see their taxes go up at the beginning of next year. 114 million
Americans deserve that guarantee.
But instead of doing the right thing,
Republicans in Washington have chosen to double down on the same failed
policies that led to the economic crisis in the first place. They’re
willing to hold the middle class hostage unless we also give massive new tax
cuts to millionaires and billionaires – tax cuts we can’t afford that would do
nothing to strengthen the economy.
Congress also needs to act right now to prevent
arbitrary spending cuts that would hurt military families, seniors on Medicare,
and children who deserve a quality education. It’s time to replace these
cuts with balanced deficit reduction that asks the wealthiest Americans and
largest corporations to go back to the tax rates they were paying under Bill
Clinton – back when our economy created 23 million new jobs and a record
surplus. But first, Republicans in Washington should do the right thing
and pass a bill that extends tax cuts for 98% of Americans and 97% of small
businesses. There’s no reason to wait.
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