White House Women's Update: Continuing to Grow the American Economy
On November 9th, President Obama laid out his plan to continue to grow the American economy.
"I’m committed to solving our fiscal challenges," he said. "But I refuse to accept any approach that isn’t balanced. I am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000, aren’t asked to pay a dime more in taxes. I'm not going to do that."
To reduce the deficit and grow the economy we need a balanced approach that includes extending middle-class tax cuts. Extending the middle-class tax cuts will also protect programs that improve the lives of women, children, and families across the country." Read full transcript
The President also reiterated this message in his weekly address on November 10th, which you can watch here.
Today, November 16th, the President met with bipartisan Congressional Leaders, including Speaker Boehner, in the Roosevelt Room for over an hour to discuss the nation’s fiscal challenges. Before the meeting, the President expressed his dedication to finding common ground to reach an agreement. Full post-meeting statement
If Congress fails to act, on January 1, 2013 taxes will increase for 114 million middle class families. To find out more information about why extending the middle-class tax cuts is important for our economy, check out this inforgraphic.