Obama to Outline Deficit Reduction in a Speech

Appearing on the Sunday morning talk show circuit, David Plouffe, White House senior adviser, revealed that President Obama plans to deliver a major speech this week laying out a more aggressive path for deficit reduction -- including reform of entitlements, particularly Medicare and Medicaid. Plouffe said Obama will continue calling for higher taxes on the wealthy but will resist any attempts to raise taxes on the middle class. White House communications director Dan Pfieffer later added that Obama would deliver the address on Wednesday.

Plouffe also commented on Rep. Paul Ryan's budget proposals. Via Politico:

Plouffe indicated that Obama would address finding savings in Medicare and Medicaid, but would not endorse many of the proposals in the long-term deficit reduction plan offered by Rep. Paul Ryan (R-Wis.), chairman of the House Budget Committee.

“It may pass the House. It's it's not gonna become law,” Plouffe said. “I don't think the American people are gonna sign up for something that puts - most of the burden on the middle class, people trying to go to college, on senior citizens while not just asking nothing of the wealthy - giving them at least a $200,000 tax [break] and so that's a choice you're making.”

Plouffle also indicated that Obama would propose rescinding the Bush-era tax cuts for the wealthy as part of his deficit reduction plan.

“For upper income Americans he does believe that they need to contribute to deficit reduction in this country,” Plouffe said on Fox News Sunday.

But when host Chris Wallace asked whether such a proposal would pass in light of opposition from House Republicans, Plouffe indicated that Obama would make the point that the GOP proposal is cuts services for seniors and the poor in order to give tax cuts to the wealthy.

“They’re plan is a trillion dollar tax cut,” Plouffe said. “So again, the reason you have to ask more for seniors, the middle class and the poor… is because you’re giving the rich these tax cuts.”

Tags: President Barack Obama, Rep. Paul Ryan, David Plouffe (all tags)

Comments

1 Comment

"Reform"?

Why does Medicare need "reform"? Is it somehow corrupt?  And Obama had his chance to stop the Bush tax cuts with a stroke of the veto pen. Does he seriously think that the House will go along with repeal?

 

Smoke and Mirrors. More campaign lies from the man who pretends to be a Democrat but serves Wall Street and the CEO's.

by antiHyde 2011-04-10 09:12PM | 0 recs

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