President’s Job-Crushing Tax Hike “Political,” “More Symbol Than Substance”
After the “stimulus” spending binge failed to keep the unemployment rate below eight percent as promised, Republicans outlined a blueprint for private-sector job creation, passed more than a dozen jobs bills, and sought common ground with President Obama on removing government barriers to job growth. But yesterday, just days after signing another Republican jobs bill into law, the White House took a detour.
In a campaign-like speech, the president touted a debt plan that would destroy jobs by raising taxes on small businesses and private capital (a key ingredient for job creation in America).
But “President Obama’s plan isn’t serious and isn’t meant to be taken seriously,” says Rich Lowry. The president himself panned these tax hikes in the past. And as the coverage shows, the proposal is more of a “political ploy” – something the president can take with him “to every corner of this country” as he campaigns for re-election – than a serious attempt at creating a better environment for jobs:
President Obama’s Debt Plan Is “Political,” “More of a Campaign Document”:
- “Today was politics. It's not really economics. I think everyone understood what the president was doing today -- and you could see from his demeanor on the piece before -- it was politics. He's kicking off his reelection campaign.” (Phillip Swagel on PBS, 9/19/11)
- “[T]he package in the end may serve more as a campaign document.” (Washington Post, 9/20/11)
- “[H]is speech yesterday made it clear that he wants to score political points regardless of the outcome.” (Money Morning, 9/20/11)
- “The plan also relies on an array of well-worn budget ploys that do little to advance the cause of bipartisan cooperation in taming the nation’s spiraling debt, the experts said.” (Washington Post, 9/20/11)
President Obama’s Job-Crushing Tax Hike “More Symbol Than Substance,” Not a “Deficit-Reduction Tool”:
- “The proposed Buffett rule is more a political statement than a deficit-reduction tool, given how little money it may raise.” (Los Angeles Times, 9/20/11)
- “So here we are back at the same old political stand ... There's one small problem: The entire Buffett Rule premise is false...” (Wall Street Journal, 9/20/11)
- “For now, the Buffett rule is less of a concrete legislative proposal and more of a political talking point…” (Bloomberg News, 9/20/11)
- “Obama’s vague Buffett Rule a political ploy” (Reuters, 9/19/11)
- “Even the rhetorical centerpiece of Obama’s plan … appeared to be more symbol than substance, tax experts said.” (Washington Post, 9/20/11)
- “[T]he measure is more of a political trick than a sound policy effort.” (Financial Times, 9/19/11)
According to NBC, the White House admits “[t]he governing phase is over and the campaigning has begun.” But while the Administration is looking ahead to next year’s election, Republicans will continue working to remove barriers holding back job growth today – barriers like Washington’s spending binge, the threat of tax hikes, and excessive regulations. As Speaker Boehner said yesterday, “we need to get government out of the way” if we want to create a better environment for private sector job growth.
Learn more about the Republican plan for jobs at Jobs.GOP.Gov.