Like his chief opponent in the Republican presidential nomination hunt, Rick Perry is focusing his response to President Obama’s deficit reduction plan on the tax increases for the super-rich, not on the spending cuts.
“President Obama’s plan is a bait and switch that offers more than a trillion dollars in higher taxes for a promise of temporary tax relief,” Perry said in a statement Monday. “The president penalizes investment when it is needed most, discourages charitable giving and doubles down on a failed government stimulus strategy.”
The tax hike stuff will be likely a major component of Republican pushback on the plan, which began well before it was formally announced and will continue for a long while longer. The $320 billion in cuts to Medicare and Medicaid Obama described — which put him onto one of Perry’s favorite topics, entitlement reform, didn’t get mentioned by Perry in his short statement after the end of the speech.
Here’s the whole thing:
“President Obama’s plan is a bait and switch that offers more than a trillion dollars in higher taxes for a promise of temporary tax relief. The president penalizes investment when it is needed most, discourages charitable giving and doubles down on a failed government stimulus strategy.“Worst of all, the Obama plan fails to provide the certainty employers need to create jobs and the spending and deficit reduction our economy needs.”
Disqus Conversations
Click here to read the Disqus Commenting FAQ.