President Obama called on Monday for aggressive spending to boost growth and for higher taxes on the rich. While outlining his $3.8 trillion budget, Obama said he wants wealthier Americans to bear more of the burden of slashing a federal deficit.
President Obama: “We don’t need to be providing additional tax cuts for folks who are doing really, really, really well. Do we want to keep these tax cuts for the wealthiest Americans, or do we want to keep investing in everything else—education, clean energy, a strong military, care for our veterans? We can’t do both. We can’t afford it. Some people go around, they say, 'Well, the President is engaging in class warfare.' That’s not class warfare, that’s common sense.”
Republican Senator Jeff Sessions of Alabama criticized Obama’s budget plan.
Sen. Jeff Sessions: “Under the pronouncements that we’re hearing from the White House, this budget reduces our deficit by $4 trillion. That is absolutely untrue. It doesn’t reduce the deficit at all, virtually.”