Washington (CNN) - Republican presidential candidates were quick to respond Monday to President Barack Obama's debt reduction speech. Here are some excerpts:
Gov. Rick Perry:
"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."
Rep. Michele Bachmann:
"If Warren Buffett believes he doesn't pay enough taxes, then he should write a check today to the Treasury, but he and the President shouldn't enact warfare on the millions of small businesses, on charities and on middle class America with increased tax burdens. The President is compromising the future of our children with his plan to continue spending and increase taxes, and he is ruining the American economy."
Former Ambassador Jon Huntsman:
"President Obama continues to demonstrate that he has no new ideas on how to create American jobs. For two and a half years he's been peddling a version of the Buffett Tax Hike as a key pillar of his failed attempt to tax and spend and regulate this country to prosperity."
Former Gov. Mitt Romney
"President Obama's plan to raise taxes will have a crushing impact on economic growth. Higher taxes mean fewer jobs – it's that simple. This is yet another indication that President Obama has no clue how to bring our economy back."
Rep. Ron Paul
"The President's class-baiting rhetoric categorizes Americans into opposing groups and pits them against one another, purely for his own political gain. This gets us nowhere as a nation, and nowhere closer to solving our economic problems."
Former House Speaker Newt Gingrich
"Once again, President Obama fails the test of leadership. In the midst of the worst economy since the Great Depression, job creation must be job one for our political leaders. Instead, the president has chosen the path of political gamesmanship and class warfare with a plan that would kill jobs with higher taxes on small businesses and private capital."
people (meaning individual people), who earn more than $1 million a year, are not SMALL Businesses. Michelle Bachman is a spin artist, not a good choice for president. She should be hired as a pundit for Fox News, she would fit in beautifully there.
Maybe my math is fuzzy...I dunno, but I find it hard to listen when Republicans constantly say "Increased taxes mean fewer jobs." From what I understand, the tax rate right now is the lowest it has been since the end of WWII, yet we still don't have jobs.
Did I miss something?
Blah blah blah. I seem to recall over 20,000,000 jobs created during the 1990's under Clinton when taxes were higher in the top bracket. How long can they keep saying the same old things before people finally wake up and realize that this all an effort to protect their big corporate donors.
The President wants the wealthy to pay the same percentage as the middle class and the Republicans call that "class warfare". WOW! Even many of the wealthiest people see the Republicans will do nothing but run this country in the ground.
Wake up, America! Stop being distracted by the fear tactics and buzz words the Republicans use to fool you. Pay attention to what the Republicans actually do and you will realize they have absolutely no business being in power in any way.
The only GOP jobs plan is less regulation (more pollution) and even more tax cuts for the rich there is absolutely no difference in any of their 100 candidates for president.
What a bunch of fools,
bachmann says it will effect our kids but the rights wanting to hack and slash the education of the same kids, reduce the minimum wage so they cant find a job when they leave school, have to pay more for college, then work for unlivable wages when they do find a job is ok, but taking the rightfuly cash the rich were supposed to pay all alone is wrong....she knows which side her gravy filled bread is buttered on,
Perry considers it a temporary tax that will hurt job creation, the rich and corporations have had tax advantages for 10 years and only hidden tax money, sent jkobs overseas and avoided taxes they were supposed to pay.
Mitt romney left massachusetts with less jobs, higher taxes and $2B in debt, his career was moving jobs abroad and making corporations tax benefits by doing it, when he was governor he lied, took 'donations' for helping corporations avoid taxes and hide massive losses for the people before running and hiding, liring about living in his sons basement for 14 months so he could run for office, hired illegal aliens for gardeners but would hack and slash the things the poor need to stay alive, the old need deserve from a full life of working and the young to have a chance at making america successful again.
All of them will hack America off by the knees to keep that filthy rich and corporate money coming, 80% of the country is behind these loopholes going away and taxing people over $1m a year in income but these fools represent the other 20%...where did the democracy go?....it was bought and stored in safe deposit boxes in switzerland by these GOP crooks
I am so sick of these republicans. Is anybody else tired of the same spew!
Boy the GOP just regurgitates the exact same lines day after day. Why would making people who earn $1 million per year or more pay at the minimum the same as someone making less than that hurt job creation? Why would cutting tax subsidies to Oil Companys and GE hurt job creation. Please explain that to me? Don't just repeat the same statement over and over again.
I'd like to respond to Bachman's "but he and the President shouldn't enact warfare on the millions of small businesses, on charities and on middle class America with increased tax burdens"
what pages in this bill exactly outline where the middle class get tax hikes, and war is declared on small business?
When will Christ Christie jumps in??? All these contenders see blackout on the road to White House and will never go even halfway!
it's amazing to me that this party even thinks of throwing the word "warfare" around so casually. we're in this economic mess because of TWO of their never-ending wars! and then the accuse the president of waging war on Americans for coming to our aide? the Republicans hate this President because he has fought for healthcare and stimulus money to help every day AMERICANS! in this country! not blowing up a country so Haliburton could profit rebuilding it's roads and highways while ours crumble. The Republicans? they SUCK!
i am soooooo sick and tired of hearing this crap from the gop!!!! the tax cuts have been in place since bush... the economy has tanked, where the hell are the jobs from the so called job creaters?????? its only fair that they pay their share!!!! i dont care what the gop has to say about that!!! ITS ONLY FAIR!!!!!
It's true that Obama's has many of the same ideas he's been trying to enact before.
What ideas do these Republican candidates have? Oh...the SAME ones that George Bush had–that ran our country's economy into the ground in the first place.
GOP, you've had your chance and we saw what your ideas of low taxes on the rich and minimal regulations got us. It put this country in a terrible economic mess.
It's time to try Obama's plan. He's been trying to pass these ideas for 2.5 years, and the party of NO keeps blocking it? Why doesn't the country get a chance at the Dem's plan? We elected him because we wanted to try out his ideas. But the GOP keeps causing a stalemate!
Pass this bill!
They had tax cuts for the last 9 years and look were we are! Time to get fair. GOP and TP are showing where their allegiance is: for the most wealthy section of the populace. They failed the middle class. The government should represent and protect EVERYBODY's best interests. Even the smarter wealthy know that the super rich need a healthy functional country with a strong middle class to be able to have a stable economy. Hence Mr. Buffet plea. But GOP/TP are too busy to get rich themselves (look at Perry that was penniless and got rich on a governonr salary)!
This idiots will say anything and oppose anything the President puts on the Table because so scared that he will succede and they will fail, I have not heard anything from anyone of them how to cure our economy accept criticize the president and give tax breaks to all, MS Backmas, the President is taxing the likes of you and your cronies not small bsinesses and Middle class, if you can'r see the difference there then you are even stupider that I thought, and Mr. Macho Perry, your cronies have had tax breaks for the pas 10 years, where are the investements to creat Jobs, you idiots.
Another fine example of these rich white folks not knowing what the hell they're talking about. But then, why bite the hand that feeds you?
Can the GOP please move on and do what the public demands, this proposal was clearly a large reason why Obama won in 08 and the public is still solidly behind ensuring that the rich pay their share. Stop being such a sore loser GOP and let the president do what he was voted in to do.
And of course, not one viable proposal from any of them. Just, bas, bash, bash. If the GOP wants to have a prayer in the 2012 election, they had better come up with something. So far, it is game Obama.
"President Obama continues to demonstrate that he has no new ideas on how to create American jobs."
and the Republican plan would be what???
NOBama has NO Clue how to restructure this economy. He has never operated/managed anything. It/'s unfortunate for America, but this guy simply doesn't know what to do.
If you want a minimum wage job, no healthcare, and no labor rights, vote for Perry, he is your man. I wonder how many Teabagger members have minimum wage jobs!
And all Obama is doing is bringing back the tax rates prior to the Bush tax cuts, when we had surpluses. Not even Reagan had surpluses. Trickle down economics is the worse lie placed upon society since Hitler did to the Germans.
Please tell me YOUR SOLUTION to pay off our National Debt and the timetable for making the United States a net creditor.
Please explain to me that you understand that, beyond the $14.3 TRILLION debt, the US has "off balance sheet" liabilities that need to be funded so we need to run budget surpluses to meet those obligations. Tell me how you are going to do that Ms. Bachmann, Mr. Perry, Mr. Romney, Mr. Huntsman and Mr. Paul.
What FREAKEN IDIOTS!!!!! CLASS WARFARE IS HAPPENING RIGHT NOW ON THE POOR IN YOUR STATE RICK PERRY..... poverty up drasticly in Texas.... Its time NOW for the RICH to start helping out paying their FAIR SHARE!!!!! Lets start and AMERICAN FALL and get together and VOTE ALL REPUBs OUT OF OFFICE in 2012 or this country will be in DEEPER Trouble...... RISE UP MIDDLE CLASS!!!!! Let VOTE THE SOBs OUT OF OFFICE!!!!
I hear several people in denial as to how is that Obama inherited a crashed economy, and a trillion dollar annual deficit. It was tax cuts, which never paid for themselves, are what set un on this road of annual trillion dollar deficits. Now it is Republican greedy-ological spending cuts that are killing jobs growth and driving unemployment up. Jobs growth was slow, but moving upwards for 18 consecutive months until the Tea Party and their Republican lap dogs got a bigger grip on power.