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."
You can lower these big business taxes as much as you want to, they are not hiring. They had the Bush tax cuts for 10 years, which cost us the greatest recession, since the great depression. These people are not hiring with these so call tax cuts. Go President Obama, tax , tax, and tax the rich.
Blah, blah, blah... We've been doing it their way for 30 years, and with the exception of the 8 years of Pres. Clinton, the republicans have done nothing but run up the debt and deficit.
It's obvious they're not serious about reducing the debt or the deficit – if they were, ALL options would be on the table. They would uphold their oath to the United States of America – and abandon their oath to the almighty Grover Norquist. (BTW, the tax cuts to the top 2% were supposed to create jobs...how long are we expected to wait? During the tenure of the bush tax cuts, we've seen the lowest job creation rate since WWII. That's not a great return on our investment.)
It's not class warfare – it's survival of the middle class – and it's all about the math. Well done Mr. President!
The republicans offerred the same stuff we have had for the last 10 years. Bush tax cuts extended, eliminate the EPA that protects the water and air we drink and breathe, and eliminate the NLRB, so we go back to the days of no protection for workers from bad employers, bringing back child labor, sweat shops, ending vacations and the 40 hour work week putting us in the same class as Mexico, Vietnam and communist China. The tax cuts have been in effect for years, and they have not worked, so try something different and not the same stuff Bush gave us.
Uh !!!! Let me see now !! They don`t like anything.– Right ??? The party of NO doesn`t care about anything except their money men. The country be damned.
will destroy our economy, blame Obama and hope no one notices.
The real data shows that before the Teabaggers voted the GOPs back in office in 2010 the unemployment rate was under 9% and steadily declining. Since the GOPs took office the unemployment rate has risen once again, with their Bush policies. How many jobs has the GOP congress created??? They are in the negative as of now. Let Obama do his job and our country will succeed. No more Bush policies!! Dethrone the party of NO!!
I have problems with Obama's plan, but come on. Tax breaks for the rich and a Republican controlled congress were supposed to create jobs. How's that working for us?
Sorry GOPers, we have been in class warfare ever since Bush was in office. You have taken from the middle class far more than can be ever done to the elitist in this country.
I have a question. If tax cuts create jobs the where are they? Taxes haven't been this low in ages.
If this is class warfare, it's a war against .3% of the taxpaying population, and it's a war we need to have. It's only going to effect roughly 450,000 taxpayers (not the *millions* Ms. Bachmann is screaming about). It's interesting that the GOP is more concerned about .3% of the taxpayers as opposed to the 99.7% they're also supposed to represent, but I suppose it's not surprising. Both parties pander to their supporters, but trying to help 99.7% stand firmer on their own feet–as opposed to trying to keep the .3% holding everyone else down–is more admirable.
I think the above says it all. Obama sounds like a broken record. Increase revenues so we can spend more. Tax the rich, tax the rich, tax the rich, tax the rich, tax the rich, tax the rich, Somebody give the record player a bump.
They all got the same memo and went creative on their own versions. Big surprise there.
fearmongering responses by Republicans, what else is new?
Before I respond, I just want to say that: Yes I am Canadian and I'm proud of it.
At least most of my fellow Canadians can vouch for how we CARE ABOUT EACHOTHER. I don't care if I get taxed more money if I make more money, and seeing that I make well over $100k (which means the progressive tax bracket in Canada hits me at 35+%!), I don't see how the greed in America has gotten where it is.
It seems like the Republicans like to use their half-sophisticated English in conjunction with fear to scare the general public. What is fear mongering going to achieve? Is cutting more social care the answer to America's problem? No.
The Republicans and their annoying/exploitative punters always say that countries like Canada are "socialist" because we believe in being "left leaning". I.e. We want to have economic growth, prosperity, opportunity for ALL of our citizens.
My father came to this country with NOTHING but his dream to provide for his family. He started off at the bottom and relied on public services such as Healthcare to get by. That wouldn't have happened in the United States, because simply put: It's a country that is run by the wealthy.
I am always aghast when I hear GOP or Republican Senators/Governors speak, it just seems like they're trying to hide from the real issues. It's a party completely run by greedy, self serving people who have no interest in seeing the country succeed as a whole.
I would be hardpressed to say I would want to live in a country that makes a distinction between income that's attained through salary or "Capital gains".
The people who serve as stock brokers and "financial advisors" are going to be replaced by computer algorithms soon anyways. I am proud to say I am apart of the new guard who will be designing algorithms that can replace these greedy, overpaid, self serving advisors. They do so little, get paid so much, and yet they have the EDACITY to claim that the VERY COUNTRY that gave them the MEANS to succeed should then find a way to help them "hang on" to their money.
Humorously enough, these same finance people love to state that people in my area can't do what they do. Newsflash geniuses: High Frequency Trading is the most rookie way to make money, and that is just the tip of the iceberg.
Coming from someone who will be rewarded quite handsomely in the near future (and I'm only in my mid 20s!), I hate you greedy finance people with a passion. I also dislike government officials ignoring the disparity that exists for their citizens. It's egregious in my opinion.
Republicans say they're God fearing people, yet they clearly fail to exercise compassion by possessing deaf ears on the plight of the middle class. Pretty sure, just sayin', that going to Church doesn't qualify you as a "good person" when your main concern is helping the Rich get Richer at ANY cost, even the general population's social care. That is sick. The hypocrisy is everywhere!
Please Obama, fix America. Ignore these fear monger tactics the Republicans are trying to use, and champion this plan around the country! As John Barnhill once said:
"Where the people fear the government you have tyranny. Where the government fears the people you have liberty."
The party of "NO" never disappoints. Protect the rich that fuels their campaigns without regard of the cost to the middle class.
I have to say that when the GOP claims that Obama is trying to create a "class warfare" it makes me laugh. Obama is seeking to create some parity in the tax structure that has a proven record of success in reducing our debt and increasing our revenue while leading to prosperity. This will not lead to class warfare. I am sick of the GOP rhetoric. They are just now being lazy with their ideas and borrowing them straight from Orwell's 1984. Every president save our last President Bush. If people will stop being lazy and remember-things were not great under Bush. It was under his deregulations and his watch that our economy nearly collapsed. NO more tax breaks for the wealthy and deregulations that allow the banks and big business to run wild. NO MORE.
It's only "class warfare" when the middle class fights back against those who want the rich to pay nothing and make the middle class into serfs.
Yet bone and crew hasn't made not 1 jobs bill, but Obama has one and a deficit bill and a bill to make sure the ultra rich lay their fair share! #GOPLOSERS
Perry sounds like a Parrot repeating the Party's bullst points. Bachman like the part about telling Buffet to write a bigger check. Huntsman and Paul just want to be different and agree to things not as provable. Nothing any of them say is any different than what McCain said three years ago, and almost exactly to what Geaorge the Second said eight years ago. They keep talking about making things worse. Staying the same Republican, Welfare fot the Rich approach is what's got us into this place. Doing what Obama did for a year, investing in our country, is the ONLY WAY to get things right. It worked for a moment last year – it can work for four years if we start doing it now!!
Bait and switch from no taxes and few comumer to tax those who can afford it there by put more money into ciculation. We need both producer and comumer, one comment the other, I am beginning to wonder the old school just do not cut it into days world.
Since the GOP only continues to protect the wealthy, lets follow the President's plan and tax them. Make sure small business' get a real tax break. Not tax credit.
Why don't we split up companies too-big-to-fail, creating a need for new employees in each of the two or three companies. Secondly, why don't we trim back on legal immigration from china, russia, and india, which put college educated and trained americans out of work. Then lets make american companies who get the benefit of being american, hire only labor who work in the united states and pay taxes needed for the people they put out of work.
It is very easy to blow "CAPITAL" like what George Bush did for EIGT LONG YEARS-– than to get Bush's mess cleaned up and put America back on the right plain so anyone thinking a vote for the Republican Party in 2012 is a wish to bury a beautiful country like what Rick Perry is currently doing in Texas. For all the DOUBTERS – I say –Go to Texas and see for yoursef. POVERTY-–POVERTY-–POVERTY !
...and this is why any GOP candidate is obviously more qualified to be president than the jerk-off who currently resides in the White House.
If Obama wanted different responses he should have come up with some original ideas that acutally might work.
Yet again Bachmann doesn't do a facts' check before speaking. She said the President's proposed tax increase on the wealthy affects "millions of small businesses, on charities and on middle class America." In fact, it would only apply to less than 1/2 million of the 144+ million who file taxes, none of whom are middle class. It's Teapublican distortions and blatant lies like this that obscure the debate and exhibit their true character–incompetence.