(CNN) – Responding to the president's expected call to extend the Bush-era tax cuts for those earning less than $250,000, Mitt Romney's campaign pointed to the implied tax hike for those making more than the stated threshold.
"President Obama's announcement this morning will mean a tax increase for millions of families, job creators, and small businesses," Romney spokeswoman Andrea Saul said in a statement.
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Obama will urge Congress to pass a one-year extension on the tax breaks Monday at the White House, a call his re-election campaign said "will amplify the president's message on middle-class tax cuts."
The president, however, has long said he will oppose extending the tax cuts for the wealthy.
On Sunday, a top campaign adviser said Obama was entirely dedicated to ending the so-called Bush tax cuts for the wealthy at the end of this year.
"He is 100% committed to it," Robert Gibbs said on CNN's "State of the Union."
Obama signed a bill in 2010 to extend the Bush-era tax cuts, citing the need for economic stimulus at the time, but has since vowed he would not permit another extension.
In her statement Monday, Saul added: "Governor Romney knows that job-killing tax increases will hurt our troubled economy even further, and he has a plan to lower the rates and broaden the base without increasing the deficit to encourage investment and job creation."
– CNN's Jessica Yellin and Ashley Killough contributed to this report.
"A country that is openly hostile to successful people and businesses will get LESS of them."
Newsflash: We have had a prorgessive (bracketed) tax system in this country for over a century. Adjusting the brackets to generate revenue to address the debt and deficits, and doing so in a manner that recognizes and accounts for the immense and growing wealth disparity in this nation, is not "hostile." IT'S RESPONSIBLE.
Fun fact: The GOP was the first to propose the progressive tax system in Amurika...back under Lincoln, when being a Republican meant actually being a Republican instead of acting like an exrtemist nutjob howling at the moon and jousting with windmills just because the world is changing and you don't like it.
Four wrote – The federal government needs to be responsibly managed and this is not what we have seen in the last 3 1/2 years.
Huh? You do know that presidents Regan and Bush II greatly increased the size of government. Your inference that President Obama is solely responsible for the size of government makes you look very uniformed.
Regardless of the fact that I never said Obama created the entire federal government, he certainly has increased it significantly in just 3 1/2 years. But you know what? The November election will have a choice between Obama and Romney. Romney is the easy choice for reducing government spending. That's what needs to happen.
Obama will do anything to get elected but I appreciate the tax cut. There is no way it will go through for those who just have incomes under $250K. I was laughing too hard to hear the rest of story on the news this morning. If Obama knew what he was doing in the first place he would have extended them a lot longer than one year initially. We have Bush 3 and he wants to continue his wartime and tax policies for another 4 years. Lets hear from the Obama mafia.
Four and The Door
The country is realizing what a huge mistake they made in 2010. This president will get 4 more years in the WH and the insane rabble voted in in 2010 will begin trickling out of the House just like spoiled wine going down the drain.
"No, he just has the brains not to. Problem with guts was played out for us while watching the GOP and Dubya shoot from the hip for 8 years. I'm going to go with the guy who realies on grey matter instead of gastronomy. I'll take ideas over ideological farts any day"
Well for someone who clamors that the Bush tax cuts are the biggest cause of the deficit, one would think you'd want them repealed in their entirety. No?
Lets all remember, these are the Bush tax cuts for the middle and lower income levels he got passed in 2001. Thats right, George Bush passed those TAX CUTS. All President Obama is doing is playing word games. He is proposing to extend George Bush's tax rates for the middle and lower income folks while RAISING TAXES on the rest.
When will you people get it? 70% of the economy is controlled by normal Americans! If you took the entire $787 billion stimulus and spent it in one year (they still haven't finished spending it yet!), that would be 5% of our GDP. Politicians feed us the same lines, "Vote us in and we'll fix everything!", but they have less power and way fewer ideas than you or I do.
I am a job creator. I create jobs ONLY when my plant can not meet the market`s DEMAND for my product.
Yes, I really like paying the lowest amount of taxes on my profit but it has ZERO bearing on my decision to hire more people.
I only add more people when I need more output. Lowering my taxes DOES NOT create demand. I`d only buy another Rolex with the left_overs and they are not made in the USA.
Don't tax my off shore account !
What does the GOP want?
So, less government means less oversight of activities of buisness.
Less taxes or breaks means more money for them doesn't garaunty they'll hire. Where is the trickle down? It never happened under 8 years of Reagan and 4 years of Bush senior yet the promised it would.
Less rules means unrestricted and unethical behaviours in order to make money any way you can even if it hurts someone. It means to hell with the poor, sick and elderly because somehow they're too lazy to earn the money that you have including medical treatment.
Here's a bill the GOP would write: a tax break so you can hire veterans.
Here's a bill the Democrats would write: a tax break only if you hire a veteran.
One does not ensure that you hire a veteran and the other does. But the first has traditionally been taken but rarely has resulted in a hire.
So, as a Conservative Canadian, even if I were an American I would NEVER vote Republican. Most of them had honour a hundred years ago but they are controlled by greed under the guise of freedom. There is NO freedom when the very rich enslave the poor.
Mitt Romney has no clue what he Is talking about, the BUSH tax cut haven't created any Jobs and never will. This Is just a Bunch of Republican CRAP to give the Rich tax cuts.
I like the comments stating Romney is out ot touch....
A Harvard / Columbia rich elitist (Obama) is not out of touch? Good grief!
Republicans=no prosperity for all americans, just a select few
Like-able_Obama ran in 2008 on "Yes I (we) can"..."change I (we) can believe-in"....Really!...but now in 2012 Americans
must ask themselves after all the CAN-Do and BELIEVE-INS with four years of like-able_Obama "Is the Country better off"..? ........On the other hand Capable_Romney says in his 2012-campaign.."We can have jobs, growth, prosperity and
also put the country's financial house in order"...and so what will the American-people choose on November 6, 2012..?
a)..four more years of like-able_Obama with a country in economical decline..?..........or................................................
b)..jobs, jobs and prosperity for all Americans with capable_Romney...?.....America cannot afford four more years of like-able.......The choice is clear.....!
"The American Voters sent huge numbers of Republicans to Washington in 2010 ( remember the shellacking?) to cut out-of-control government spending just like Obama's "jobs" bill. "
Interesting. Gov't spending has risen by only 1.3% under Obama. Was it "out of control" when both Reagan and Dubya both increased government spending by over 8%? How about when Bush 1 increased it by over 4% or Clinton by 3%? Where was the fear and anger and extremist temper tantrums and incendiary rhetoric then? Hmmm?