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But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.
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The American people want us to stop spending.
And so let's just give them some certainty. Let's extend the tax - the existing tax cuts. And then let's give some more tax breaks to small businesses and large. And then maybe the American people will have some confidence.
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But beyond the hysteria of phantom death panels, where is the abomination? Show me the provisions that will hurt consumers, because if you think a $110 billion a year tax break for working-class Americans to buy private health insurance is a government takeover, I welcome the debate.
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We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
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Voters did say 'repeal health care,' they did say 'reduce the size of government.' But not a single one of them from the tea party or anywhere said 'give tax breaks to the wealthiest.'
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If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.
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The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
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You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.
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Well, the taxes that everyone else is paying are supporting lots of programs that were in place prior to Obama's new spending. So new spending has too be paid for by new taxes, or by eliminating existing tax breaks. And Obama wants that burden to be borne exclusively by the rich.
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Even tax breaks that are supposed to help the middle class too often skew toward the wealthy. Consider the mortgage interest deduction. While political leaders in both parties have long considered it untouchable, it actually helps those at the top of the income scale far more than those at the bottom.
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Once again, the Republicans in the Senate have rejected an increase in the minimum wage. They support tax breaks for multi-millionaires, but they oppose helping the working poor to earn a decent income.
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Tax breaks can serve a vital role in keeping and bringing jobs to our state;
however, without accountability, they are little more than loopholes at taxpayers' expense.
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We pass bills authorizing improvements and grants.
But when it comes time to pay for these programs, we'd rather put the country's money toward tax breaks for the wealthy than for police officers who are protecting our communities.
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Give tax breaks to large corporations, so that money can trickle down to the general public, in the form of extra jobs.
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For the fifth year in a row, the Bush budget cuts city core services to pay for wealthy tax breaks. And once again, the mayor's requests were not funded.
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Rather than squander the surplus on tax breaks for the rich, we should add a prescription drug benefit to the Medicare program, shore up Social Security, fortify our defense, provide a quality public education and offer economic assistance to rural areas.
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No party has a monopoly on wisdom. No democracy works without compromise. But when Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy - well, you do the math. I refuse to go along with that. And as long as I'm President, I never will.
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Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
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What good will a tax break do me if I'm crippled for life?