Republican House Speaker John
Boehner hammered President Barack Obama on Tuesday after accounting firm
Ernst and Young released a study funded by pro-business groups hostile
to the Democrat's agenda. The firm's results showed that Obama's
proposed tax hikes on the wealthy could cost the already sputtering
economy more than 700,000 jobs.
"Our economy is still struggling
under President Obama's policies, and his massive tax hike will only
make things tougher," Boehner said in a statement. "It's one of the
worst possible ideas at one of the worst possible times for families and
small businesses."
Obama has been campaigning on
calls to extend the Bush-era tax cuts on income up to $250,000 but let
them expire above that level. He and fellow Democrats have accused
Republicans of holding middle-class tax relief hostage to help the very
rich (in fact, the wealthy would see the benefits on their first
$250,000 of income). Recent polls have suggested that the public broadly
supports the president in principle, though Republicans have noted that
his proposal does not yet exist as legislation, and Democrats are
expected to water down some of the president's recommended changes.
No comments:
Post a Comment