White House talking points on Boehner's speech
TALKING POINTS: CONGRESSIONAL REPUBLICANS OFFER MORE OF THE SAME FAILED ECONOMIC POLICIES
In a speech in Cleveland today, House Minority Leader John Boehner laid out Congressional Republicans' economic dream. Their prescription for the future = the same policies that led to the worst recession since the Great Depression. They want more tax breaks for the rich, less oversight of Wall Street, and a tougher burden for middle-class families.
We are finally working our way out of the enormous hole many of the same Republicans in Congress helped drive the country into.
o After 22 straight months of job losses, the economy has created private-sector jobs for seven months in a row.
o We are cutting government spending, and reducing the deficit by more than $1 trillion over the next ten years.
o We are investing smartly in our children's future with a better education and a stronger economic foundation.
o We are cutting taxes for and opening access to capital for America's small businesses.
o We are breaking the hold that special interests have had on Washington for too long.
* On tax cuts for American families, John Boehner's math doesn't add up. The middle class can't afford higher taxes in the midst of this recession. That's why the President wants to extend the tax cuts for 98 percent of Americans. But Republicans in Congress want to spend another $700 billion to give millionaires a $100,000-a-year tax cut
* Congressional Republicans' millionaire tax cut won't help Main Street businesses. More than 97 percent of all small businesses would not qualify for the millionaire tax cuts in the Boehner plan. This is a Wall Street tax cut, not a Main Street tax cut. Few credible economists believe that this will spur the economy because the people who will cash in already have plenty of money to spend.
* To help the economy right now, Republicans in Congress should end their opposition to the small business tax cut bill that they've been blocking for months in Congress. The President has laid out a series of proposals to make it easier for small businesses to open their doors, expand their operations, and hire more workers, cutting small business taxes eight times and supporting new capital to grow their operations. But there's more to do. Republicans should end their stonewalling of a new business tax breaks and lending incentives to spur hiring.
* Representative Boehner is ignoring his party's own record, and he's hoping that American families will, too. In the eight years before the Obama Administration took office, the Republican Leadership took the record surplus and turned it into a record $1.3 trillion deficit. Their irresponsible policies helped to create the worst economic downturn since the Great Depression, resulting in 22 months straight of job losses across America.
* Congressional Republicans are offering nothing new. If they were to control of Congress, the Republicans have pledged to go back to "the exact same agenda" they were pursuing before President Obama took office. They think the policies they had in place during the Bush years were the right ones. There are millions and millions of Americans who saw their paychecks shrink or their jobs, houses, and savings vanish. They don't want to go back. They want to move forward.