YOUR QUESTIONS FOR PRESIDENT OBAMA
President Obama conducted a Twitter Town Hall this afternoon where he answered questions about the so-called fiscal cliff.
The President reaffirmed his commitment to letting the Bush tax cuts expire for the very wealthy.
Mr. President, why won’t keeping tax rates low across the board encourage more hires and therefore more tax revenue? #my2k
— Mike Vanderwyst (@mike5673) December 3, 2012
.@mike5673 high end tax cuts do least for economic growth & cost almost $1T. extending middle class cuts boosts consumer demand & growth -bo
— The White House (@whitehouse) December 3, 2012
President Obama explained that the only way to get enough revenue to preserve important programs is by raising tax rates for the richest 2%.
@whitehouse what is your opposition to taking away deductions for the 2% rather than up the rate? Seems like a reasonable compromise #My2K
— Hunter (@huntertred) December 3, 2012
.@huntertred not enough revenue, unless you end charitable deductions, etc. less revenue=more cuts in education etc wh.gov/5rTh -bo
— The White House (@whitehouse) December 3, 2012
The President said that he supports a balanced approach to deficit reduction, but will not make cuts to important programs for working families.
@barackobama Mr. President, Why not place more emphasis on reducing government spending, than on raising revenues? #My2K #WHChat
— David Osteen (@davidosteen) December 3, 2012
.@davidosteen (part 1) already cut $1T+ in gov spending last yr. Discretionary spending lowest as % of GDP since ike. #my2k
— The White House (@whitehouse) December 3, 2012
.@davidosteen (part 2) Open to more smart cuts but not in areas like R&D, edu that help growth & jobs, or hurt vulnerable (eg disabled) – bo
— The White House (@whitehouse) December 3, 2012
If the rich don’t pay their fair share, Congress may be forced to cut important tax deductions for middle class families.
As a home owner, I worry deductions for home owners are at risk. Is that the case? #My2k
— Emma Robertson (@soitgoesem) December 3, 2012
.@soitgoesem breaks for middle class impt for families & econ. if top rates don’t go up, danger that middle class deductions get hit – bo
— The White House (@whitehouse) December 3, 2012
The President, clearly aware of the grassroots action that is happening around the country, ended the Twitter Town Hall by asking everyone to keep the pressure on Congress
Gotta go.Thx.Keep pressure on Congress. Call, email, tweet your Member & tell them what 2k means to you. Lets get it done. #my2k -bo
— The White House (@whitehouse) December 3, 2012
What are you waiting for? Take matters into your own hands: Tell your member of Congress to act immediately.