A Quote by John Cornyn
Raising taxes is the last thing we should do amid the weakest economic recovery since World War II. Unfortunately, even if we avoid the full 'Taxmageddon' scenario, President Obama's health care law also contains a new surtax on investment that will take effect in 2013.
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We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.
Congress also did something new, which is, they delayed for two years two new taxes - one on medical devices and one on high-end health insurance plans. Those taxes are supposed to help pay for President Obama's health care law, but they're really unpopular.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
As president, I will ramp up enforcement of trade rules by appointing a new chief trade prosecutor and tripling the number of enforcement officers. We will work with both parties to pass the biggest investment new good paying jobs since World War II.
Under President Obama's new health care law, Medicaid will become a very different health coverage program than first envisioned.
And again, President Obama's health care plan really is another drag on the economy. Until we get Washington out of the way, this president's recovery is going to continue to rank dead last.
The president is eager to get to work and looks forward to working with the new Congress on policies that will make sure middle-class Americans are sharing in the economic recovery, but the president is clear that he will not let this Congress undo important protections gained -- particularly in areas of health care, Wall Street reform and the environment.
In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.
President Obama's health care law raided Medicare in the tune of five hundred million dollars to create a new program.
While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system.
To do health care was a noble, good thing, and it will help America dramatically. I don't begrudge Barack Obama choosing it, even though if I were president, I might not have.
WASHINGTON - Ever since President Obama ordered American warplanes to begin bombing terrorist targets in Iraq and Syria last year, members of Congress have insisted on having a say in the matter. The president, they declared, could not, or at least should not, take the country back to war without the input of the nation's elected representatives.
If Donald Trump dismantles the agreement [the "Iran nuclear deal"] won by President Barack Obama with President Hassan Rouhani and the Iranian government and people: If he dismantles that, and puts greater sanctions on Iran, then we are leading to another war; another war inspired by Israel, another war that will bring China into war, Russia into war, Europe into war. And the Western world, in this war, will be taken completely down, and a whole new world is on the horizon.
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