President Obama’s Weekly Address 4/5/2014 Congressional Republican Budget Bad For Middle Class

In this week’s address, President Obama highlights the important differences between the budget he’s put forward — built on opportunity for all — and the budget House Republicans are advocating for, which stacks the deck against the middle class. President Obama says, “the budget I sent Congress earlier this year is built on the idea of opportunity for all. It will grow the middle class and shrink the deficits we’ve already cut in half since I took office.” Congress has given him 0 votes for his budgets since he has been President, so it’s unlikely anyone will vote for this one as well. Obama continues about the Republican budget saying,

The Republican budget begins by handing out massive tax cuts to households making more than $1 million a year. Then, to keep from blowing a hole in the deficit, they’d have to raise taxes on middle-class families with kids. Next, their budget forces deep cuts to investments that help our economy create jobs, like education and scientific research.

Now, they won’t tell you where these cuts will fall. But compared to my budget, if they cut everything evenly, then within a few years, about 170,000 kids will be cut from early education programs. About 200,000 new mothers and kids will be cut off from programs to help them get healthy food. Schools across the country will lose funding that supports 21,000 special education teachers. And if they want to make smaller cuts to one of these areas, that means larger cuts in others.

Unsurprisingly, the Republican budget also tries to repeal the Affordable Care Act – even though that would take away health coverage from the more than seven million Americans who’ve done the responsible thing and signed up to buy health insurance. And for good measure, their budget guts the rules we put in place to protect the middle class from another financial crisis like the one we’ve had to fight so hard to recover from.

Policies that benefit a fortunate few while making it harder for working Americans to succeed are not what we need right now. Our economy doesn’t grow best from the top-down; it grows best from the middle-out. That’s what my opportunity agenda does – and it’s what I’ll keep fighting for.

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