Once again President Obama has shown his true leftist colors. From the Associated Press:
In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already emphatically rejected. The reception to his new proposal was no more welcoming, setting the stage for a likely new fight with Congress.
Flanked at the White House by workers he said the legislation would help, Obama declared, "This is the bill that Congress needs to pass. No games. No politics. No delays." He sent it to Capitol Hill saying, "The only thing that's stopping it is politics."
The president's proposal drew criticism from House Speaker John Boehner, who'd previously responded in cautious but somewhat receptive tones to the $447 billion jobs plan made up of tax cuts and new spending that Obama first proposed in an address to Congress last Thursday.The biggest piece of the payment plan would raise about $400 billion by eliminating certain deductions, including on charitable contributions, that can be claimed by wealthy taxpayers. Obama has proposed that in the past — to help pay for his health care overhaul, for example — and it's been shot down by Republican lawmakers along with some Democrats.
Yet by daring Republicans anew to reject tax hikes on the rich Obama could gain a talking point as the 2012 presidential campaign moves forward, if not a legislative victory.
At a Rose Garden event Monday, Obama brandished his jobs bill and surrounded himself with police officers, firefighters, teachers, construction workers and others he said would be helped by it. Adopting a newly combative tone that's been welcomed by dispirited Democrats, Obama demanded immediate action on the legislation, which the White House sent to Capitol Hill Monday afternoon.
"Instead of just talking about America's job creators, let's actually do something for America's job creators," he said.
Even the AP knows that this plan is costly. Obama wants more new spending, something Americans are sick of. He's not listening to the majority of voters, and the lamestream media can't figure out why his approval numbers are so low. Eliminating deductions means he wants to raise taxes. Again, Democrat = Tax Increase.
Then there's the people he surrounded himself with, "police officers, firefighters, teachers, construction workers". These are mostly public sector workers. Their union bosses would be the primary beneficiaries of this plan. This doesn't help job creators because the job creators are in the private sector. They're being hampered by heavy regulations from the EPA, Dept. of Agriculture, and the Interior Dept. among others. Again, the more people who have private sector jobs, the more people who can pay taxes, which increase treasury revenues.
If he's serious about helping job creators, then unleash the private sector. Lose the heavy handed regulations, lower corporate taxes and capital gains, especially for small businesses. That will allow companies to hire and expand. More people working means more people engaging in commerce which makes the economy grow. Zero job growth in August should tell you his economic policy is a disaster, and we have to reverse course.
Background Reading:
AP: Obama would raise taxes to pay for his jobs bill
