President Barack Obama's "Mandate" from Voters to Fight against Tax Increase reports FederalTaxResolution.com
(prHWY.com) November 21, 2012 - Ashland, OR -- San Francisco, CA- This past friday the newly re-elected President Barack Obama stated that he was open to compromising with Republicans in order to prevent automatic tax increases and spending cuts by year's end. At the same time, Obama said that he would continue to insist on a resolution that includes higher taxes for the wealthiest Americans.
He made his first public appearance since Tuesday's victorious election in the White House's East Room. The President said his victory was a mandate from voters to continue pursuing what he called a "balanced" approach. Obama also announced that he was inviting both Republican and Democratic Congressional leaders to the White House next week for the first round of formal talks on the so-called "fiscal cliff."
Obama said that he was "open to new ideas" and "not wedded to every detail" of the deficit-reduction plan he had already offered. Obama further explained, "But I refuse to accept any approach that isn't balanced. . .This was a central question during the election. It was debated over and over again. And on Tuesday night, we found out that the majority of Americans agree with my approach."
Exit polls of voters released from Tuesday night's election showed that 47% of Americans supported raising income tax rates on those earning $250,000 or more, while an additional 13% said that U.S. citizens should pay more in taxes. However, 35% were against any tax increase.
Obama utilized a key strategy that the White House previously used during a fight over the payroll tax. He is aiming to place pressure on House Republicans by reminding them that the Senate had already passed a measure to extend Bush-era tax rates on the first $250,000 of income for married couples. As both sides continue to negotiate a different deal, they could act immediately to insure that "98% of Americans" will continue to pay the same amount of taxes they are currently paying. President Obama has insisted on increasing income taxes for those making $250,000 and more to the same level it was under President Clinton: "I've got the pen ready to sign the bill right away. I'm ready to do it."
In what is predicted to be a heated battle with Republicans during a lame-duck session of Congress, the president's remarks coming three days after he secured re-election were the initial White House salvo over taxes and spending. Although Obama stated that it was "time to get back to work" after a long election battle, there were other suggestions of an ongoing campaign. Joined by Vice President Joe Biden, Obama spoke in front of an audience that a White House official described was filled with middle-class Americans who support the president's approach on cutting the national deficit by raising income taxes for upper-middle class Americans. As President Obama said, "What the American people are looking for is cooperation, they're looking for consensus, they're looking for common sense. Most of all, they want action. I intend to deliver for them in my second term, and I expect to find willing partners in both parties to make that happen.
Obama and House Speaker John A. Boehner both claimed that they would seek compromise, even as Obama insisted voters offered a mandate for his red-line on taxes. This past Friday, Boehner said tha the continued to favor tax reform that would lower overall rates: "By lowering rates and cleaning up the tax code, we know that we're gonna get more economic growth. It'll bring jobs back to America. It'll bring more revenue." Boehner further argued that allowing the tax rates on higher income levels to go up in the new year would hurt small-business owners, which "would slow down our economy."
Despite the ongoing debates between Democrats and Republicans, President Obama stated that he would look forward to discussing plans in detail next week and "was encouraged to hear Speaker Boehner agree that tax revenue has to be part of this equation."
About FederalTaxResolution.com:
FederalTaxResolution.com is the third tax resolution Internet company. They have worked hard to lead the way in Internet tax resolution through the highest standards and services. Federal Tax Resolution helps its struggling clients by receiving only a small retainer fee for its services initially, rather than the entire free upfront.
For more information visit :
http://www.federaltaxresolution.com
Contact Info:
Name: Federal Tax Resolution
Email: info@federaltaxresolution.com
Company Name: Federal Tax Resolution
Street Address: 264 Ashland Drive
Country: United States
State: Oregon
City: Ashland
Zip Code: 97520
Phone Number: 1-888-689-7861
Fax: n/a
###