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President Obama Speaks to the Business Roundtable

 

 

Megan Slack
By Megan Slack December 05, 2012 The White House Blog

 

Today, President Obama spoke to members of the Business Roundtable, an association of CEOs of American businesses, and reiterated his plan to extend tax cuts for middle-class families.

 

He explained how preventing tax cuts for middle-class families is good for business leaders as well as the broader economy.

 

 

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President Barack Obama delivers remarks and takes questions from business leaders at the quarterly meeting of the Business Roundtable at the BRT in Washington, D.C., Dec. 5, 2012. (Official White House Photo by Pete Souza)

 

 

“If the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well,” he said. “If companies in this room are doing well, then folks get jobs, consumers get confidence, and we’re going to be able to compete around the world.”

 

The President said that a bringing down our deficits in a balanced way means cutting spending as well as raising revenue through higher tax rates on the wealthiest Americans — which would include some members of the Business Roundtable.

Let’s allow higher rates to go up for the top 2 percent — that includes all of you, yes, but not in any way that’s going to affect your spending, your lifestyles, or the economy in any significant way; let’s make sure that 98 percent of Americans don’t see a single dime in tax increases next year, 97 percent of small businesses don’t see a single dime in tax increases next year — and by doing that alone we raise almost a trillion dollars without any adverse effects on the economy.

Read the President’s full remarks here.

 

 

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December 06, 2012 5:00 PM EST

President Obama and First Lady Attend the National Christmas Tree Lighting

The White House

 

Watch Live Here

 

 

 

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White House Schedule: Thursday, December 6 2012 All Times ET

 

 

 

9:30 AM: The President and the Vice President receive the Presidential Daily Briefing.

11:30 AM: Press Briefing by Press Secretary Jay Carney.
1:35 PM: The President visits a middle class family to discuss the importance of extending income tax cuts for 98% of Americans and 97% of small businesses.
Northern Virginia, Private Residence
5:05 PM: The First Family attends the National Christmas Tree Lighting; the President delivers remarks.
The Ellipse

 

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