Obama will stick to middle-class tax cut
By: Mike Allen
Politico
November 9, 2008 11:53 AM EST
A middle-class tax cut will be one of President-elect Obama’s first proposals after he takes the oath of office, incoming White House Chief of Staff Rahm Emanuel said Sunday.
In the first interview of the first appointee to the new administration, Emanuel told ABC’s George Stephanopoulos on “This Week” that Obama’s economic plan “at this juncture is based on giving 95 percent of working Americans a tax cut..”
“Over the years, the middle class has been squeezed consistently by rising costs on education, health care and energy, as well as a diminishing income,” Emanuel said. “You must have an economic program that focuses on them. … It was built on the fact that the middle had been hurt. And to have a strong recovery and a sustained recovery over a period of time means that the middle class must be the focus of the economic strategy.”
Emanuel’s chief message for the day: “We have a huge economic crisis here at home that is looming large. That is going to be the focus of his policies. … The business of what we have to do when we get sworn in is focusing on what the American people care about.. Priority one is the economy.”
During the campaign, Obama promised a $1,000 “Making Work Pay” tax credit.
Politico
November 9, 2008 11:53 AM EST
A middle-class tax cut will be one of President-elect Obama’s first proposals after he takes the oath of office, incoming White House Chief of Staff Rahm Emanuel said Sunday.
In the first interview of the first appointee to the new administration, Emanuel told ABC’s George Stephanopoulos on “This Week” that Obama’s economic plan “at this juncture is based on giving 95 percent of working Americans a tax cut..”
“Over the years, the middle class has been squeezed consistently by rising costs on education, health care and energy, as well as a diminishing income,” Emanuel said. “You must have an economic program that focuses on them. … It was built on the fact that the middle had been hurt. And to have a strong recovery and a sustained recovery over a period of time means that the middle class must be the focus of the economic strategy.”
Emanuel’s chief message for the day: “We have a huge economic crisis here at home that is looming large. That is going to be the focus of his policies. … The business of what we have to do when we get sworn in is focusing on what the American people care about.. Priority one is the economy.”
During the campaign, Obama promised a $1,000 “Making Work Pay” tax credit.
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