Pres. Obama Speech Before Cabinet Meeting Discussing Taxes (July 26, 2012 - Washington, D.C.)

Author: President Barack Obama

Cabinet Room

2:24 P.M. EDT

THE PRESIDENT:  Well, this is a good opportunity for me to bring my Cabinet together to thank them for the extraordinary work that they’re doing on a whole range of fronts.

You’ve got Tom Vilsack working very hard to make sure that farmers and ranchers are getting help at a time of devastating drought.

You have Secretary Clinton who has been logging more miles than any Secretary of State in history, dealing with a whole range of problems and opportunities around the globe. Obviously, we’re going to be focusing a lot on the situation in Syria and what we can do there to make sure that we reduce the bloodshed.

But a whole range of Cabinet members and obviously my administration is focusing on our economy, and how do we make sure that this is an economy in which people who work hard, who act responsibly, can get ahead.

This is a particular challenge right now -- we’re seeing some of the weaknesses in Europe -- and it is a perfect time for us to focus on what are steps we can take now -- not later, not a year from now, but right now -- to strengthen the middle class, put more people back to work and provide business greater certainty.

And yesterday, the Senate voted to ensure that 98 percent of Americans don’t see their taxes go up next year, that 97 percent of small businesses don’t see their taxes go up next year. It was the right thing to do. It will provide certainty and security to families who are already being pinched because of the economy. It will be good for the economy as a whole.

And now, the only thing that is going to prevent the vast majority of Americans from not seeing a tax increase next year is if the House doesn’t act. We need 218 votes in the House of Representatives -- 218 votes in the House of Representatives -- to make sure that 98 percent of Americans don’t see their taxes go up next year.

And so one of the things that I’m going to be doing, my Cabinet members are going to be doing over the next several days is to make sure that the American people understand that we can provide them certainty right now for next year that their taxes will not go up, and that they will then be able to plan accordingly; small businesses will be able to plan accordingly, knowing that we’ve taken a whole bunch of uncertainty out of the economy at a time when the global economy is experiencing a number of disruptions.

So, again, I would urge the House of Representatives to do the right thing and I’m going to make sure that my Cabinet members amplify that message in the days to come.

Thank you very much, everybody.

Q    Mr. President, can you tell us, if what the Colorado shooter did was entirely legal, how do you do more on this subject without any new laws?

THE PRESIDENT:  Thank you very much. I’m sure we’ll have more opportunity to talk about this.

Q    This afternoon is fine. I’m available.

THE PRESIDENT:  Thanks. I’ll ask Jay for your number. (Laughter.)

END 
2:27 P.M. EDT

DMU Timestamp: June 22, 2012 12:37

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