Obama accuses GOP of putting US at risk of Scrooge Christmas
Washington: US President Barack Obama has accused Republicans of putting Americans at risk of a “Scrooge Christmas” if tax breaks are not renewed for middle class families in a deal to avert the so-called fiscal cliff.
“This is not some run-of-the-mill debate. This isn’t about which political party can come out on top in negotiations. We’ve got important decisions to make that are going to have a real impact on businesses and families all across the country,” Obama said.
According to ABC News, Obama made his remarks about the negotiations to avert the impending “fiscal cliff” as he stood before piles of toys at the Rodon Group factory, which manufactures Lincoln Logs, K’Nex and Angry Bird toys.
“I’ve been keeping my own naughty and nice lists for Washington. So you should keep your eye on who gets K’NEX this year,” the report quoted him, as saying.
“There are going to be some members of Congress who get them, and some who don’t,” he added.
According to the report, a day after the fiscal cliff talks between the White House and House Republicans took a turn for the worse, Obama admitted there are going to be “some prolonged negotiations” to get the deficit under control.
“We’ve got some disagreements about the high-end tax cuts, right?” he said of his insistence on raising taxes on the top 2 percent as part of a broader deficit reduction deal.
“That’s a disagreement that we’re going to have and we’ve got to sort out. But we already all agree, we say, on making sure middle-class taxes don’t go up. So let’s get that done. Let’s go ahead and take the fear out for the vast majority of American families so that they don’t have to worry about 2,000 dollars coming out of their pockets starting next year,” he added.
More from India
More from World
More from Sports
More from Entertaiment
- Cortana for Android available for public beta in US
- Xiaomi Redmi 2 Vs Redmi 2 Prime: Specification comparisons
- Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg
- Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months
- Watch: Review of Mahindra TUV300