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Saturday, December 9, 2023
HomeNewsPoliticsObama’s Weekly Address Touts So-Called ‘Middle Class Economics’ (Video)

Obama’s Weekly Address Touts So-Called ‘Middle Class Economics’ (Video)

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In his weekly address, President Obama introduced a plan he claims will give “hardworking families the support they need to make ends meet,” advocating policies that allegedly benefit the middle class and “those working to reach the middle class.”

The president reiterated his free community college program, which has been thoroughly criticized by economists and commentators, as well as a plan to close loopholes that benefit the wealthy. Republicans have long-advocated for tax reform, and there is bipartisan support for lowering taxes across the board and simplifying the tax code.

“Through common-sense proposals like closing loopholes that benefit the wealthy and providing tax relief to the middle class, making two years of community college free for responsible students, strengthening paid leave policies and access to quality child care for working families, and raising the minimum wage, we can ensure that everyone benefits from, and contributes to, America’s success,” said David Hudson, associate director of content for the Office of Digital Strategy.

However, because the president insists on adding a slew of new taxes on the wealthy, as well as the middle class, the proposal has little chance of passing the new Republican Congress.

“Middle-class economics is working, and we have laid a new foundation,” Hudson added. “But there is still progress to be made, and the president said he is eager to get to work.”

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