Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
December 28, 2014

Obama Goes Populist (Video)

491358061 445x293 Obama Goes Populist (Video)

 (Alex Wong/Getty Images)

With midterm elections just around the corner, President Barack Obama is sharpening his populist rhetoric against the GOP.

In his weekly address, Obama accused Republicans of backing big new tax breaks for millionaires while cutting transportation grants that have created jobs.

He also spotlighted the looming expiration of transportation programs, potentially putting projects on hold.

“If Congress fails to act, nearly 700,000 jobs would be at risk over the next year,” he said.

“That’s why I put forward a plan to rebuild our transportation infrastructure in a more responsible way. It would support millions of jobs across the country. And we’d pay for it without adding to the deficit by closing wasteful tax loopholes for companies that ship jobs overseas.”

Obama said Republicans instead haven’t acted to extend the transportation program, although Senate Democrats haven’t yet acted either.

Republicans are proposing to cut a specific transportation grant program by 80 percent, he said.

“They can’t say it’s to save money, because at the very same time, they voted for trillions of dollars in new tax cuts, weighted towards those at the very top,” he said.

“Think about that. Instead of putting people to work on projects that would grow the economy for everyone, they voted to give a huge tax cut to households making more than $1 million a year.”

The House GOP budget authored by Budget Chairman Paul D. Ryan, R-Wis., proposes keeping tax revenue flat by cutting the top income tax rate from 39.6 percent to 25 percent, among other changes, and paying for it by eliminating tax breaks. That would slash tax bills for many millionaires.

It’s not clear where Obama gets his figure that Republicans are proposing “trillions” in new tax breaks, given that Ryan’s budget is revenue neutral.

Republicans since adopting the budget have, however, turned around and proposed hundreds of billions in permanent extensions of popular business tax breaks. Obama has threatened to veto the first bill.

Obama didn’t mention his decision not to threaten a veto on Senate Democrats’ $85 billion tax cut bill, which would largely benefit corporations.

Obama said that he’s doing what he can without Congress by cutting red tape for new transportation projects.

  • mrmano_0

    Democratic Populists using plight of veterans to further their rage against the unemployed…and…then killing them in VA Hospitals…where is obama??…OBAMA HATES VETERANS!!!…Reid takes his marching orders from someone..

    http://www.theblaze.com/storie

  • mrmano_0

    Almost as funny as Reid’s lie about jobs lost during the “govt shutdown”…1.6 million??…er…not so much Harry…..but….let’s believe Obama on this one!!.

  • mrmano_0

    Obama = Big…fat…Liar….er??…where is mention of EUC??…oh..that’s right…the unemployed are no longer useful to his agenda…except…they help the dropping TUR come this Fall…..He sends a big “thank you” to the the Long Term Unemployed and their growing pool….you are helping Obama look good..

  • papal

    I see another campaign in the near future for Oblahblah. and it is the only thing he does well. Oblahblah pool of believers is shrinking so who knows how many will still be listening.

  • darrell_b8

    Hey, Pres….where is my $2500 insurance premium reduction check you PROMISED?

  • left wing

    the great divider once again spreading his hate and lies.

  • Lister Eane

    Considering that public opinion is susceptible to being hijacked by those who harbor nefarious intentions, we should remember that majority decisions cannot guarantee morality, liberty, or prosperity.

  • Nat Ional

    Adam Smith noted that one of the benefits of individualism is that its derived Constitutions attempt to minimize the harm which bad men can do.

Sign In

Forgot password?

Or

Subscribe

Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...