President Obama cut taxes for every working American, and is fighting to keep taxes for middle-class families low. Now, he’s working to simplify the tax code while asking millionaires and billionaires to pay their fair share.
President Obama has cut taxes for every working American, saving the typical middle-class family $3,600 in taxes over his first term.
No household making more than $1 million each year should pay a smaller share of their income in taxes than a middle-class family pays.
President Obama knows we can’t simply cut our way to prosperity. His budget includes investments in education, manufacturing, and infrastructure, while bringing discretionary spending to its lowest level as a share of the economy in more than 50 years .
President Obama has put forward a specific, balanced plan of spending cuts and revenue increases that reduce the deficit by more than $4 trillion over the next decade, including $1 trillion in spending cuts he signed into law last summer as part of a deal with congressional Republicans.
