Isn’t it refreshing when a leader’s ideology remains rooted in the same core principles over time? When President Obama addressed the nation on our budgetary challenges on Friday, he reaffirmed his commitment to ending the deficit-boosting Bush tax cuts for people earning more than $250,000 a year. And, fresh off his decisive win, Obama reminded Republicans that Americans are on his side.
In his first public comment since being reelected, Obama reintroduced his $4 trillion deficit reduction plan and reiterated that solving our budget shortfall will require us to “ask the wealthiest Americans to pay a little more in taxes.” Raising the upper-income tax rate back to the Clinton-era 39% is necessary in order for the nation to make critical investments in education, job training and manufacturing, he said.
Obama did indicate some room for flexibility, saying he was “not wedded” to every point he made during the campaign, and was open to some compromise with Republicans, who still hold the majority in the House (thanks to extensive partisan redistricting).