A Better Bargain for the Middle Class: Jobs & The Economy

A Better Bargain for the Middle Class: Jobs & The Economy


The President:
Here’s the bottom line: If folks in Washington
really want a grand bargain, how about a grand bargain
for middle class jobs? (applause) I don’t want to go through
the same old arguments where I propose an idea and the Republicans just
say no because it’s my idea. (applause) So — (applause) So I’m going to try offering
something that serious people in both parties should
be able to support, a deal that simplifies the
tax code for our businesses, and creates good jobs with good
wages for middle class folks who work at those businesses. Our tax code is
so riddled with loopholes and special interest tax breaks that a lot of companies
who are doing the right thing and investing in America pay 35 percent in their taxes; corporations who’ve
got fancy accountants and stash their money overseas, they pay little or
nothing in taxes. That’s not fair. That’s not good for
the economy here. So I’m willing to
simplify our tax code, closes those loopholes, ends incentives to
ship jobs overseas, lowers the rates
for businesses that are creating jobs
right here in America, provides tax incentives
for manufacturers that bring jobs home
to the United States, let’s simplify taxes for
small business owners, give them incentives to invest
so they can spend less time filling out complicated forms,
more time expanding and hiring. I’m willing to do all that, that
should help businesses and help them grow, but if we’re going to
give businesses a better deal, then we’re also going
to have to give workers a better deal too. I want to use some
of the money that we save by closing these loopholes to create more good
construction jobs with infrastructure initiatives
that I already talked about. We can build a broader network
of high-tech manufacturing hubs that leaders from both
parties can support. And because nobody who works
full-time in America should have to live in poverty, I’m going to keep on
making the case and fighting for the fact that we need
to raise our minimum wage because right now it’s
in lower terms than it was when Ronald Reagan took office. (applause) We can help our community
colleges arm our workers with the skills that a
global economy demands. All these things would benefit
the middle class right now, and benefit our economy
in the years to come. I’m willing to work
with Republicans on reforming our
corporate tax code as long as we use the money from transitioning to
a separate tax system for a significant investment
in creating middle class jobs. That’s the deal. (applause) So let’s get serious.

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