CEDAR RAPIDS, IOWA GRASSROOTS EVENT

July 10, 2012

Dateline: Cedar Rapids, Iowa

Venue Information: Kirkwood Community College

Road Map to Cedar Rapids Grassroots Event

President Obama believes our economy grows from the middle out. That’s why yesterday, he called on Congress to immediately extend the middle-class tax cuts scheduled to expire at the end of this year and prevent a tax increase on the 98 percent of families who earn less than $250,000 a year.  That action would prevent a typical middle-class family of four from seeing their taxes go up $2,200. As President Obama made clear, if both parties agree that middle-class families shouldn’t face a tax increase, there’s no reason to delay providing them with the certainty that they won’t see a tax hike. At the same time, under the President’s plan the tax cuts that benefit only high-income taxpayers will expire. These steps are part of his plan to cut the deficit by more than $4 trillion by ensuring that everyone pays their fair share and cutting waste, so that we can invest in what we need to grow our economy and strengthen the middle class, like education and clean energy.  President Obama has already cut taxes for a typical Iowa family by $3,600 over four years, helping families afford to send their children to college, buy their first home, pay for health care and child care.  These tax cuts also helped the economy recover from the worst financial crisis since the Great Depression.

Previously:

President Obama in Cedar Rapids, Iowa – photos (July 10, 2012)

Iowa – full circle, of sorts (July 11, 2012)

President Obama in Cedar Rapids, Iowa – photos, part 2 (July 11, 2012)