The Real Story of the Obama Economy

In August 2009, President Obama said “You don’t raise taxes in a recession…because that would just suck up, take more demand out of the economy and put businesses in a further hole.” That was then; now the President and Senate Democrats appear willing to let taxes rise on all Americans if they don’t get their way.

Because the president’s policies have failed and are making the economy worse, he cannot plausibly stand on his record. Sadly, the president is instead turning to the politics of division, as we’ve seen for several months now.

House Republicans know that Americans want a solution to our jobs crisis and historically slow economic growth, not division, distraction, or excuses. That’s why we have the Plan for America’s Job Creators, which includes dozens of bills that will grow the economy and create jobs.

That’s why we oppose the president’s plan to raise taxes on small businesses and have voted for fundamental tax reform to get rid of all tax loopholes and make our tax code fairer, flatter, and simpler.

It’s time for President Obama and Senator Reid to stop blocking these bipartisan bills in the Democrat-controlled U.S. Senate. Without fostering economic growth, it will only get worse for hard-working Americans who struggle in President’s Obama’s economy.