Obama Promotes Tax Cuts In Stimulus
In this weekend's YouTube address, marking the weekend before Tax Day, President Obama promoted the stimulus program's inclusion of targeted middle-class tax cuts.
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"So far, Americans who have filed their taxes have discovered that the average refund is up nearly ten percent this year - to an all-time high of about $3,000," said Obama. "This is due in large part to the Recovery Act. In fact, one-third of the Recovery Act was made up of tax cuts - tax cuts that have already provided more than $160 billion in relief for families and businesses, and nearly $100 billion of that directly into the pockets of working Americans. No one I've met is looking for a handout. And that's not what these tax cuts are. Instead, they're targeted relief to help middle class families weather the storm, to jumpstart our economy, and to bring the fundamentals of the American Dream - making an honest living, earning an education, owning a home, and raising a family - back within reach for millions of Americans."