The Tea Party Express is a Republican group associated with the Koch brothers. In a prepared statement, chief strategist Sal Russo denounced the $447 billion plan.
“Despite his rhetoric, Obama has repeatedly failed to deliver a plan with substance or meaningful action, but continually threatens those doing the real work with higher taxes and more government regulation,” Russo said. “In speech after speech, the president disparages plans put forth to grow the economy, yet has failed to actually put pen to paper and submit a tangible document himself. The single notable exception was his disastrous budget proposal, which failed to garner even a single vote in Harry Reid’s Democrat-led Senate.”
In the speech, the president outlined a plan that included tax breaks for businesses, hiring credits, extension of unemployment benefits and tax breaks for families. The bill will be paid for by additional cuts, to be found by the bipartisan, bicameral Budget Super Committee. The Super Committee is due to announce its solution in November.
“Pass this jobs bill, and starting tomorrow, small businesses will get a tax cut if they hire new workers or raise workers’ wages,” Obama urged in the speech. “Pass this jobs bill, and all small business owners will also see their payroll taxes cut in half next year. If you have 50 employees making an average salary, that’s an $80,000 tax cut. And all businesses will be able to continue writing off the investments they make in 2012.
“It’s not just Democrats who have supported this kind of proposal. Fifty House Republicans have proposed the same payroll tax cut that’s in this plan. You should pass it right away.”
While Obama’s plan focused on the coming days and weeks, the Tea Party Express looked to 2012 for a solution.
“We at the Tea Party Express realize that Obama will continue his pattern of failure, and the only answer is for the tea party movement to work hard to put a capable conservative in the White House in November 2012,” Russo said.
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