Higher Taxes on Middle Class Will Lower Consumer Spending

President Obama is committed to  growing our economy from the middle out by ensuring  a strong, secure, and thriving  middle-class. That’s why his top priority is promoting jobs and growth while reducing our deficit in a balanced and responsible way.

Since taking office, President Obama has repeatedly cut taxes for middle-class families to make it easier for them to make ends meet. A typical family making $50,000 a year has received tax cuts totaling $3,600 over the past four years – more if it was putting a child through college.

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