Republicans will be responsible for holding the U.S. economy back if they continue opposing President Barack Obama’s job plan and proposals to close tax loopholes, White House adviser David Plouffe said.
“If the American people look to Washington and say ‘you didn’t reduce the deficit,’ there’s only one reason,” Plouffe said in an interview on NBC’s “Meet the Press” program. “It’s because the Republican party here in Washington refuses, through closing tax loopholes, to ask anything more of millionaires and billionaires.”
Obama is laying out measures he can take without congressional approval, such as student-loan and mortgage- refinancing programs, after Senate Republicans blocked his $447 billion package of tax cuts and spending aimed at boosting hiring. Members of the congressional supercommittee seeking a long-term debt-reduction deal over at least $1.2 trillion in deficit cuts remain deadlocked as Democrats insist on tax increases.
Plouffe said he hoped the supercommittee would act “responsively” as the Nov. 23 deadline to agree on a plan nears. With Republican backing to “ask the wealthiest to do a little more” through tax changes, “then we could go a long way to solving this problem.”
Raising taxes on the wealthiest 1 percent of Americans wouldn’t be enough to close the U.S. federal deficit gap, Microsoft Corp. Chairman Bill Gates said on ABC’s “This Week.”
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