President Obama Answers #My2k Questions on Twitter

[Sunlei]

If Congress doesn’t act, a typical middle-class family will see their taxes go up by about $2,000. Last week, President Obama began calling on Americans to make their voices heard and share what $2,000 means to families across the country.

And today, the President connected directly with the Americans who are speaking out about these tax cuts. During a live Twitter Q&A from the Roosevelt Room of the White House, President Obama explained why Congress must act and encouraged people around the country to continue to adding their voices to the debate.


hey guys - this is barack. ready to answer your questions on fiscal cliff & #my2k. Let's get started. -bo

Mr. President, can you assure us that any "fiscal cliff" negotiations regarding entitlement reform will not hurt the most needy? #My2K

.@pmmckenzie we can reduce deficit in balanced way by ending tax cuts for top 2% + reforms that strengthen safety net & invest in future -bo
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Mr. President, why won't keeping tax rates low across the board encourage more hires and therefore more tax revenue?

.@mike5673 high end tax cuts do least for economic growth & cost almost $1T. extending middle class cuts boosts consumer demand & growth -bo
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@BarackObama #My2k As a recent college grad w/o a full time job, these cuts wouldn't help me, would they?

.@dontbeaprat cuts w/out revenue = reductions in student loans; work/study & college tax credits expire. Bad for growth. like your hair! -bo

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@whitehouse what is your opposition to taking away deductions for the 2% rather than up the rate? Seems like a reasonable compromise #My2K

.@huntertred not enough revenue, unless you end charitable deductions, etc. less revenue=more cuts in education etc wh.gov/5rTh -bo

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@BarackObama Mr. President, Why not place more emphasis on reducing government spending, than on raising revenues? #My2K #WHChat

.@davidosteen (part 1) already cut $1T+ in gov spending last yr. Discretionary spending lowest as % of GDP since ike.
.@davidosteen (part 2) Open to more smart cuts but not in areas like R&D, edu that help growth & jobs, or hurt vulnerable (eg disabled) - bo

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More at http://www.whitehouse.gov/blog/2012/12/03/president-obama-answers-my2k-questions-twitter