Obama hits the road to make case on tax rates

11:00 AM, Nov 30, 2012   |    comments
President Obama
  • Share
  • Print
  • - A A A +

President Obama is taking to the road today to make his case for adopting his plan to avert the "fiscal cliff."

Obama will visit the toy manufacturer, the Rodon Group, a company in the Philadelphia suburbs that is the sole U.S. manufacturer for K'NEX Brands, a construction toy company whose products include Tinkertoy and Angry Birds Building Sets.

The trip comes one day after Treasury Secretary Timothy Geithner met with Congressional leaders and presented a plan that included $1.6 trillion in higher taxes over the next decade, while maintaining the George W. Bush-era tax cuts for the middle class. That offer was flatly-rejected by Republican leadership, which opposes hiking taxes for any Americans.

Republicans have cast the trip as a campaign-style ploy, and the Republican National Committee grumbled in a memo this morning that the "election is over."

With his trip to the Rodon Group manufacturing facility in Hatfield, Pa., look for Obama to showcase the company as one that would be hurt if Republicans don't go along with his plan that calls for taxes to increase for the wealthiest Americans, while maintaining the Bush-era rates for American households making less than $250,000.

By visiting a toy manufacturer less than four weeks before Christmas Day, Obama has found an ideal backdrop to argue that Congress should immediately agree to extending tax rates for middle class Americans. If there isn't clarity on the matter, the White House suggests Americans might close their wallets in the midst of the holiday season.

"As we move into the holiday season, Democrats and Republicans should come together to renew middle class tax cuts so families have more certainty at this critical time for our economy," the White House said in an e-mail to reporters. " If we act quickly, we can prevent a hit to consumer spending which is roughly 70% of the U.S. economy. That's good for middle class families and it's important for businesses like The Rodon Group."

Most Watched Videos