WASHINGTON President Barack Obama exhorted Congress on Monday to make passing a long-languishing small business aid package its first order of business when it returns next month from its summer break.
"I ask Senate Republicans to drop the blockade," Obama said in the Rose Garden after meeting with his economic advisers.
Acknowledging that the economy still remains extremely fragile, the president said hed also have other specific ideas in the days ahead.
He mentioned extending Bush tax cuts due to expire this year for households making under $250,000 a year, upping the nations investment in clean energy, rebuilding more roads and highways and tax cuts designed to keep jobs in the U.S.
"My economic team is hard at work identifying additional measures that could make a difference in both promoting growth and hiring in the short term and increasing our economys competitiveness in the long term," he said.
In a week likely to be dominated by foreign policy, Obama is trying to show hes still minding the economy after his 10-day vacation in Marthas Vineyard.
A string of weak economic reports in recent weeks has fed fears that the economy would fall back into recession, only slightly offset by Mondays government report that consumer spending had increased in July after four down months.
"Every single day, Im pushing this economy forward, repairing the damage thats been done to the middle class over the past decade and promoting the growth we need to get out people back to work," Obama said in his statement.
Obama said action on the package of small business tax cuts and credit incentives is "one thing we know that we should do" as soon as possible. Republicans have been blocking the bill, calling it misguided.
However, Obama said it was being "held up by a partisan minority that wont even let it get to a vote."
"The bill is fully paid for. And theres no reason to block it besides pure partisan politics," he said.
Posts
0 comments:
Post a Comment