Quote by Barack Obama
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.
Summary
This quote highlights a decision by the speaker to support an extension of tax cuts for the wealthiest Americans temporarily, as a means to prevent tax increases for the middle-class population. However, the quote also expresses the speaker's belief that continually providing such substantial tax cuts for millionaires and billionaires is economically unsustainable, emphasizing the inability to afford $1 trillion worth of tax cuts for the elite. As a result, the speaker firmly declares their refusal to renew these tax cuts in the future.
Topics
Society
By Barack Obama
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