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Couple hours ago the White House release of excerpts of the president's speech tonight and it it we're told the president will say and I quote.
I want to speak about how we move forward.
And lay out a blueprint for an economy that's built -- last.
But long before the White House released bits of the speech Republican leaders were already up in arms.
I think you're gonna hear that -- -- singled with a single out congress to be one of them and one of the villains.
And all of this is is an attempt to direct.
Your attention and the attention of the American people away from his record.
From his record over the last three years.
So is that what's happening we'll find out more to little more than an hour but first let's turn to one of the president's six feet from the White House communications director.
Dan Pfeiffer Dan good to -- you is that what he's gonna do say oh I didn't -- -- congress did.
Now absolutely that.
I would encourage.
Congressional leaders and others actually watch the speech and then comment on it he's gonna talk tonight very specifically as you mentioned about a blueprint.
For our economy a blueprint for America built to last is gonna talk about how we create jobs in this country help the middle class and Chevron pays their fair share.
-- he's gonna talk about how we can work our currency and allow those things done our hope is that they will change the past practice in and be willing to join with us to do what's right for the country.
Did you talk about a fair shared it was one of the things we've been hearing for the last couple of days Mitt Romney thirteen point 9% fair share.
Now we weeks and talked for a long time about.
A rate like that as a rate that's less than many in the middle class -- the president legal has talked about.
Absolutely absolutely the issue is -- know what you're gonna pay their fair share we've talked about a principal called the Buffett rule which says.
That millionaires should not pay a lower effective tax rate -- class that simply wrong.
If middle class folks -- working hard -- gonna get by.
Are paying -- a higher rate than people the million us citizen makes sense you're gonna hear more from the president tonight about exactly what the buffer rule will look like -- What it means -- and pay their fair share.
Philip W two employee without a budget -- have a vote so loopholes we gonna pay 39% in net tax bracket but off investments you don't.
Should investments be taxed at the same rate which income -- -- and if so isn't that double taxation.
Now what -- -- weaponized a simple principle essentially a a minimum tax that insurers that.
As I said the millionaires are paying a lower effective tax rate in the than in the -- many millionaires.
More than middle class and that's the right thing but when you have when -- of these loopholes and these deductions the tax code that allow people pay -- in their fair share that's not right it's.
We're not -- other deficits that way were not going to be able to have fun things like education.
Research and development the things that are so critical to helping the middle class succeed we continue to have a situation -- millionaires and billionaires and corporations are paying their fair share.
Present let's address that he's -- talk about it tonight.
Not to speak specifically about anything from the off the record lunch today with the president but Dan I think it's fair to say the -- home was.
He wants people to come away from this speech tonight.
Feeling like a little more optimistic about the future we.
Why should people feel more optimistic based on what they've seen in the past 24 to 36 months.
-- -- This is a hey it's a great country it's a great people we've taken some serious blows and we bounce back.
All the way the president -- office we were losing 700000 jobs a month here on the cusp of -- depression.
We have now gained more than 3.2 million jobs in recent years we've had 22 consecutive months of private sector job growth.
There's much more work to -- but we're making progress and so the question is -- gonna keep doing what works are we gonna build on that are we gonna do more.
Bring them back the same policies that got in this got us into this that you hear from the president on -- tonight.
Dan Pfeiffer at the White House Dan good to see you again thanks very much did -- C -- thank you are more political coverage --
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