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When it comes to the deficit.
Regarding agreed to more than two trillion dollars in cuts in -- Well we need to do more.
And that means making choices.
Right now were poised to spend nearly one trillion dollars more on what was supposed to be a temporary tax break.
For the wealthiest 2% of Americans.
Right now because of loopholes and -- shelters in the tax code.
A quarter of all millionaires -- lower tax -- spent millions of middle class households.
Right now Warren Buffett pays a lower tax rate than his secretary.
Do we want to keep these tax cuts for the wealthiest Americans or.
Do we want to keep our investments -- everything else.
And medical -- search.
A strong military.
And care for our veterans.
Because -- more serious about paying down our debt we can't do -- The American people.
Know what the right choices.
-- -- As I told the speaker of the summer.
I'm prepared to make more reforms the rain and the long term costs of Medicare and Medicaid.
And strengthen Social Security so long as those programs remain a guarantee of security for -- But in return.
We need to change our tax code so that people like me an awful lot of members of congress.
Pay our fair share of taxes.
Tax reform should -- the -- world.
If you make more than a million dollars a year.
You should not pay less than 30% in Texas.
And my Republican friend Tom Coburn is right Washington should stop subsidizing millionaires.
In fact if you're earning a million dollars a year you shouldn't get.
Special tax subsidies or deductions.
On the other hand.
If you make under 250000.
Dollars a year like 98%.
Of American families.
Your taxes shouldn't go up.
You're the one struggling.
-- the ones who need relief.
You can call this class warfare all you want.
But asking a billionaire to pay at least as much as a secretary in Texas.
Most Americans would call that common sense.
We don't begrudge financial success in this country.
We admire it.
When Americans talk about folks like me paying my fair share of taxes.
It's not become break and be the rich.
Is because they understand that when I get a tax break I don't need in the country can't afford.
It either adds to the deficit.
Or somebody else has to make up the difference.
Like a senior on a fixed income.
-- trying to get through school and her family trying to make ends meet.
That's not right.
Americans know that's not right.
They know that this generation success is only possible because past generations felt a responsibility to each other.
And in the future of the country.
And they -- our way of life will only indoor.
If we feel that same sense of shared responsibility.
That's how we'll reduce our deficit.
That's an America built to last.
Not recognize the people watching tonight.
Differing views about taxes and that.
Energy and health care.
But no matter what party they belong to.
I -- most Americans are thinking the same thing right about now.
Nothing will get done in Washington this year.
Or next year.
Or maybe even -- to act.
Because Washington is broken.
Can you blame them for feeling a little cycle.
The greatest blow to our confidence and in our economy last year didn't come from events beyond our control.
It came from a debate in Washington over whether the United States.
Would pay its bills or not.
Who benefited from that fiasco.
I talk tonight about the deficit of trust between main street and Wall Street.
But the divide between the city and the rest of the country is at least as bad.
And it seems to get worse every year.
Some -- has to do with the corrosive influence of money in politics.
-- together let's take some -- -- -- Send me a bill.
The -- insider trading by members of congress I will sign it tomorrow.
Any elected official from -- stocks and industries may impact.
Let's make sure people who bundle campaign contributions for congress can't lobby congress.
And vice Versa.
And I dividend bipartisan support.
At least outside Washington.
Some of what's broken have to do with the way congress does its business these days.
A simple majority is no longer enough to get anything.
Even routine business pass through the senate.
Neither party has been blameless in these tactics.
Now both parties should put an end to it.
For starters I asked the senate to pass.
A simple -- But all judicial and public service nominations received a simple up or down vote within ninety days.
The executive branch also needs to change.
-- -- -- -- -- That's why I've asked this congress to grant me the authority to consolidate federal bureaucracy.
-- that our government has later.
Quicker and more responsive to needs of the American people.
Finally none of this.
Once we also lower the temperature in this time.
We need to and the notion that the two parties must be locked in a perpetual campaign of mutual destruction.
The politics is about clinging to rigid ideologies.
Instead of building consensus around common sense ideas.
I'm a Democrat.
But I believe what Republican Abraham Lincoln -- The government should do for people only what they cannot do better by themselves and no more.
My my education reform offers more competition and more control.
For schools and states.
That's why we're getting rid of regulations don't work.
That's why our healthcare -- relies on a reformed private market not a government program.
On the other hand even my Republican friends who complain most about government spending have supported federally financed roads and clean energy projects and federal offices for the folks back home.
The point is that we should all want a smarter.
More effective government.
And while we may not be able to bridge our biggest philosophical differences this year.
We can make real progress.
Whether without this congress.
I will keep taking actions that help the economy -- But I can -- a whole lot more -- your help.
Because when we act together.
There's nothing the United States of America can achieve.
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