Following his address at the Rodon Group manufacturing facility in Pennsylvania at the end of November, President Barack Obama continued his campaign for a fiscal cliff solution today at a Detroit truck engine plant.
In Pennsylvania, the president outlined his view of a successful fiscal cliff compromise: extending the middle class tax cuts and allowing tax breaks for those making more than $250,000 a year to lapse.
“Just the other day, Congress said if income taxes go up on the middle class, people will spend nearly $200 billion less in stores and online,” the president said at the Rodon K’NEX facility. “That’s not good for our businesses. Congress can pass a law that would prevent a tax hike for 98 percent of Americans, and 97 percent of small businesses wouldn’t see their taxes go up by a single dime, because 97 percent of small businesses make $250,000 or less [annually].”
The president added, “We need champions for American industry.”
During his visit to the Detroit Diesel Corp. facility, Obama revealed that parent company Daimler would be investing $120 million to build a production facility for axles and transmissions, resulting in 115 new jobs for the struggling Detroit job market.
President Obama: Today, Daimler is announcing a new $120 million investment…creating 115 good, new union jobs…right here in Redford.
— White House Live (@WHLive) December 10, 2012
“Daimler Trucks North America will become the first heavy-duty vehicle manufacturer in North America to offer a fully integrated powertrain from one production facility,” Detroit-area ABC affiliate WXYZ said.
Congress and the White House have just 21 days until the first deadlines of the fiscal cliff.