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Saturday, August 30, 2014

Obama Campaigns for Fiscal Cliff Solution at Detroit Factory

President Obama today will speak about the fiscal cliff at Detroit Diesel Corp. Experts expect him to echo sentiments he shared at the Rodon Group in Pennsylvania. Credit: William Ng

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.

 

“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.

Brian Lane

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