DeFazio praises presidential plan

President Obama made an impassioned address yesterday that called for mutual sacrifice and vowed to veto any bill that cuts big ticket entitlement programs without tax increases.

Fourth District Congressman Peter DeFazio praised the comments… and the president’s proposal that would, in his words, “eliminate loopholes” for the richest Americans.

Peter DeFazio – “Asking millionaires and billionaires to pay a fair share of taxes on their very substantial income will help our country’s incredible deficit crisis and preserve vital programs like Social Security and Medicare.”(click here to listen to the quote)

President Obama laid out his plan to reduce the deficit by increasing fees and taxes while cutting spending yesterday afternoon from the White House Rose Garden.