Newly-elected President Barack Obama will be launching a much needed discussion this week in order to gather the support he needs for his proposals on solving U.S. fiscal problems. The meeting with several business executives will be done at the White House but he’ll be visiting Pennsylvania with the said executives to press his proposals.
The U.S President have thought of going in on the offensive ever since he was re-elected on November 6 against the Republicans over the "fiscal cliff". The said term is a combination of increases in tax as well as spending cuts that would likely be in effect next year if the two opposing sides don’t come up with a decision.
As part of the President’s effort, the White House have reported on Monday the changes that made an impact with middle class tax increases on everyday consumers as well as with the retail industry.
A White House official said that on Tuesday, President Obama will meet with a group of executives who own small businesses. For the next day, he’ll host an event inviting the "middle class citizens of the U.S who will be affected if ever the Congress have not enacted to extend the tax cuts for the middle class," the official reported. Lastly, the President will hold a meeting with the same business leaders. This is something that he has done in the past.
The President will also visit a Rodon Group manufacturing facility on Friday. The said company is a small business that manufactures for K'NEX Brands. K’NEX is a toy company with products that include Tinkertoy and the ever-popular Angry Bird Building Sets.
"The president will travel to Montgomery County, Pennsylvania, to continue making the public case for action by visiting a business that depends on middle class consumers during the holiday season, and could be impacted if taxes go up on 98 percent of Americans at the end of the year," the official said.
Obama's visit and his meetings at the White House are designed to put pressure on congressional Republicans to extend tax cuts for middle-income people while ending them for families who make more than $250,000 a year.
Gaining the support of the business community is a key part of Obama's strategy. Reinforcing that, the White House released an analysis by its National Economic Council that said millions of small-business owners would suffer if the middle class taxes went up next year.