GOP ’12 Reacts to Obama Deficit Plan

Romney: "President Obama’s plan to raise taxes will have a crushing impact on economic growth."

Bachmann: “President Obama’s definition of a billionaire is a small business owner that’s making $200,000 a year in his business.”

Huntsman: "President Obama continues to demonstrate that he has no new ideas on how to create American jobs."

MITT ROMNEY: PRESIDENT OBAMA HAS NO CLUE HOW TO BRING ECONOMY BACK

Boston, MA – Mitt Romney today issued the following statement on President Obama’s plan to raise taxes:

“President Obama’s plan to raise taxes will have a crushing impact on economic growth. Higher taxes mean fewer jobs – it’s that simple. This is yet another indication that President Obama has no clue how to bring our economy back. I encourage President Obama to look at my detailed economic plan to create long-term growth and prosperity for our nation. The only way to get our economy moving again is to elect a president who understands how to create jobs and rein in spending – that is why I am running.”

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Jon Huntsman's Statement on President Obama's Deficit Speech

Orlando - Jon Huntsman issued the following statement on President Obama's deficit speech:

“President Obama continues to demonstrate that he has no new ideas on how to create American jobs. For two and a half years he's been peddling a version of the Buffett Tax Hike as a key pillar of his failed attempt to tax and spend and regulate this country to prosperity. That simply hasn't worked and it won't work now. President Obama’s veto threats and partisan demands are a poor attempt to camouflage a $1.5 trillion tax hike that is deeply misguided and the latest example of his ineffective leadership on the economy.

"The most important thing Congress and the super-committee can do is deal with the structural problems that are causing our debt and impeding job creation. Meaningful entitlement reform and revenue-neutral tax reform should be priority #1; tax increases should not make the list.

"I recently presented a jobs plan to the American people that dramatically reforms our country’s tax and regulatory system –that’s what we need as a country to create jobs and it's exactly why the Wall Street Journal endorsed my plan. I urge Congress to resoundingly reject the President's $1.5 trillion tax increase and work together on the structural reforms to entitlements and taxes that we so desperately need.”

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