CHATTANOOGA, Tenn. (July 30, 2013) – Tennessee’s House Democrats are applauding President Barack Obama’s speech in Chattanooga on the need to reinvest in building a strong, sustainable middle class.
“We are so proud that President Obama chose Tennessee to present his vision for cutting taxes and investing in job growth,” said House Democratic Caucus Chairman Mike Turner. “Under the leadership of Governor Bredesen, House Democrats worked to create a mix of incentives and lower taxes that attracted companies like Amazon and Volkswagen to Tennessee. We are happy to see President Obama use this model of success as the basis for his proposals to expand the middle class.”
The President’s plan, labeled the Grand Bargain 2.0 by some, would involve reforming and lowering the tax code for businesses in order to increase our global competitiveness. The President’s plan will remove incentives to locate overseas and encourage manufacturing in the United States through lower and more simplified taxes. In addition, the plan will increase investments in infrastructure and higher education programs that will train Tennesseans for the jobs of the 21st Century.
“I can’t say enough how great it was to have President Obama choose Chattanooga to present his plan to grow the middle class,” said Rep. Joanne Favors (D-Chattanooga). “Instead of launching attacks, President Obama is offering solutions. I truly hope that Republicans will put aside their partisan differences and work with the President to help the people of Chattanooga, Tennessee, and the United States. President Obama offered bipartisan solutions for expanding our economy, now we just need bipartisan leadership to see it gets done.”