Obama: Middle-Class Values Means Hiking Taxes on Top 2%

By CNSNews.com Staff | September 9, 2015 | 4:12pm EDT
(AP Photo/Andrew Harnik)

(CNSNews.com) - In a Labor Day speech in Boston on Monday, President Barack Obama explained that his understanding of "middle-class values" means increasing federal taxes on the "top 2 percent" and creating more federal programs.

“Everybody wants to talk about the middle class,” said Obama. “But some folks seem confused about what exactly that means. So let me provide a refresher course.

“For me, for us, middle-class values means providing tax cuts to 98 percent of Americans, but then asking the top 2 percent to pay a little bit more. That’s helping middle-class families,” he said.

“For us, middle-class values means protecting Main Street from another crisis with the toughest Wall Street reforms in history that your senators helped to make happen,” he said. “It means reforming student loans and increasing Pell Grants so every kid can afford a college education. And we’ve got to keep working to make two years of community college free for everybody who’s willing to work for it.

“It means helping 16 million Americans gain the security of health insurance, because nobody in America should have to live in fear of going broke just because they or somebody in their family got sick,” he said. 

“That’s what it means to us to have middle-class values,” he said.

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