Democrats responded that the Ryan proposal would harm economic growth by shifting the burden of deficit reduction to middle-class Americans, the elderly and others, while cutting spending for college loans, infrastructure development, scientific research and other areas vital for job creation.
Obama made such an approach a central campaign theme in winning re-election last year, arguing Republican proposals that focus on spending cuts alone would put most of the burden of deficit reduction on the middle class, the elderly, the poor and disabled.
Obama and Democrats argue that increased revenue, including higher tax rates on the wealthy, must be part of broader deficit reduction to prevent the middle class from getting hit too hard.
Obama and Democrats argue that increased revenue, including higher tax rates on the wealthy, must be part of broader deficit reduction to avoid the middle class from getting hit too hard.
On Tuesday, Obama held a campaign-style event at the White House to call for balancing the impact of deficit reduction so that the middle class and vulnerable citizens such as the elderly don't get hit too hard.
Flanked by firefighters and other emergency responders at a campaign-style event on Tuesday, Obama called for balancing the impact of deficit reduction so that the middle class and vulnerable citizens such as the elderly don't get hit too hard.
They voted to let the entire burden of deficit reduction fall squarely on the middle class.
"They voted to let the entire burden of deficit reduction fall squarely on the middle class, " he said of his rivals, in a statement on Thursday.
"(It) will be very long on policy and will be a great plan, with a major reduction in taxes for the middle class, " Trump said at a town hall meeting in Columbia, South Carolina, at the University of South Carolina.
CNN: Donald Trump to unveil his tax plan next week - CNNPolitics.com
And he hopes that the Republicans will join him on that path and achieve this -- take advantage of this opportunity and lock in a plan that would achieve significant deficit reduction, would protect the middle class, and would help our economy.
And it represents his belief about how we can achieve the kind of revenue that's necessary for a balanced package in a way that ensures that we don't put all the burden for long-term deficit reduction on seniors or the middle class or other vulnerable communities.
Even as we negotiate a broader deficit reduction package, Congress should extend middle-class tax cuts right now.
WHITEHOUSE: Weekly Address: Extending Middle Class Tax Cuts to Grow the Economy | The White House
He has been committed to seeking a broad deficit-reduction deal, one that protects the middle class, one that achieves balance and is good for our economy.
Finally, the settlement dictated that if the judge refused to award fees to the lawyers, or cut the amount, the reduction stayed with the defendant instead of going to the class.
FORBES: Headset Settlement That Paid Lawyers, Not Clients, Is Rejected
In particular, Obama called for Congress to come back after Christmas and work with him on a limited agreement to prevent tax hikes on the middle class, extend unemployment insurance and set a framework for future deficit reduction steps.
CNN: Down to the fiscal cliff wire, with no solution in sight
At Dow Jones the Bancrofts control 64% of the votes versus 25% of the stock, which translates into a 26% reduction from what the company would be worth with a single class of stock, she estimates.
At Dow Jones the Bancrofts control 64% of the votes vs. 25% of the stock, which translates into a 26% reduction from what the company would be worth with a single class of stock, she estimates.
But deficit reduction cannot come at the cost of economic growth or middle-class security.
He said his firm would put in place an "attractive" fare structure, including a 15% reduction in standard tickets and new categories of fares, including a new class between standard and first.
But what I can't do is ask middle-class families, ask seniors, ask students to bear the entire burden of deficit reduction when we know we've got a bunch of tax loopholes that are benefiting the well-off and the well-connected, aren't contributing to growth, aren't contributing to our economy.
WHITEHOUSE: President Obama Makes a Statement on the Sequester
It is the clear intent of the Senate Budget that the savings found by eliminating loopholes and cutting unfair and inefficient spending in the tax code not increase the tax burden on middle class families or the most vulnerable Americans who already have sacrificed greatly in recent deficit reduction efforts.
If they want those members who believe that we should achieve deficit reduction only on the backs of senior citizens and vulnerable Americans and the middle class, they need to explain that.
This reduction in inequality has a racial component, because 75% of the new middle class is non-white.
His goal is to try to find an agreement with Republicans that strengthens and protects the middle class, that helps our economy grow, that helps to create jobs and that achieves the deficit reduction that also will help our economy grow and create jobs in a balanced way.
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