The White House just issued a statement declaring President Obama’s intention to veto H.R. 3630. It’s short and to the point and posted in full below; if you want more details about the flaws in the bill, you can read our posts about it.
STATEMENT OF ADMINISTRATION POLICY
H.R. 3630 – Middle Class Tax Cut Act of 2011 (Rep. Camp, R-Michigan, and 5 others)
The Administration strongly opposes H.R. 3630. With only days left before taxes go up for 160 million hardworking Americans, H.R. 3630 plays politics at the expense of middle-class families. H.R. 3630 breaks the bipartisan agreement on spending cuts that was reached just a few months ago and would inevitably lead to pressure to cut investments in areas like education and clean energy. Furthermore, H.R. 3630 seeks to put the burden of paying for the bill on working families, while giving a free pass to the wealthiest and to big corporations by protecting their loopholes and subsidies.
Instead of working together to find a balanced approach that will actually pass both Houses of the Congress, H.R. 3630 instead represents a choice to refight old political battles over health care and introduce ideological issues into what should be a simple debate about cutting taxes for the middle class.
This debate should not be about scoring political points. This debate should be about cutting taxes for the middle class.
If the President were presented with H.R. 3630, he would veto the bill.