I will veto this bill because it is wrong for Medicare, wrong for Social Security, wrong for education and wrong for the economy. The President's veto was long anticipated. He warned congressional Republicans, as they debated the tax cut plan back in July, that he would not agree to it. Republicans went ahead, nonetheless, passing the plan by a thin, mostly party-line margin. But they delayed sending the bill to the President until last week, hoping to stir more public support for it.
High taxes are an infringement on the liberty of our families.
This was a broad tax relief package that would provide relief to married families, to women to go back into the workplace, for education in America, for low income Americans. It is a good bill. And I regret the president has stolen this tax cut from working American families. I'll tell you, this Congress is not going to throw in the towel on tax relief for the American people. We will have another tax bill in this Congress.