April 2nd, 2012
02:21 PM ET
(CNN) – President Obama is set to hit back against Rep. Paul Ryan’s budget proposal Tuesday, less than a week after the controversial measure was approved by the House of Representatives largely along partisan lines.
According to senior administration officials, the president’s remarks at an Associated Press luncheon in Washington will echo the themes of economic fairness and shared responsibility the president advanced during a speech in Osawatomie, Kansas last fall and again at the State of the Union in January.
But this time, the president will push back on the Ryan plan specifically, largely because the measure has been praised by the Republican presidential candidates and Ryan himself campaigned for leading candidate Mitt Romney over the weekend. Moreover, these senior White House officials say, Americans are likely to oppose the plan when they learn of the deep cuts to popular entitlement programs it calls for.
The speech is the latest effort by the president to frame the upcoming election as a defining choice over which direction the economy goes, senior administration officials also say. Obama will argue that should a future Republican president enact a budget that resembles Ryan’s plan, middle class Americans will be hit especially hard and the fragile economic recovery is likely to regress.
He will also again press for the so-called “Buffet Rule,” a proposal that so far hasn’t gained significant traction in Congress. Under the proposal, all Americans making over $1 million would pay at least a 30 percent tax rate, regardless of whether their income constituted capital gains or not. Obama will speak about the measure in the broader context of tax reform, but will also express support for an upcoming Senate vote that addresses the proposal specifically.
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