Levin Statement on Obama’s Deficit Reduction Package

The following press release was published by the U.S. Congress Committee on Ways and Means on Sept. 19, 2011. It is reproduced in full below.

WASHINGTON - Ways and Means Ranking Member Sander Levin (D-MI) today made the following statement after President Obama put forward his deficit reduction proposal:

“President Obama is right to demand a balanced approach to deficit reduction that asks more from the very wealthiest Americans. Anything short of such a request ignores the fact that the top 1 percent of earners have grabbed the lion’s share of income growth in recent decades while the salaries of most Americans have stalled. Poll after poll shows that Americans overwhelmingly support a balanced approach to deficit reduction that asks a little more of those who can most afford it."

Source: U.S. Congress Committee on Ways and Means