Today, President Barack Obama and Congressman John D. Dingell (D-MI15) visited the Daimler Detroit Diesel plant in Redford, Michigan, where Martin Daum, President of Daimler Trucks North America, announced that the company would be investing $120 million in its Southeast Michigan engine plant. The investment will create 115 new union jobs, encourage innovation, and expand production for the heavy-duty vehicle manufacturer.
President Obama applauded Daimler Trucks' investment decision and spoke about his plan to build up middle class families and small businesses in Michigan, at a time where Governor Snyder plans to sign Right to Work legislation that will significantly hurt the hardworking men and women in our state.
"Supporting President Obama's tax plan is just good, plain common sense," said Dingell. "His plan will see to it that middle class families -- particularly here in Michigan -- aren't hit with higher tax bills next year. Under the President's plan, 97.5 percent of American small businesses will not see their taxes raised. By holding out for more tax cuts for the wealthy, Republicans are holding the well-being of this country's middle class hostage and jeopardizing its economic recovery. The time to compromise and put the good of the Nation first has come, and I call on Congress to do the right thing and give a clear sign of their support for the middle class."
According to a new White House report, income taxes are scheduled to go up for 3.7 million middle class Michigan families on January 1, 2013, when tax cuts such as the expanded Child Tax Credit, the 10 percent tax bracket, marriage penalty relief, and the American Opportunity Tax Credit for college expire. Congressman Dingell continues to support the President, and urges House Republicans to permit action on this plan immediately.
If House Republicans do not bring the President's plan to a vote, the average middle class Michigan family could face a tax hike of $2,200 or more in 2013.