Transcript: Obama's Speech To Congress
In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2 percent of Americans. (Applause.) Now, let me be clear -- let me be absolutely clear, because I know you'll end up hearing some of the same claims that rolling back these tax breaks means a massive tax increase on the American people: If your family earns less than $250,000 a year -- a quarter million dollars a year -- you will not see your taxes increased a single dime. I repeat: Not one single dime. (Applause.) Not a dime. In fact, the recovery plan provides a tax cut -- that's right, a tax cut -- for 95 percent of working families. And by the way, these checks are on the way. (Applause.)
As Stephen Colbert astutely points out, the Republicans' labelling of Obama as 'Robin Hood' might not have the desired affect of turning people against him.
Video: Stephen Colbert on President Obama's "Robin Hood tax policies"
STEPHEN COLBERT: Brilliant strategy Republicans, capture the hearts of the the people by comparing Obama to unpopular villain Robin Hood. Yeah, you see... Republicans understand that Americans love law and order. That's why we read those bedtime stories to our kids about that brave Sheriff of Nottingham and his tireless attempt to keep Robin Hood from legalising marriage between Merry men