Dem lawmaker stays opposed to any tax increase

Sen. Joe Manchin (D-W.Va.) reiterated his opposition to raising taxes for wealthy Americans hours after President Obama's speech on reducing the deficit.
 
Responding to Obama's speech Wednesday, in which the president laid out his plan for reducing the deficit by $4 trillion over the next twelve years, Manchin released a statement voicing opposition to raising taxes for incomes higher than $250,000.
 
“Although the President raised many important fiscal issues, I will continue to strongly oppose efforts to hike taxes on American families and small businesses making $250,000," Manchin said.
 
"Before we ask middle class families, or any American, for more of their hard-earned money, we need to first show them that their government can spend their money wisely. We haven’t done that yet," he said.
 
Manchin also stressed his opposition to raising the debt ceiling. Democrats have recently argued that not voting to raise the debt ceiling before the debt limit is reached this summer could hurt the country's economy.
 
“So let me also continue to be clear about my position on the debt ceiling," Manchin said "I strongly believe we must adopt a long-term, responsible and realistic fiscal plan that reflects our values and defines priorities, or I will vote against raising the debt ceiling.”
 
Part of Obama's deficit reduction plan involves raising taxes on Americans in the top income bracket. In Obama's speech he said he would finally fulfill a campaign promise to let the Bush era tax cuts expire, including the ones on the wealthiest Americans.

In December Obama allowed the extension of the tax breaks, as part of a deal with Republicans. Obama also said he would eliminate popular tax loopholes for the wealthy.
 
“We cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society, and I refuse to renew them again,” Obama said in the speech.