LOUISVILLE, Ky. – President Barack Obama says the U.S. can’t afford tax cuts for the rich while cutting job training programs for young people.
Obama laid out his argument Thursday at a Louisville, Kentucky-based tech company that’s participating in a jobs initiative he unveiled last month. The Tech Hire program encourages employers, educational institutions and local governments to work together to train people for technology jobs.
Obama says lawmakers should “invest in what works” so more places can follow Kentucky’s example.
The tax cut Obama refers to is a Republican effort to repeal the estate tax, which the president says would help relatively few people at too great a financial burden to the country. Republicans say eliminating the tax would help farmers and small-business owners keep their businesses in the family.