U.S. Senate Republican Leader Mitch McConnell made the following statement Wednesday regarding the President's speech and the need to prevent tax hikes:
"If the President wanted to have an immediate impact on hiring, he could begin by changing his mind and announcing today his opposition to the job-killing tax hikes on small businesses. America's job creators have already been hit with higher health care costs and related taxes, new bureaucracy and a financial regulation bill. Americans want jobs, not more government, more debt and more taxes. Let's start today with a declarative statement against tax hikes on the small businesses that are critical to expand and create jobs."