Sen. Levin's statement on President Obama’s deficit reduction plan

WASHINGTON -- Sen. Carl Levin, D-Mich., made the following statement regarding President Obama’s deficit reduction plan:

"I commend the president for taking a balanced approach to the urgent problem of deficit reduction. His approach is in stark contrast to that of House Republicans, who have made extreme proposals that would devastate seniors and working families, endangering their welfare and their ability to send their kids to college, while handing another giant tax break to the wealthiest Americans and undermining our economic recovery. It was essential that the president put revenues on the table, because tax breaks for the wealthy and unnecessary tax loopholes helped put us in this ditch. I hope and believe that the president, working together with Congress, can reach solutions that bring meaningful deficit reduction and spread the burden of our common deficit problem equitably."

Click here to watch a video of President Obama's speech today, April 13, 2011, on his deficit reduction plan.