President Obama Launches the "It's On Us" Campaign to End
Weekly Address: The World Is United in the Fight Against ISIL
David HudsonSeptember 20, 2014
06:00 AM EDT
President Barack Obama tapes the Weekly Address in Map Room of the White House, Sept. 19, 2014. (Official White House Photo by Lawrence Jackson)
In this week’s address, the President thanked Congress for its strong bipartisan support for efforts to train and equip Syrian opposition forces to fight ISIL. This plan is part of the President’s comprehensive counter-terrorism strategy to degrade and destroy the terrorist group, and does not commit our troops to fighting another ground war. America, working with a broad coalition of nations, will continue to train, equip, advise, and assist our partners in the region in the battle against ISIL.
In the coming week, the President will speak at the United Nations General Assembly and continue to lead the world against terror, a fight in which all countries have a stake.
September 22, 2014
Statement by the President
America’s businesses have created 10 million jobs over the last 54 months – the longest stretch of uninterrupted private sector job growth in our nation’s history – and we should do everything we can as a country to build on that progress. That’s why I’ve called on Congress to lower our corporate tax rate, close wasteful loopholes, and simplify the tax code for everyone.
While there’s no substitute for Congressional action, my Administration will act wherever we can to protect the progress the American people have worked so hard to bring about. As part of this effort, Secretary Lew briefed me today on the first steps the Treasury Department is taking to discourage companies from taking advantage of corporate inversions – moving their tax residence overseas on paper to avoid paying their fair share in taxes here at home. We’ve recently seen a few large corporations announce plans to exploit this loophole, undercutting businesses that act responsibly and leaving the middle class to pay the bill, and I’m glad that Secretary Lew is exploring additional actions to help reverse this trend.
I believe America does better when hard work pays off, responsibility is rewarded, and everyone plays by the same set of rules. In the weeks and months ahead we should do even more to bring fairness to our tax code, help our businesses create more American jobs, and expand opportunity for all.