Transcript: Marco Rubio's Republican Response

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For example, Obamacare was supposed to help middle class Americans afford health insurance. But now, some people are losing the health insurance they were happy with. And because Obamacare created expensive requirements for companies with more than 50 employees, now many of these businesses aren't hiring. Not only that; they're being forced to lay people off and switch from full-time employees to part-time workers.

Now does this mean there's no role for government? Of course not. It plays a crucial part in keeping us safe, enforcing rules, and providing some security against the risks of modern life. But government's role is wisely limited by the Constitution. And it can't play its essential role when it ignores those limits.

There are valid reasons to be concerned about the President's plan to grow our government. But any time anyone opposes the President's agenda, he and his allies usually respond by falsely attacking their motives.

When we point out that no matter how many job-killing laws we pass, our government can't control the weather – he accuses us of wanting dirty water and dirty air.

When we suggest we strengthen our safety net programs by giving states more flexibility to manage them – he accuses us of wanting to leave the elderly and disabled to fend for themselves.

And tonight, he even criticized us for refusing to raise taxes to delay military cuts – cuts that were his idea in the first place. But his favorite attack of all is that those who don't agree with him – they only care about rich people.

Mr. President, I still live in the same working class neighborhood I grew up in. My neighbors aren't millionaires. They're retirees who depend on Social Security and Medicare. They're workers who have to get up early tomorrow morning and go to work to pay the bills. They're immigrants, who came here because they were stuck in poverty in countries where the government dominated the economy. The tax increases and the deficit spending you propose will hurt middle class families. It will cost them their raises. It will cost them their benefits. It may even cost some of them their jobs.

And it will hurt seniors because it does nothing to save Medicare and Social Security.

So Mr. President, I don't oppose your plans because I want to protect the rich. I oppose your plans because I want to protect my neighbors.

Hard-working middle class Americans who don't need us to come up with a plan to grow the government. They want a plan to grow the middle class.

Economic growth is the best way to help the middle class. Unfortunately, our economy actually shrank during the last three months of 2012.

But if we can get the economy to grow at just 4 percent a year, it would create millions of middle class jobs. And it could reduce our deficits by almost $4 trillion dollars over the next decade.

Tax increases can't do this. Raising taxes won't create private sector jobs. And there's no realistic tax increase that could lower our deficits by almost $4 trillion. That's why I hope the President will abandon his obsession with raising taxes and instead work with us to achieve real growth in our economy.

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