News / USA

Obama Campaigns for Passage of Tax Deal

President Barack Obama during a news conference at the White House, 07 Dec 2010
President Barack Obama during a news conference at the White House, 07 Dec 2010
TEXT SIZE - +

President Barack Obama says the U.S. economy will move backward if lawmakers do not approve a deal to extend tax cuts for the rich in exchange for more unemployment benefits.  While some Democrats in Congress oppose the agreement, the Obama administration is pushing furiously to get it passed.

President Obama started a meeting of his Export Council Thursday by again lobbying for passage of the tax deal.

"Every economist that I have talked to or that I have read over the last couple of days acknowledges that this agreement would boost economic growth in the coming years and has the potential to create millions of jobs," he said.

The president said the outcome of the debate will determine whether the nation's economy moves forward or backward.

"If this framework fails, the reverse is true: Americans would see it in smaller paychecks.  That would have the effect of fewer jobs," said Obama.

The president said earlier in the week he remains opposed to extending the tax breaks for the wealthiest Americans that began during George W. Bush's presidency.  But Obama said he was not able to persuade Republicans to preserve tax cuts for the middle-class without doing so for the rich.

Meanwhile, members of the president's own Democratic Party in the House of Representatives voted Thursday to reject the deal in its current form.  House Speaker Nancy Pelosi said she would not bring it to the floor for a vote without changes.

Senate Majority Leader Harry Reid says he will bring the legislation to the floor of his chamber, but also wants changes.

Many Democrats, especially those from the party's liberal wing, are angry that the president compromised on what they believe is a main Democratic principle.

Since the deal was announced this week, Obama has emphasized the importance of averting tax increases for average Americans.  He held a quickly-arranged press conference on Tuesday, and spoke passionately about the issue.

The White House has also taken the unusual step of sending out a separate e-mail to reporters each time a member of Congress, state governor or city mayor announces support for the deal.

At Thursday's meeting on exports, Obama also talked about his goal of doubling U.S. exports within five years.

"Every one billion dollars that we increase in exports supports more than 5,000 jobs, and companies that export often pay better wages," he said.  "So a time when jobs are in short supply, growing our export markets is an imperative."

In addition, the president defended his recent free-trade agreement with South Korea, saying it will open the South Korean market to American goods and will support 70,000 American jobs.

You May Like

Multimedia Anti-Keystone XL Protests Continue

Demonstrators are worried about pipeline's effect on climate change, their traditional way of life, health and safety More

Thailand's Political Power Struggle Continues

Court gave Prime Minister Yingluck Shinawatra until May 2 to prepare her defense over abuse of power charges but uncertainty remains over election timing More

Malaysia Plane Search Tests Limits of Ocean Mapping Technology

Expert tells VOA existing equipment’s maximum operating depth is around 6 kilometers as operation continues on ocean bed for any trace of MH370 More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Pet Kangaroo Helps Spread Environmental Messagei
X
Penelope Poulou
April 22, 2014 5:53 PM
Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pet Kangaroo Helps Spread Environmental Message

Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pro-Russian Separatists Plan 'Federalization Referendum' in Eastern Ukraine

Pro-Russian separatists in eastern Ukraine say they plan to move forward next month with a referendum vote for greater autonomy, despite the Geneva agreement reached with Russia, the U.S. and Ukraine to end the political conflict. VOA's Brian Padden reports from the city of Donetsk in Eastern Ukraine.
Video

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

French filmmaker Luc Jacquet won worldwide acclaim for his 2005 Academy Award-winning documentary "March of the Penguins". Now Jacquet is back with a new film that takes movie-goers deep into the heart of a tropical rainforest - not only to celebrate its grandeur, but to make the case for its survival. VOA's Rosanne Skirble reports.
Video

Video Boston Marathon Bittersweet for Many Runners

Monday's running of the Boston Marathon was bittersweet for many of the 36,000 participants as they finished the run that was interrupted by a double bombing last year. Many gathered along the route paid respect to the four people killed as a result of two bombings near the finish line. VOA's Carolyn Presutti returned to Boston this year to follow two runners, forever changed because of the crimes.
Video

Video International Students Learn Film Production in World's Movie Capital

Hollywood - which is part of Los Angeles - is the movie capital of the world, and many aspiring filmmakers go there in hopes of breaking into the movie business. Mike O'Sullivan reports that regional universities are also a magnet for students who hope to become producers or directors.
Video

Video Pacific Rim Trade Deal Proves Elusive

With the U.S.-led war in Iraq ended and American military involvement in Afghanistan winding down, President Barack Obama has sought to pivot the country's foreign policy focus towards Asia. One aspect of that pivot is the negotiation of a free-trade agreement among 12 Pacific Rim nations. But as Obama leaves this week on a trip to four Asian countries he has found it very difficult to complete the trade pact. VOA's Ken Bredemeier has more from Washington.
Video

Video Autistic Adults Face Housing, Job Challenges

Many parents of children with disabilities fear for the future of their adult child. It can be difficult to find services to help adults with disabilities - physical, mental or emotional - find work or live on their own. The mother of an autistic boy set up a foundation to advocate for the estimated 1.2 million American adults with autism, a developmental disorder that causes communication difficulties and often social difficulties. VOA's Faiza Elmasry reports.
AppleAndroid