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

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

Uganda Court Annuls Anti-Gay Law

Court says law was passed in parliament without enough members present for a full quorum More

Multimedia Thailand Makes Efforts to Improve Conditions for Migrant Laborers

In Thailand, its not uncommon for parents to bring their children to work; one company, in-collaboration with other organizations, address safety concerns More

In Indonesia, Jihad Video Raises Concern

Video calls on Indonesians to join Islamic State of Iraq and the Levant, ISIL 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.
In Thailand, Some Efforts to Improve Conditions For Migrant Laborersi
X
Steve Herman
August 01, 2014 6:22 PM
Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video In Thailand, Some Efforts to Improve Conditions For Migrant Laborers

Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video Public Raises its Voice on Power Plant Pollution

In the United States, proposed rules to cut pollution from the nation’s 600 coal-fired power plants are generating a heated debate. The U.S. Environmental Protection Agency, charged with writing and implementing the plan, has already received 300,000 written comments. As VOA’s Rosanne Skirble reports, another 1,600 people are lining up this week at EPA headquarters and at satellite offices around the country to give their testimony in person.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video China Investigates Powerful Former Security Chief

The public in China is welcoming the Communist Party's decision to investigate one of the country's once most powerful politicians, former domestic security chief Zhou Yongkang. Analysts say the move by President Xi Jinping is not only an effort to win more support for the party, but an essential step to furthering much needed economic reforms and removing those who would stand in the way of change. VOA's Bill Ide has more from Beijing.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.

AppleAndroid