News / USA

Obama Praises House Vote on Fiscal Cliff

U.S. President Barack Obama delivers remarks next to Vice President Joe Biden (L) after the House of Representatives acted on legislation intended to avoid the
U.S. President Barack Obama delivers remarks next to Vice President Joe Biden (L) after the House of Representatives acted on legislation intended to avoid the "fiscal cliff," at the White House in Washington, Jan. 1, 2013.
Kent Klein
President Barack Obama declared victory Tuesday night in what he called "the central promise" of his presidency -- changing a tax code skewed in favor of the wealthy. 

Obama thanked leaders from both parties in both houses of Congress, and Vice President Joe Biden, for getting a bill passed to stop big tax increases and government spending cuts.

“The sum total of all the budget agreements we have reached so far proves that there is a path forward -- that it is possible, if we focus, not on our politics, but on what is right for the country,” the president said.



Obama campaigned for re-election on a promise to preserve tax breaks for the middle class but not the rich. He said the nation's deficit is still too high, but he will not negotiate with Congress over another increase in the nation’s borrowing limit. 

"The consequences for the entire global economy would be catastrophic -- far worse than the impact of a fiscal cliff," the president said.

Obama emphasized that the deficit needs to be reduced in a way that is "balanced," a goal he said will remain in place as long as he is president.

You May Like

Yemen Brings US, Iran Closer to Naval Face-off

US sending two more ships to waters off coast of Yemen to take part in 'maritime security operations' More

Minorities Become Majority Across US

From 2000 to 2013, minorities became the majority in 78 counties in the United States. Here's where those demographic shifts are happening More

Japan's Maglev Train Breaks Own Speed Record

Seven-car 'magnetic levitation' train traveled at more than 600 kilometers per hour during test run Tuesday More

This forum has been closed.
Comment Sorting
Comments
     
by: John from: Maryland
January 02, 2013 5:56 PM
Did he delay it yes but he did that because he new there was no way to pass a bill that large in the time frame it needed to be passed . He took what was the biggest threat to 97% of us and got it taken care of why most of us were out having fun on new years they were working to make sure we didnt have to pay higher taxes and didnt loose tax breaks alot of families with kids depend on so please look at the facts before you make comments about the american people with a iq of 80 i think your looking at your own chart.

by: Mthiele from: Ottawa,Ontario
January 02, 2013 5:54 PM
It's impressive enough to think that there are enough people in the USA, making more than $400,000 a year (or $450K per couple), for the tax rate to be applied for it to be meaningful tax revenue. I don't think that's the case in many countries, including Canada. I always understood that the majority of tax revenue in the USA and elsewhere is generated from the poor and lower middle class--simply because there are so many more of them.

by: Farmboy from: Canada
January 02, 2013 12:50 PM
Only increasing tax on incomes over $450,000 is a gift to the wealthy , albeit lesser wealthy . I would have set the barrier at $100,000 . There is a lot of tax revenue between the two numbers .

by: Sami from: USA, WA
January 02, 2013 7:20 AM
I think I like this president. I like the attitude he portrays, but you always have to be watchful of people lying to you. I don't think the President is perfect, and neither is our political system, but making sure the wealthy pay higher rates increases the likelyhood that that money gets put to use responsibly, IF the government is responsible. Otherwise you're just relying on the good heart of rich people to spend that money in useful ways (i.e. school, healthcare as opposed to extravagant personal luxuries).
In Response

by: Subesh from: Cuba
January 02, 2013 12:49 PM
I think the Americans should wake up. Your President has just delayed addressing the economic problems which prevail in the US of A. It would seem that the majority of Americans must have an IQ of about 80 if they don't realize that Obama is in effect not dis-similar to the majority of the countries leaders on the African continent. Obama WILL eventually bring the USA to its knees!!!

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
New Brain Mapping Techniques Could Ease Chronic Paini
X
Shelley Schlender
April 20, 2015 7:03 PM
Pain has a purpose - it can stop you from touching a flame or from walking on a broken leg. As an injury heals, the pain goes away. Usually. But worldwide, one out of every five people suffers from pain that lasts for months and years, leading to lost jobs, depression, and rising despair when medical interventions fail or health experts hint that a pain sufferer is making it up. From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.
Video

Video New Brain Mapping Techniques Could Ease Chronic Pain

From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.
Video

Video Hope, Prayer Enter Fight Against S. Africa Xenophobia

South Africa has been swept by disturbing attacks on foreign nationals. Some blame the attacks on a legacy of colonialism, while others say the economy is to blame. Whatever the cause, ordinary South Africans - and South African residents from around the world - say they're praying for the siege of violence to end. Anita Powell reports from Johannesburg.
Video

Video Italy Rescues Migrants After Separate Deadly Capsize Incident

Italy continued its massive search and rescue operation in the Mediterranean Monday for the capsized boat off the coast of Libya that was carrying hundreds of migrants, while at the same time rescuing Syrian migrants from another vessel off the coast of Sicily. Thirteen children were among the 98 Syrian migrants whose boat originated from Turkey on the perilous journey to Europe.
Video

Video New Test Set to Be Game Changer in Eradicating Malaria

The World Health Organization estimates 3.4 billion people are at risk of malaria, with children under the age of five and pregnant women being the most vulnerable. As World Malaria Day approaches (April 25), mortality rates are falling, and a new test -- well into the last stage of trials -- is having positive results in Kenya. Lenny Ruvaga reports for VOA from Nairobi.
Video

Video Are Energy Needs Putting Thailand's Natural Beauty at Risk?

Thailand's appetite for more electricity has led to the construction of new dams along the Mekong River to the north and new coal plants near the country's famous beaches in the south. A proposed coal plant in a so-called "green zone" has touched off a debate. VOA's Steve Sandford reports.
Video

Video Overwhelmed by Migrants, Italy Mulls Military Action to Stabilize Libya

Thousands more migrants have arrived on the southern shores of Italy from North Africa in the past two days. Authorities say they expect the total number of arrivals this year to far exceed previous levels, and the government has said military action in Libya might be necessary to stem the flow. VOA's Henry Ridgwell reports.
Video

Video Putin Accuses Kyiv of ‘Cutting Off’ Eastern Ukraine

Russian President Vladimir Putin, in his annual televised call-in program, again denied there were any Russian troops fighting in Ukraine. He also said the West was trying to ‘contain’ Russia with sanctions. Henry Ridgwell reports on reactions to the president’s four-hour TV appearance.
Video

Video Eye Contact Secures Dog's Place in Human Heart

Dogs serve in the military, work with police and assist the disabled, and have been by our side for thousands of years serving as companions and loyal friends. We love them. They love us in return. VOA’s Rosanne Skirble reports on a new study that looks at the bio-chemical bond that cements that human-canine connection.
Video

Video Ukrainian Volunteers Search for Bodies of Missing Soldiers

As the cease-fire becomes more fragile in eastern Ukraine, a team of volunteer body collectors travels to the small village of Savur Mohyla in the what pro-Russian separatists call the Donetsk Peoples Republic - to retrieve bodies of fallen Ukrainian servicemen from rebel-held territories. Adam Bailes traveled with the team and has this report.
Video

Video Xenophobic Violence Sweeps South Africa

South Africa, long a haven for African immigrants, has been experiencing the worst xenophobic violence in years, with at least five people killed and hundreds displaced in recent weeks. From Johannesburg, VOA’s Anita Powell brings us this report.
Video

Video Apollo 13, NASA's 'Successful Failure,' Remembered

The Apollo 13 mission in 1970 was supposed to be NASA's third manned trip to the moon, but it became much more. On the flight's 45th anniversary, astronauts and flight directors gathered at Chicago's Adler Planetarium to talk about how the aborted mission changed manned spaceflight and continues to influence space exploration today. VOA’s Kane Farabaugh reports.
Video

Video Badly Burned Ukrainian Boy Bravely Fights Back

A 9-year-old Ukrainian boy has returned to his native country after intensive treatment in the United States for life-threatening burns. Volodia Bubela, burned in a house fire almost a year ago, battled back at a Boston hospital, impressing doctors with his bravery. Faith Lapidus narrates this report from VOA's Tetiana Kharchenko.
Video

Video US Maternity Leave Benefits Much Less Than Many Countries

It was almost 20 years ago that representatives of 189 countries met at a UN conference in Beijing and adopted a plan of action to achieve gender equality around the world. Now, two decades later, the University of California Los Angeles World Policy Analysis Center has issued a report examining what the Beijing Platform for Action has achieved. From Los Angeles, Elizabeth Lee has more.
Video

Video Endangered Hawaiian Birds Get Second Chance

Of the world's nearly 9,900 bird species, 13 percent are threatened with extinction, according to BirdLife International. Among them are two Hawaiian honeycreepers - tiny birds that live in the forest canopy, and, as the name implies, survive on nectar from tropical flowers. Scientists at the San Diego Zoo report they have managed to hatch half a dozen of their chicks in captivity, raising hopes that the birds will flutter back from the brink of extinction. VOA’s George Putic reports.
Video

Video Exhibit Brings Renaissance Master Out of the Shadows

The National Gallery of Art in Washington has raised the curtain on one of the most intriguing painters of the High Renaissance. Mostly ignored after his death in the early 1500s, Italian master Piero di Cosimo is now claiming his place alongside the best-known artists of the period. VOA’s Ardita Dunellari reports.

VOA Blogs