News / USA

Obama, Republicans Spar Over Taxes

President Barack Obama speaks at Kirkwood Community College in Cedar Rapids, Iowa, July 10, 2012. President Barack Obama speaks at Kirkwood Community College in Cedar Rapids, Iowa, July 10, 2012.
x
President Barack Obama speaks at Kirkwood Community College in Cedar Rapids, Iowa, July 10, 2012.
President Barack Obama speaks at Kirkwood Community College in Cedar Rapids, Iowa, July 10, 2012.
Kent Klein
WHITE HOUSE — President Barack Obama and former Massachusetts Governor Mitt Romney, Obama's probable Republican opponent in November's presidential election, are campaigning on economic issues.  The president campaigned Tuesday in the Midwestern state of Iowa, a likely battleground state in this year's election.
 
President Obama went to Cedar Rapids, Iowa to reconnect with voters who gave him his first victory in the 2008 campaign - a win in the Iowa caucuses.

“This was a state that gave me a chance when nobody else would,” he said.

Public opinion surveys in this year’s race show the president and Mitt Romney virtually even.  But with unemployment at 8.2 percent, the majority of voters polled say they are unhappy with Obama’s performance on the economy.

Cedar Rapids was the president’s first campaign stop after challenging Congress to extend middle-class tax cuts for another year.  

“For us to give a trillion dollars’ worth of tax breaks to folks who do not need it - folks who do not need it and are not even asking for it - that does not make sense,” he said.

Obama wants to extend the tax cuts enacted during President George W. Bush's administration, but only for families earning up to $250,000 a year.  

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at Central High School, July 10, 2012, in Grand Junction, Colorado.Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at Central High School, July 10, 2012, in Grand Junction, Colorado.
x
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at Central High School, July 10, 2012, in Grand Junction, Colorado.
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at Central High School, July 10, 2012, in Grand Junction, Colorado.
Romney and other Republicans want the cuts extended for all taxpayers.  The former Massachusetts governor campaigned Tuesday in the Western city of Grand Junction, Colorado.

“Small businesses and entrepreneurs will be able to keep more of their money to build their business, which is what I want to have done because, for me, it is all about jobs," he said. "It is creating good jobs for the American people, so I want to bring those tax rates down.”

The president’s version of the tax cuts is almost certain to be voted down in the Republican-led House of Representatives, which will vote later this month on extending all of the Bush-era tax cuts.

House Speaker John Boehner condemned the Obama plan Tuesday in a speech to a convention of building contractors here in Washington.  He called it "class warfare."

“The president cannot run on his record because his policies, his economic policies, have failed," he said. "They have made things worse.  And as a result, he has turned to the politics of envy and division.  That is what this is about, nothing but pure politics.”

President Obama is portraying himself to voters as an advocate for middle-class Americans.  Mitt Romney has been highlighting his experience running a business and creating jobs.

You May Like

Multimedia Obama Defends Immigration Action

Obama says with his executive action on immigration, enforcement resources will be focused on 'felons, not families; criminals, not children' More

US-Led Airstrikes in Syria Kill Over 900: Monitoring Group

British-based Syrian Observatory for Human Rights says the toll includes more than 50 civilians, five of them women and eight of them children More

Report: Obama Broadens US Combat Role in Afghanistan

The New York Times says resident Barack Obama has signed a classified order extending the role of US troops in Afghanistan for another year More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
New Skateboard Defies Gravityi
X
November 21, 2014 5:07 AM
A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Gay Evangelicals Argue That Bible Does Not Condemn Homosexuality

More than 30 U.S. states now recognize same-sex marriages, and an increasing number of mainline American churches are blessing them. But evangelical church members- which account for around 30 percent of the U.S. adult population - believe the Bible unequivocally condemns homosexuality. VOA's Jerome Socolovsky reports that gay, lesbian, bisexual and transgender evangelicals are coming out. Backed by a prominent evangelical scholar, they argue that the traditional reading of the bible is wrong.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Mexico Protests Escalate Over Disappearances

Protests in Mexico over 43 students missing since September continue to escalate, reflecting growing anger among Mexicans about a political system they view as corrupt, and increasingly tainted by the drug trade. Mounting outrage over the disappearances is now focused on the government of President Enrique Pena Nieto, accused of not doing enough to end insecurity in the country. More from VOA's Victoria Macchi.
Video

Video US Senate Votes Down Controversial Oil Pipeline - For Now

The U.S. Senate has rejected construction of a controversial pipeline to transport Canadian oil to American refineries. The $5 billion project still could be approved next year, but it faces a possible veto by President Barack Obama. As VOA’s Michael Bowman reports, the pipeline has exposed deep divisions in Congress about America’s energy future.
Video

Video Can Minsk Cease-fire Agreement Hold?

Growing tensions between government troops and separatists in eastern Ukraine further threaten a cease-fire agreement reached two months ago in the Belarusian capital of Minsk. Critics of U.S. policy in Ukraine say it is time the Obama administration gives up on that much-violated cease-fire and moves toward a new deal with Russia. VOA's Scott Stearns has more.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.
Video

Video Ferguson Church Grapples with Race Relations

Many white residents of Ferguson, Missouri, say they chose to live there because of the American Midwest community's diversity. So, they were shocked when a white police officer killed an unarmed black teenager in August – and shaken by the resulting protests and violence. Some local churches are leading conversations on how to go forward. VOA’s Ayesha Tanzeem reports.

All About America

AppleAndroid