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

Scotland Vote Raises Questions of International Law

Experts say self-determination, as defined and protected by international law, confined narrowly to independence movements in process of de-colonization More

Video Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

Conservationists hail ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015 More

Annual Military Exercise Takes on New Meaning for Ukraine Troops

Troops from 15 nations participating in annual event, 'Rapid Trident' in western Ukraine More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Russian Economy Reeling After New Western Sanctionsi
X
September 18, 2014 2:28 AM
A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Russian Economy Reeling After New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Belgian Researchers Discover Way to Block Cancer Metastasis

Cancer remains one of the deadliest diseases, despite many new methods to combat it. Modern medicine has treatments to prevent the growth of primary tumor cells. But most cancer deaths are caused by metastasis, the stage when primary tumor cells change and move to other parts of the body. A team of Belgian scientists says it has found a way to prevent that process. Zlatica Hoke has more.
Video

Video Mogadishu's Flood of Foreign Workers Leaves Somalis Out of Work

Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.
Video

Video China Muslims Work to Change Perceptions After Knife Attacks

China says its has sentenced three men to death and one woman to life in prison for a deadly knife attack in March that left more than 30 dead and 140 injured. Beijing says Muslim militants from China's restive western region of Xinjiang carried out the attacks. Now, more than six months after the incident, residents in the city are still coping with the aftermath. VOA's Bill Ide has more from Kunming.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid