News / USA

Obama's Next Campaign: More Taxes for Rich Americans

President Barack Obama hosts bipartisan meeting with Congressional leaders, Roosevelt Room of White House, November 16, 2012.President Barack Obama hosts bipartisan meeting with Congressional leaders, Roosevelt Room of White House, November 16, 2012.
x
President Barack Obama hosts bipartisan meeting with Congressional leaders, Roosevelt Room of White House, November 16, 2012.
President Barack Obama hosts bipartisan meeting with Congressional leaders, Roosevelt Room of White House, November 16, 2012.
Kent Klein
President Barack Obama's re-election campaign may be over, but his economic campaign continues.  The president is appealing to business and labor leaders, lawmakers and the public to press Republicans in Congress to go along with his plan to raise taxes on the wealthiest Americans. In his successful re-election campaign, Obama made relentless calls to middle class Americans to support his program of higher taxes for the rich and continued tax cuts for everyone else.

"Our fight goes on because this nation cannot succeed without a growing and thriving middle class," Obama said over and over again.

Since winning a second term on November 6, the president has been using a similar strategy to push for increased taxes for high income Americans while preserving the existing rate for the middle class. In a news conference this past Wednesday, Obama mentioned the middle class 21 times.

"We should not hold the middle class hostage while we debate tax cuts for the wealthy.  We should at least do what we agree on, and that is to keep middle class taxes lower."

The president, along with the top Democrats and Republicans in Congress, have begun negotiations, hoping to avert what is being called the "fiscal cliff."

The Republican Speaker of the House, John Boehner, is holding firm in his demand for an agreement to cut spending on some social programs, but says he is willing to compromise on taxes.

"To show our seriousness, we have put revenue on the table, as long as it is accompanied by significant spending cuts," Boehner said.

To shrink the U.S. budget deficit, the White House wants an additional $1.6 trillion in revenues over 10 years, about twice what the president sought in the previous negotiations, in 2011. Under that agreement, deep government spending cuts would take effect and tax breaks would expire January 1, 2013.

Stan Collender works with clients in the financial industry at the Washington-based public relations firm Qorvis Communications. He says Obama's re-election and the urgency of the impending fiscal cliff give the president a political advantage in the talks.

"The tax increases will go into effect automatically, and the spending cuts will go into effect automatically," Collender said. "These are things the Republicans would like to stop, but the only way they can stop is by having legislation that the president will sign."

Nonetheless, the president is taking no chances. He has hosted meetings with numerous influential Americans, seeking their support. The president is most interested in gaining the backing of major corporate executives, many of whom are Republicans, said Collender.

"The president would love to get the business community to say to the Republicans, 'Look, we agree at this point that tax increases are needed.  Let’s stop messing around with this, because you are going to hurt the economy, hurt our sales, hurt our stock prices,''' he said.

Obama also met with labor leaders, such as AFL-CIO President Richard Trumka, whose support is more assured.

"We’re committed to making sure that the middle class and workers don’t end up paying the tab for a party that we didn’t get to go to," Trumka said.

In addition, the president met with the leaders of civil rights organizations, such as the National Urban League and the National Council of La Raza, rallying their support.

And some of those who worked on the president's reelection campaign are now pressuring lawmakers, mainly Republicans, to back the president's tax proposal.

"I think we are all aware that we have some urgent business to do," said Obama. Negotiations are set to resume the last week in November.

You May Like

Could Nemtsov Threaten Putin in Death as in Life?

Dynamic and debonair opposition leader had supported liberal economic reforms, criticized Russian president's aggression in Ukraine More

Oil Smuggling Highlights Challenges in Shutting Down IS Finances

Pentagon spokesman says Islamic State 'certainly continues to get revenue from the oil industry black market' but that airstrikes have made a dent More

India Focuses on Infrastructure, Investment to Propel Economy

Government expects economy to grow at 8 to 8.5 percent in next fiscal year More

This forum has been closed.
Comment Sorting
Comments page of 2
    Next 
by: erectz from: usa
November 20, 2012 4:49 AM
I want everyone who wants a job (including my husband) to be able to get one! I don't want my mom to continue to struggle as her hours and benefits get cut, or another family member to have been forced to walk away from his house that he fought so hard to save! I don't want damn entitlements; I want our family to work for our money and make a living! And yet the whiny children that voted for Obama cannot seem to get enough motivation to get off their lazy butts and get a job!!

by: david lulasa from: tambua,hamisi,vihiga,keny
November 20, 2012 4:34 AM
countries getting aid from USA should also be taxed in some way,because if there was no aid given to other countries as is anually,there would be no need to tax rich americans further so as to be responsible...but anyway,the rich had been getting favours where by they didnt pay a fixed tax like others earning below the tax relaxation mark.

king tut

by: kelly from: MN
November 19, 2012 1:07 AM
I really love Obama! My God, I just cannot get over how wonderful he is! Thanks to him, my husband STILL cannot find a full-time job, and we may very well have to enroll in Obamacare to at least give our son coverage. I DON'T WANT TO BE DEPENDENT ON THE GOVERNMENT!!!! I want everyone who wants a job (including my husband) to be able to get one! I don't want my mom to continue to struggle as her hours and benefits get cut, or another family member to have been forced to walk away from his house that he fought so hard to save! I don't want damn entitlements; I want our family to work for our money and make a living! And yet the whiny children that voted for Obama cannot seem to get enough motivation to get off their lazy butts and get a job!!!! If a person is physically/mentally unable to work, that's one thing. However, if you're too damn lazy to get a job, I sure as hell am not paying for you! America is on the road to destruction; no doubt in my mind. Thanks, all you idiot liberals! I hope you get financially strapped, lose your job, have to pay $6 for gas, lose your home, be stressed as hell wondering how you will support your family (like we've been) and I believe that kind of punishment is just for your massive ignorance and stupidity!
In Response

by: J from: Kansas
November 19, 2012 12:09 PM
I voted for Obama and I have a full time job. I have always had a full time job. You lost because you are out of touch and misguided. Maybe your husband is too picky. If he really wanted to work he should take what he can find until something opens up in his field, whatever that is. And fyi, I have never received government benefits and I don't intend to. I would like to receive my Social Security benefits when I retire, seeing as how I've been paying for them my entire life. You are a hateful person Kelly. I see that alot in Republicans.

by: rgw46 from: usa
November 18, 2012 2:36 PM
have idea--pass around--ALL Gov. workers..except military..NO pay/retirement/Ins...until debt paid off..DONE..people should DEMAND it..we pay these clowns.STOP there goodies..see if these CAREER politicians will then be serious..

by: mar from: ny
November 18, 2012 8:45 AM
maybe the members of congres should trim there budget

do they really need 1.6 million + to get there job done

by: Yoshi from: Sapporo
November 18, 2012 7:47 AM
I think extraordinally rich people are not against Obama's policy, higher taxes for them. They have a difficulty in finding the way how to spend their money. Donation is limited. They should get honors by public as philantropists of high tax payer.

by: David McGill from: Houston, Texas
November 17, 2012 9:07 PM
Money is power. The Demoncrats live on power. They need more money so they want to tax the "rich". This is biting the hand that feeds them and the American Economy. So I guess the spirial to oblivion will continue. God help all those that voted for Obama and his cluless associates.

by: Lamp173
November 17, 2012 8:27 PM
God bless Obama

by: tim from: Ohio
November 17, 2012 8:17 PM
This president will send us back in recession and towards Greece

by: Jim from: Hawaii
November 17, 2012 8:14 PM
Obama is campaigning to make Bush's tax cuts PERMANENT for 98% of taxpayers. This headline is basically a sensationalist one that ignores the more significant issue of making tax cuts for the vast majority of Americans permanent.
Comments page of 2
    Next 

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Supreme Court Hears Hijab Discrimination Casei
X
Katherine Gypson
February 25, 2015 11:30 PM
The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video US Supreme Court Hears Hijab Discrimination Case

The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video Falling Gas Prices Hurt Nascent Illinois Hydraulic Fracturing Industry

Falling oil prices are helping consumers purchase cheaper petroleum at the pump. But that’s made hydraulic fracturing or “fracking” less economically viable for the companies in the United States invested in the process. VOA’s Kane Farabaugh reports on one Midwestern town that was hoping to change its fortunes by cashing in on the next big U.S. oil boom.
Video

Video Fighting in Sudan's South Kordofan Fuels Mass Displacement

Heavy fighting in Sudan's South Kordofan state is causing hundreds of thousands to flee into uncertain conditions. Local aid organizations estimate as many as 400,000 civilians have been internally displaced since the conflict began more than three years ago, while another 250,000 have fled across the border to refugee camps in South Sudan. VOA's Adam Bailes reports.
Video

Video Lao Dam Project Runs Into Opposition

A Lao dam project on a section of the Mekong River is drawing opposition from local fishermen, international environmental groups and neighboring countries. VOA's Say Mony visited the region to investigate the concerns. Colin Lovett narrates.
Video

Video A Filmmaker Discovers Her Biracial Identity in "Little White Lie

Lacey Schwartz grew up in an upper middle-class Jewish family, in a town in upstate New York where almost everyone she knew was white. She assumed that she was, as well. Her recent documentary, Little White Lie, tells the story of how she uncovered the secret of her true racial background. VOA’s Carolyn Weaver has more on the film.
Video

Video Deep Under Antarctic Ice Sheet, Life!

With the end of summer in the Southern hemisphere, the Antarctic research season is over. Scientists from Northern Illinois University are back in their laboratory after a 3-month expedition on the Ross Ice Shelf, the world’s largest floating ice sheet. As VOA’s Rosanne Skirble reports, they hope to find clues to explain the dynamics of the rapidly melting ice and its impact on sea level rise.
Video

Video US-Cuba Normalization Talks Resume Friday

Negotiations aimed at normalizing diplomatic relations between the U.S. and Cuba resume Friday. On the table: lifting a half-century trade embargo and easing banking and travel restrictions. There's opposition in Congress, but some analysts say there may be sufficient political and economic incentives in both nations for a potential breakthrough this year. VOA's Mil Arcega reports.
Video

Video Pakistan's Deadline For SIM Registration Has Cellphone Users Scrambling

Pakistani cell phone users have until midnight Thursday to register their SIM cards, or their service will be cut off. While some privacy experts worry about government intrusion, many Pakistanis are just worried about keeping their phone lines open. VOA Deewa reporter Arshad Muhmand has more from Peshawar.
Video

Video Myanmar Warns Factory Workers to End Strikes

Outside Myanmar's main city Yangon, thousands of workers walked off their jobs earlier this month demanding a doubling of their wages, pay raises after a year and input from labor unions on industrial regulations. Since Friday, the standoff has grown more tense as police moved in to disrupt the sit-ins, resulting in clashes that injured people from both sides. VOA correspondent Steve Herman visited industrial zones which have become a focus of Myanmar's fledgling workers rights movement.
Video

Video Oscar Winners Do More Than Thank the Academy

The Academy Awards presentation is Hollywood’s night to reward the best movies from the previous year. It’s typically a lot of glitter, a lot of thank you’s, a lot of speeches. But many of this year’s speeches carried messages beyond the thank you's. VOA’s Carolyn Presutti takes a look.

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More