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

    Video Rubio Looks to Surge in New Hampshire

    Republican presidential candidate has moved into second place in several recent surveys and appears to be gaining ground on longtime frontrunner Donald Trump

    UN Calls for Global Ban on Female Genital Mutilation

    Recent UNICEF report finds at least 200 million girls and women alive today have undergone female genital mutilation in 30 countries

    UN Pilots New Peace Approach in CAR

    Approach launched in northern town of Kaga Bandoro, where former combatants of mainly Muslim Seleka armed group and Christian and animist anti-Balaka movement are being paid to do community work

    This forum has been closed.
    Comment Sorting
    Comments page of 2
     Previous    
    by: daniael from: us
    November 17, 2012 8:07 PM
    not more, EQUAL PERCENTUAL TAXES FOR ALL!!!
    rich buy their lower taxes
    if this is a country and not a tribe, we should ALL PAY EQUAL TAX (IN PERCENTS)

    by: JBoston
    November 17, 2012 7:55 PM
    When the average American family is facing a financial cliff they have to re-evaluate their financial priorities.

    When the politicians are facing a financial cliff they can just go and steal more money from those who worked for it.

    Nauseating.

    by: John Galt from: Daytona
    November 17, 2012 7:53 PM
    When the government punishes people for succeeding, then it is time to secede. Close your companies, lock the doors, sell off, and enjoy the money you've made. But some land, enjoy the summers and take a job in whatever business is left open. It's time.

    by: Ed from: Idaho (USA)
    November 17, 2012 7:43 PM
    Obama's right in this (the ultra rich have doubled their share of the nation's wealth over the last 30 years) Particularly in the area of inheiritance the tax should be increased (how many children of rich people do you know who've actually done something meaningful with their lives?) However Obama neglects to also make cuts to millions of generational welfare recipients who have done nothing to improve their situation and are getting more and more of the nation's earnings. Obama diverts more and more federal funds their way....all the while touting his empathy for the middle class!
    Its the MIDDLE CLASS (the movers and shakers of the country) who need help not the rich or the poor!

    by: David J. Kelly from: Chicago ,IL
    November 17, 2012 7:26 PM
    TAXES FOR THE 2% , the wealthiest Americans , should be run right up to the 75 to 90 percent of their income, any capital gains taxes should be graduated, and increase exponentially after 50K in capital gains, corporate taxes need to increase dramatically , no more overseas tax havens and tax dodging by the wealthiest and huge multi- nationals should be prosecuted with EXTREME PREJUDICE. TAX BILLIONAIRES BACK INTO MILLIONAIRES. BOO! HOO! FOR BILLIONAIRES
    In Response

    by: George Hilbert from: New York
    November 18, 2012 2:18 AM
    haha France has announced that they intend to do that and a couple of those targeted have said that they will simply move to Belgium or elsewhere. Would you just sit there and be pillaged?

    by: Erin Cabahug from: New York, N.Y.
    November 17, 2012 7:17 PM
    The so-called "job creators" took the money from the Bush tax cuts for the wealthy and never did create those jobs. If tax cuts do create jobs, America wouldn't face the problems of joblessness as it now does. "Supply side" economics has been debunked. It is a fairy tale that only aggravated income inequality throughout the past 30 years. It's about time that America's top 2% pay their share to help reduce the deficits. 98% of Americans were thrown under the bus when the subprime financial crisis hit in 2008. The top 2%, on the other hand, have done just fine. It's about time they lend a helping hand. It isn't about class warfare. It's about pitching in and doing one's part.
    Comments page of 2
     Previous    

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    German Artists to Memorialize Refugees With Life Jacket Exhibiti
    X
    Hamada Elsaram
    February 05, 2016 4:30 PM
    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video German Artists to Memorialize Refugees With Life Jacket Exhibit

    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video E-readers Help Ease Africa's Book Shortage

    Millions of people in Africa can't read, and there's a chronic shortage of books. A non-profit organization called Worldreader is trying to help change all that one e-reader at a time. VOA’s Deborah Block tells us about a girls' school in Nairobi, Kenya where Worldreader is making a difference.
    Video

    Video Genius Lets World Share Its Knowledge

    Inspired by crowdsourcing companies like Wikipedia, Genius allows anyone to edit anything on the web, using its web annotation tool
    Video

    Video Former Drug CEO Martin Shkreli Angers US Lawmakers

    A former U.S. pharmaceutical business executive has angered lawmakers by refusing to explain why he raised the price of a life-saving pill by 5,000 percent. Martin Shkreli was removed from a congressional hearing on Thursday after citing his Fifth Amendment right to stay silent. Zlatica Hoke has more.
    Video

    Video Super Bowl TV Commercials are Super Business for Advertisers

    The Super Bowl, the championship clash between the two top teams in American Football, is the most-watched sporting event of the year, and advertisers are lining up and paying big bucks to get their commercials on the air. In fact, the TV commercials during the Super Bowl have become one of the most anticipated and popular features of the event. VOA's Brian Allen has a sneak peek of what you can expect to see when the big game goes to commercial break, and the real entertainment begins.
    Video

    Video In Philippines, Mixed Feelings About Greater US Military Presence

    In the Philippines, some who will be directly affected by a recent Supreme Court decision clearing the way for more United States troop visits are having mixed reactions.  The increased rotations come at a time when the Philippines is trying to build up its military in the face of growing maritime assertiveness from China.  From Bahile, Palawan on the coast of the South China Sea, Simone Orendain has this story.
    Video

    Video Microcephaly's Connection to Zika: Guilty Until Proven Innocent

    The Zika virus rarely causes problems for the people who get it, but it seems to be having a devastating impact on babies whose mothers are infected with Zika. VOA's Carol Pearson has more.
    Video

    Video Solar Innovation Provides Cheap, Clean Energy to Kenya Residents

    In Kenya, a company called M-Kopa Solar is providing clean energy to more than 300,000 homes across East Africa by allowing customers to "pay-as-you-go" via their cell phones. As Lenny Ruvaga reports from Kangemi, customers pay a small deposit for a solar unit and then pay less than a dollar a day to get clean energy to light up their homes or businesses.
    Video

    Video Stunning Artworks Attract Record Crowds, Thanks to Social Media

    A new exhibit at the oldest art museum in America is shattering attendance records. Thousands of visitors are lining up to see nine giant works of art that have gotten a much-deserved shot of viral marketing. The 150-year-old Smithsonian American Art Museum has never had a response quite like this. VOA's Julie Taboh reports.
    Video

    Video Apprenticeships Put Americans on Path Back to Work

    Trying to get more people into the U.S. workforce, the Obama administration last year announced $175 million in grants towards apprenticeship programs. VOA White House correspondent Aru Pande went inside one training center outside of Washington that has gained national recognition for helping put people on the path to employment.
    Video

    Video New Material May Reduce Concussion Effects

    As the 2016 National Football League season reaches its summit at the Super Bowl this coming Sunday (2/7), scientists are trying to learn how to more effectively protect football players from dangerous and damaging concussions. Researchers at Cardiff and Cambridge Universities say their origami-based material may solve the problem. VOA’s George Putic reports.
    Video

    Video Saudi Arabian Women's Sports Chip Away at Stereotypes

    Saudi Arabian female athletes say that sports are on the front line of busting traditions that quash women’s voices, both locally and internationally. In their hometown of Jeddah, a group of basketball players say that by connecting sports to health issues, they are encouraging women and girls to get out of their homes and participate in public life. VOA’s Heather Murdock reports.
    Video

    Video A Year Later, Fortunes Mixed for Syrians Forging New Lives in Berlin

    In April of last year, VOA followed the progress of six young Syrian refugees -- four brothers and their two friends -- as they made their way from Libya to Italy by boat, and eventually to Germany. Reporter Henry Ridgwell caught up with the refugees again in Berlin, as they struggle to forge new lives amid the turmoil of Europe's refugee crisis.
    Video

    Video Zika Virus May be Hard to Stop

    With the Zika virus spreading rapidly, the World Health Organization Monday declared Zika a global health emergency. As Alberto Pimienta reports, for many governments and experts, the worst is yet to come.