Romney’s plan, is a tax cut for millionaires and oil companies; a tax cut for companies that ship jobs overseas. Romney wants a tax hike for 18 million working Americans. President Obama’s plan, ask the wealth to pay a little more so the middle class pays less. Eliminate tax cuts for oil companies and companies that outsource jobs.
It turns out Mitt Romney’s tax plan actually would create jobs—overseas.
Independent economists say Romney’s plan to eliminate U.S. taxes on companies’ foreign incomes could create up to 800,000 jobs in foreign countries. It’s a good deal for American multinational corporations to be sure, but it would be devastating to American workers.
This news isn’t surprising when you consider Romney’s long and colorful history of creating jobs overseas instead of in America. As a corporate buyout specialist for two decades, he profited off investments in companies that the Washington Post called “pioneers” of the practice of shipping American jobs to countries like China and India. And as governor of Massachusetts, he outsourced state jobs to a call center in India and vetoed a bill that would have prohibited state jobs from going overseas.
Share this image to spread the word: Romney would be good for Canada, China, and the Netherlands—but not America.
Yesterday, Vice President Joe Biden spoke to more than 100 community leaders from across the country representing over 60 seniors groups in the Leadership Council of Aging Organizations. He told the audience that when it comes to Social Security and Medicare, “the question is what are we going to do to strengthen and sustain these programs now and for the future.” In contrast, Congressional Republicans are trying to weaken or dismantle these programs.
Last year, Congressman Paul Ryan proposed to end traditional Medicare. His plan, which was embraced by his Republican colleagues, would give seniors a voucher to buy private insurance and hold them responsible for any costs that exceed the value of the voucher. As a result, the typical 65-year-old’s out-of-pocket health care costs would double over time. While Congressman Ryan introduced a revised plan this year, it still relies on a voucher system that would increase the financial burden on seniors.
President Obama and Vice President Biden want to strengthen Medicare and secure the program for the future. Our health care law extends the life of Medicare by eight years by taking smart steps like cutting waste and fraud and creating incentives to cut down on hospital readmissions. These steps will save seniors in traditional Medicare an average of $160 on premiums and copays in 2012 alone. In addition, the law has already saved 5.3 million seniors an average of $600 on prescription drugs by closing the “donut hole,” and has ensured that over 30 million have access to free preventive services like cancer screenings and annual wellness visits.
While Social Security is projected to remain solvent through 2033, it will eventually face a shortfall. Some Congressional Republicans have suggested that we should address this shortfall entirely through deep benefit cuts that could cost a typical senior hundreds of dollars every month. We believe that Social Security can be preserved for future generations without slashing benefits and we will oppose any efforts to privatize or weaken the program.
As the Vice President said today, when it comes to preserving these vital programs, we “refuse to shift the burden… onto the backs of the people who worked so darn hard their whole life, who earned their retirement.”
Martin Heinrich’s campaign for the U.S. Senate has announced that the Democratic candidate will participate in four debates hosted by media outlets in both of New Mexico’s major television markets.
“Our country is at a pivotal moment with much at stake, including the future of New Mexico’s middle class and those trying to reach it. That is why it’s critical that all voters across our state have the opportunity to hear directly from my opponent and me on a range of issues,” said Heinrich. “In sharp contrast to Congresswoman Heather Wilson who voted to raise her own pay six times while voting against raising the minimum wage, I’ve always stood up for what’s right for our country and for the people of New Mexico.”
Heinrich accepted invitations to participate in debates in both of New Mexico’s major television markets in Las Cruces and Albuquerque in October:
Las Cruces-Sun News/KFOX TV 14
Details to be determined for a televised debate in October.
KRQE News 13
Thursday, October 11, 2012 from 6 to 7 p.m. at the KRQE studios.
Sunday, October 21, 2012 from 6 to 7 p.m. at the KOAT studios.
KOB Eyewitness News 4
Thursday, October 25, 2012 from 7 to 8 p.m. at a public venue to be determined.