President Obama Speaks Out Against Mitt Romney’s Tax Hike

In Orlando yesterday, President Obama spoke on Romney’s middle class tax increase and shared how his plan will keep strengthening middle class families.

President Obama was in Orlando, Florida to discuss the choice in this election between two fundamentally different visions of how to grow the economy, create middle-class jobs and pay down the debt.

The President believes the only way to create an economy built to last is to build it from the middle out, not the top down. He highlighted the stark contrast between his plan to provide tax relief for middle class families and Mitt Romney’s tax plan, which a new report by the independent, nonpartisan Tax Policy Center shows that his $5 trillion tax plan would require hiking taxes on middle class families to pay for tax cuts for the wealthy.

President Obama’s plan to prevent a tax hike on the middle class enacts spending cuts and reforms and asks the wealthiest to pay their fair share again so we can reduce our deficit in a balanced way.

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“Muchísimo” – Obama for America anuncia el apoyo

Inscríbete: http://OFA.BO/bBGV6c

Cristina Saralegui:”Me da gracia cuando algunos dicen que el Presidente Obama no ha hecho nada.

“¿De verdad? Nos ayudo evitar una depresión económica.

“Logro una ley de salud que nos garantiza acceso a cuidado medico. Mantuvo a un nivel mínimo los intereses de los préstamos universitarios. Elimino a Osama bin Laden y retiro nuestras tropas de Irak.

“¿Entonces, que ha hecho Obama? Muchísimo”


Cristina Saralegui: “It makes me laugh when some say that President Obama has done nothing.

“Really? He helped us avoid a depression.

“He passed a health law that guarantees access to medical care, kept to a minimum college loans, eliminated Osama bin Laden as threat to the United States and withdrew our troops from Iraq.

“So what has President Obama done? Very much!”

The Choice on Debt: A Balanced Approach

The choice on debt.

Mitt Romney’s plan: huge tax cuts for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, adding trillions to the deficit.

President Obama’s plan: a balanced approach that asks the wealthy to pay a little more, eliminates tax breaks for outsourcing and oil subsidies, cuts government spending, and reduces the deficit by four trillion

Two plans. Your choice.

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Stephanie Cutter: Mitt Romney’s Middle Class Tax Increase

Stephanie Cutter breaks down what Mitt Romney’s tax plan means for families and how President Obama’s plan will cut the deficit while still making the investments we need to grow and keep middle class families strong.

Go to and use the tax calculator to see how these two very different plans will affect you.

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Mitt Romney’s Middle Class Tax Increase: He Pays Less, You Pay More

You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxes—probably less than you.

Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney’s middle class tax increase: he pays less, you pay more.

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Heather Wilson Helped Ship American Jobs to China & India

As a Congresswoman, Republican Heather Wilson helped send jobs to China and India by voting to protect special tax breaks for companies shipping jobs overseas. Wilson even signed a pledge to protect those tax breaks. Now she wants to be New Mexico’s U.S. Senator.

Heather Wilson looks out for them, not us.

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A New Step Forward to Protect American Wind Energy Jobs

Yesterday in an overwhelmingly bipartisan vote, the Senate Finance Committee passed a one-year extension of the Production Tax Credit (PTC) for the domestic wind industry. For months, the President has been calling on Congress to extend the PTC – which is currently slated to expire at the end of 2012 – in order to save tens of thousands of jobs in the American wind industry, manufacturing industry, as well as the associated supply chain. We applaud the bipartisan leadership showcased today in the Finance Committee and urge the rest of Congress to follow the Committee’s lead as expeditiously as possible.

Renewing the PTC has been a top priority for the President because he views the American wind industry as an American success story. Over the past few years – thanks in part to the PTC – this industry has flourished. Today, we have enough wind capacity to power 10 million homes across the country. In 2011, which was a banner year for the industry, nearly one-third of all new power capacity in the United States came from wind.

Notably, as part of the package passed today in the Senate Finance Committee, an important provision was included that allows wind developers to use the Investment Tax Credit (ITC) instead of the Production Tax Credit, which is critical for offshore wind projects in particular.

In a parallel trend, the domestic content of wind turbines has increased dramatically in recent years. It used to be that we had to import most of the 8,000 component parts that go into a modern wind turbine. But today, with nearly 500 wind-related manufacturing facilities in 43 states, we’re producing more and more of those parts in America, which means job opportunities for tens of thousands of American workers in every corner of the country.

However, without an extension of the PTC, the progress and the milestones of the past few years are in jeopardy. Many manufacturers are already reporting that demand for wind turbines has begun to dramatically slow in light of the uncertainty around this credit, and we know from historical precedent that abruptly ending the PTC would have a significant impact on employment in wind industry.

To simply sit back and let this happen would make no sense – and it shouldn’t be a partisan issue, as evidenced by the 19-5 vote in the Finance Committee today. Moreover, the PTC is supported by the Chamber of Commerce, Fortune 500 Companies like Nike and Yahoo! and Starbucks, and large number of Democratic and Republican governors across the country.

For example, Terry Branstad, the Governor of Iowa, recently said about the PTC that it “has been a very good thing for Iowa in terms of 20 percent of our energy is now generated by wind.”

It’s time for Congress to put politics aside, and support this clear job provision, that supports American workers, American manufacturing, and American competiveness.

We hope Congress agrees and joins the Obama administration in these efforts.