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July 11, 2012

Obama Pushes Tax Plan on Campaign Trail 
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President Obama hit the campaign trail in Iowa on Tuesday one day after
calling for extending the Bush-era tax cuts to Americans making less
than $250,000 a year. Drawing a contrast with Republican rival Mitt
Romney, Obama said those making above that amount should return to the
tax levels they paid before Bush took office.

President Obama: "I believe that we should make sure that the taxes on
98 percent of Americans don't go, and then the tax cuts expire for the
folks like me, for the top 2 percent of Americans. So anybody making
over $250,000 a year, including me — we can go back to the tax
rates we were paying under Bill Clinton, which by the way, was a time
when our economy created nearly 23 million new jobs, the biggest budget
surplus in history and created many millions to boot."

In his remarks, President Obama also continued with a campaign theme of
linking Romney to the outsourcing of U.S. jobs following reports about
the practices of Romney's former company, Bain Capital.

President Obama: "Governor Romney has experience owning companies that
were called pioneers in the business of outsourcing. My experience has
been working with outstanding members of labor and great managers to
save the American auto industry, and as long as I'm President, I will
keep fighting to make sure that jobs are located here in the United
States of America."

 

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