Covering

Covering Washington politics. From our vantage point. One day a time.



Saturday, April 7, 2012

The JOBS Act. Why You Pay More In Taxes Than The Rich. And More.

On the White House blog this week, three items became the central focus.

White House press release.

On the Budget/Buffet Rule
How Many Millionaires Paid $0 in Taxes? Find Out for Yourself
This week, the White House launched the official Federal Taxpayer Receipt for 2011, an online tool that gives Americans the ability to calculate where their tax dollars are being spent. The President believes the American people deserve to know exactly how and where their tax dollars are being spent, that’s why he launched the first such receipt last year.

President Barack Obama signs the Jumpstart Our Business Startups (JOBS) Act, which includes key initiatives the President proposed last fall to help small businesses and startups grow and create jobs, in the Rose Garden of the White House, April 5, 2012. (Official White House Photo by Pete Souza)

On the JOBS Act
The JOBS Act: Encouraging Startups, Supporting Small Businesses
President Obama recognizes the critical role these types of high-growth startups and innovative entrepreneurs play in creating an economy that’s built to last. That’s why back in the fall – and again in his State of the Union Address – the President put forward a series of specific proposals to ease regulations that prevent aspiring entrepreneurs from accessing the capital they need to grow and create jobs.

White House Blog: Three Charts Illustrating Two Different Visions for Our Nation
White House Communications Director Dan Pfeiffer lays out the key differences between the president’s approach and the Republican budget. “The President’s approach to reducing our deficit is a balanced approach that asks the wealthiest to pay their fair share, achieves significant health savings and enacts sensible spending cuts while making the investments we need to have a strong middle class.”

A few important stats to note:

The President’s Budget:
·        Raises more than $1.5 trillion in new revenue through upper income tax provisions, including expiration of the 2001/2003 high-income tax cuts and limiting tax expenditures for high-income households.
·        Cuts taxes for millions of middle-class families and protects families under $250,000 from tax increases.
·        Indexes the Alternative Minimum Tax to inflation to prevent a tax increase on millions of middle class families.
·        Calls for both individual and corporate tax reform and lays out principles for reform to promote fairness and economic growth.

On Military Spouses/Veterans
White House Blog: First Lady Announces 15,000 Jobs for Military Spouses
First Lady Michelle Obama and Dr. Jill Biden created Joining Forces to bring Americans together to recognize, honor and take action to support veterans and military families as they serve our country and throughout their lives. The Joining Forces initiative aims to educate, challenge, and spark action from all sectors of society to ensure veterans and military families have the support they have earned.

On Healthcare/Affordable Care Act
White House Blog: Bad Math and the Affordable Care Act
Deputy Assistant to the President for Health Policy Jeanne Lambrew breaks down falsities that opponents of the law are using to claim that the cost of the ACA has doubled to $1.7 trillion.

On Women &The Economy
The White House Council on Women and Girls hosted a Forum on Women and the Economy. President Obama delivered remarks at the Forum to highlight ways the Administration has helped create economic security for women and recognizes that women are key to economic growth and competitiveness.
                                   

No comments:

Post a Comment