Politics. On Point.

President Obama's plan to advance the country, with or without Congress approval, is again, picking up momentum. At least in the area of education. The president's plan to have all of America connected to the internet isn't a new idea, but the news that more and more companies share his vision is worth reporting.   After meeting with executives and CEOs of major US companies last week to talk about job growth, executives are now committing to provide resources in computer systems and internet connectivity for students. In a statement from the White House, companies like Microsoft, AT&T, and Apple, along with several other well-branded US companies are all in. "American companies are answering the President’s challenge to “dig deep” in support of ConnectED to enrich K-12 education, expand opportunities for students, and train, a 21 st  century workforce," writes the White House. Participation and commitments from US companies includ e: o  ...

  From the White House. One of the cornerstones of the President’s plan to create a better bargain for the middle class is to ensure that every American who is willing to work for it will have the opportunity for a good job that pays good wages. In today’s speech, the President laid out an idea that both parties should be able to support to create jobs: a plan that simplifies the tax code for our businesses and gives working families a better deal.    Our current tax code is broken and too complex, with businesses that play by the rules paying a 35% tax rate while many corporations that can hire hundreds of lawyers pay virtually no taxes at all. That is why the President has called for a revenue-neutral simplification of our business tax code to eliminate loopholes that encourage companies to ship jobs overseas and establishes a top tax rate of 28%. Under the President’s proposal, some businesses would pay less, some corporations would pay more, but everyo...

Report Details Consequences if Congress Fails to Extend Middle-Class Tax Cuts The White House released a report from the National Economic Council and the Council of Economic Advisers called The Middle-Class Tax Cuts’ Impact on Consumer Spending and Retailers . This report provides new analysis on the impact to retailers and consumer spending if Congress fails to act to avoid taxes going up on 98 percent of Americans at the end of the year. The President believes Democrats and Republicans should come together to renew middle-class tax cuts so families and businesses have more certainty at this critical time for our economy. If Congress acts, every American will get a tax break on their first $250,000 of income, and income taxes won’t go up for 98 percent of American families and 97 percent of small businesses. The President believes we must take a balanced approach to reduce our deficit, that’s why he has laid out a $4 trillion deficit reduction plan that asks the wealthy to pay ...