Stable jobs in an economy built to lastView Romney's stance
To strengthen the economy for the long term, we have to restore middle class security so hard work pays off, responsibility is rewarded, and everyone plays by the same rules. Putting Americans back to work is job one, but we can't stop there—we have to create jobs that can help Americans provide for their families and save for retirement, and we have to keep our education system strong so the next generation is prepared for the jobs of the future.
When President Obama took office, jobs were disappearing at a rate of more than 750,000 per month. Today, instead of losing jobs, we're creating them—more than 4 million private sector jobs over 27 consecutive months.
Rebuilding our economy
While the economy has turned a corner under President Obama, there's still more work to do. President Obama has a concrete plan that creates jobs by investing in education, increasing community college job training, and creating incentives to bring manufacturing jobs back to the U.S. To learn more about the President's plan to rebuild our economy, click here.
The President knows we can't burden the next generation by living outside our means—that's why his budget cuts the deficit by more than $4 trillion over the next decade, including $2 trillion in deficit reduction enacted last year, while preserving investments in education and infrastructure.
Supporting financial security for families
The President is working to stop the trend of rising health care costs and give American families the security of knowing they can afford to make decisions based on what's right for their health, not their budget. Thanks to the Affordable Care Act:
- Young Americans up to age 26 can stay on their parents' health insurance.
- Insured Americans can no longer be subject to lifetime caps on their coverage.
- Insurance companies can no longer deny coverage to kids because of pre-existing conditions.
- Soon, no one can be denied coverage or charged more based on their health.
Consequences of Romney EconomicsView Obama's stance
Mitt Romney's economic plan is familiar and troubling: more tax cuts for the wealthy and fewer rules for Wall Street—the same formula that benefited the wealthiest Americans, but crashed our economy and punished the middle class.
- Mitt Romney's tax plans would raise taxes for 18 million working families by an average of $900 per family per year, while millionaires would see a 25% tax cut—or $250,000 a year.
- Romney opposes the Buffett Rule and refuses to ask the wealthiest Americans to pay their fair share, even though our broken tax system—which President Obama is fighting to fix—lets many millionaires and billionaires pay lower tax rates than middle-class families.
- As a corporate-buyout specialist, Romney laid off tens of thousands of workers, shipped American jobs overseas, and drove several companies into bankruptcy while making millions of dollars for himself and his investors.
- Mitt Romney would repeal the Affordable Care Act, taking us back to the days when medical problems contributed to nearly half of all bankruptcies, and insurance companies wrote their own rules and could refuse to cover pre-existing conditions or kick young people off their parents' insurance when they turn 18 or graduate college.