The President has continually called for an extension of the middle-class tax cuts only because middle-class families have borne the brunt of this economic crisis and they need their leaders to fight for them. Raising taxes on the middle-class right now would be crippling to the economic recovery and unfair to working families.
· While Democrats fought for middle-class families, Republicans in Congress have advocated for an extension of tax cuts for the wealthiest 2%. Economists agree that tax cuts for the wealthy do little to help our economic recovery. The President fought this effort that would cost $700 billion because at this time we need to reduce the deficit.
· For weeks, the debate has been at a standstill with both sides unwilling to give in, and this may have been a stalemate that continued into the coming new year. So the President had a choice: allow a tax hike for almost every American on January 1st, or work to find a compromise.
· If the current tax cuts were allowed to expire, a typical family would see a $3,000 tax increase and the economy could have shed more than one million jobs. The President refused to allow the stalemate to cost working Americans their livelihoods. But he also refused to permit Republicans to give millionaires and billionaires tax cuts while they blocked an extension of unemployment benefits for laid-off American workers and other middle class and small business tax relief.
· The bipartisan agreement reached this week will ensure that every American family keeps their tax cuts for the next two years and protects tax cuts for working Americans. And by giving Congressional Republicans a tax cut for the wealthiest Americans, the President has protected crucial tax cuts for working families that, without this deal, would have expired at the end of the year.
· These tax cuts include: the American Opportunity Tax Credit, which makes sure more than 8 million students and families won’t see college costs increase; the Earned Income Tax Credit, which helps families move out of poverty; and the Child Tax Credit, which will ensure that people don’t see their taxes increase by as much as $1,000 a child.
· Along with these tax cuts, this deal will also extend unemployment insurance for an additional 13 months, which will help two million Americans who are out of work through no fault of their own. If we had allowed this much-needed relief to expire, more Americans would have fallen on harder times, which would have hurt our economy further by reducing demand at this important point in our economic recovery.
· This deal also includes a 2 percent employee payroll tax cut for workers, which is something economists from across the political spectrum believe is one of the most important things we can do to create jobs and aid in economic growth.
· Last, by enabling businesses to completely write off their investments next year, the deal provides incentives for businesses to invest and create jobs. This is something the President has been advocating for since September to help American businesses create jobs, and now we’re going to see it get done.
· After two years, these tax cuts will expire. The President is confident that as we work hard and make the tough choices to decrease the deficit, we’ll see that we just can’t afford extending these tax cuts any more.
· But at this moment, the President believes this is the right step forward because it is a critical step in our path to economic recovery. It will prevent taxes for middle-class families from increasing, will help the private sector to create millions of additional jobs, and it will help build the momentum our economy needs at this critical time.
The White House Office of Public Engagement would like to invite you to join us for a briefing call Thursday, October 21 at 11:00am CENTRAL. On the call, Administration officials will discuss our report on the impact of this recession on women and how our agenda affects women moving forward.
This call is on background and not intended for press purposes.
WHAT: Briefing Call on Women and the Economy
WHEN: Thursday, October 21 2010, at 12:00pm Eastern Time
DIAL-IN: (800) 762-4832
No pass code necessary, just provide the title “Women and the Economy”
Please share this call information with your network.
We look forward to speaking with you Thursday.
Jenny Y. Kaplan
White House Council on Women and Girls
On Tuesday, President Obama visited Albuquerque, New Mexico, where he held a backyard conversation with voters. During that conversation, President Obama talked about the importance of education, and he highlighted initiatives like Race to the Top and student loan reform that will help to ensure that American children and students have access to the best educational opportunities. During that conversation, the President said:
“We‟ve got to have a long-term plan for how we make sure America remains the number one economy in the world and how we make sure that we still have opportunities for middle-class Americans to prosper and to expand, to be able to support their families and send their kids to college and retire with dignity and respect; and how do we provide ladders for people who aren‟t yet in the middle class to be able to get into the middle class; how do we help small businesses grow; how do we help make sure that our large businesses are the innovators that are designing the new products that we‟re able to sell overseas… And the number one issue in terms of us succeeding as an economy is going to be how well we educate and how well we train our kids. Nothing else comes close…
“[So] first of all, we set up something called Race to the Top. And what we said was that if states wanted to get some additional money, some extra money to help their schools, they would have to compete for that money by showing us what it is that you‟re doing to reform the school system so that you get excellent teachers, you have high standards, the schools are accountable; that you‟re going after the lowest-performing schools and not just sort of skimming off the top…
“Number two, we‟ve been helping make sure that more young people get early childhood education, because the studies show that if kids are well prepared when they get to school, then they are much likely to do better…
"[The] third thing we‟ve been doing is focusing on higher education… we‟ve been able to save $60 billion that we‟re putting in now to make sure that millions more young people across the country are able to get the student loans and the Pell Grants that they need. And starting in 2014, we‟re actually going to be able to say to young people that you will never have to pay more than 10 percent of your income in repaying your student loans.”
OKLAHOMA CITY (September 28, 2010) — Opio Toure, a former Oklahoma state representative, lawyer, activist, and humanitarian will be commemorated with the portion of Interstate 35 in Oklahoma City running between Northeast 23rd Street and Interstate 40 being named in his honor. State Rep. Mike Shelton announced today that the dedication and unveiling of the “State Representative Opio Toure Memorial Highway” will take place on October 15.
“Opio Toure was a compassionate Christian man who worked tirelessly on behalf of those who have no voice, and Oklahoma is a better place because of him,” said Shelton , D-Oklahoma City . “He was a dear friend and fellow lawmaker, and I was humbled and inspired by his life and legacy.”
Toure, a Democrat from Oklahoma City , served in the Legislature from 1994-2006. During this time, he was appointed to leadership roles including serving as the Democratic Floor Leader. One of Toure’s many notable accomplishments included writing legislation that gave people who are wrongfully convicted and imprisoned the right to apply for compensation, and in 2002, he was awarded the Angie Debo Award by the American Civil Liberties Union.
In that same year, Toure, who was a die-hard opponent of the death penalty, shepherded House Bill 2635 through the Legislature, which was a measure that sought to stop the execution of mentally disabled offenders with intelligence quotients of 70 or below. Later, the U.S. Supreme Court determined in the case of Atkins v. the state of Virginia that executing the mentally disabled was in fact cruel and unusual punishment.
A Langston alumnus, he accepted the position of assistant professor at Langston University in 2007, where he was instrumental in developing the institution's Pre-Law Initiative, a program geared towards growing the number of students of African descent into law schools. He taught at Langston University until his death on February 4, 2008.
Everyone is encouraged and welcomed to attend the dedication and unveiling ceremony on October 15th at 2:30 p.m. at the Langston University OKC Campus at 4205 N. Lincoln Boulevard .
“Opio Toure’s loss is still felt in our community, and this dedication is a well-deserved and fitting tribute to a man who improved and inspired the lives of so many in our state,” said Shelton .
You are Invited to a
HEALTH CARE CONFERENCE CALL WITH PRESIDENT OBAMA
Linking Community and Faith Leaders to Information about New Benefits
Date: Tuesday, September 21, 2010
Time: 4 PM Eastern, 3 PM Central, 2 PM Mountain, 1 PM Pacific
Dial in information:
For those with internet access, please join the call online at:
For those without internet access, please dial: 1-888-455-6860 or 1-866-844-9416
A Conference Call for Faith and Community Leaders with the President of the United States
You are invited to join President Obama for a conference call to discuss key new benefits under the Affordable Care Act. We want to ensure that community leaders like you have the most up-to-date information and resources about these new benefits to share with your communities and congregations.
On September 23rd, the six month anniversary of the Affordable Care Act, several new health care benefits begin to apply: eligible young people up to age 26 can stay on their parents¿ health plan, key prevention benefits are covered without co-pays or deductibles in new plans, and insurance companies may no longer deny coverage to kids because of pre-existing conditions or drop someone from coverage because of a paperwork mistake.
President Obama will speak about how consumers and communities are already benefiting from the new law. HHS officials will provide an update on how the Affordable Care Act is being implemented, highlight new outreach resources, and answer questions from community and faith leaders. Community and faith leaders will also share their efforts to bring the benefits of health care reform home to communities.
Please forward this invitation to your members and partners.
This call is closed press and for your informational purposes only.
You do not need to RSVP for this call. If you have questions, email email@example.com