country – goals in manufacturing, energy, education, national security
and the deficit… This is a real, achievable plan that will lead to new
jobs and more opportunity, and rebuild this economy on a stronger
foundation.” – President Obama
It’s time for a new economic patriotism, rooted in the belief that growing our economy begins with a strong, thriving middle
class. Over the past 31 months, American businesses have created 5.2 million jobs. Independent economists project that our
economy will create an additional 12 million jobs in the next four years. The President believes we must do even more to
grow our economy and strengthen the middle class. The goal of his jobs plan is to strengthen middle-class security by making
smart investments in education and training, growing small businesses, promoting technology and innovation, and reducing
BUILDING AN ECONOMY FROM THE MIDDLE
CLASS OUT
Reviving American Manufacturing. President Obama’s policies have helped manufacturing rebound,
creating nearly 500,000 jobs in the last 31 months. The President’s plan will build on that success,
creating 1 million new manufacturing jobs by 2016.
Energy Made in America. Dependence on foreign oil hurts our economy and imperils national
security, which is why President Obama has set a goal of cutting our net oil imports in half by
2020. President Obama’s policies have helped to cut net imports by nearly 30% in his first term
already, and his plans to expand domestic energy production will support more than 600,000 jobs
in the natural gas sector alone.
Growing Small Businesses. Small businesses create two out of every three new jobs in America.
President Obama has invested in entrepreneurs and small business owners by cutting taxes,
helping them expand into markets overseas and working to ensure they can get the capital they
need to invest and grow.
Quality Education. A quality education is not a luxury. It is an economic imperative for goodpaying jobs, a strong middle class and a workforce that out-innovates the world. President
Obama will strengthen our schools by recruiting 100,000 math and science teachers, training
2 million workers for real jobs at community colleges, and cutting tuition growth in half.
Cutting The Deficit By More Than $4 Trillion. We must return to the principles that made
America great, rewarding hard work and responsibility. By eliminating special loopholes
and tax breaks that benefit big business and the wealthiest – as part of a balanced deficit
reduction plan that also cuts spending we can’t afford – we can grow our economy
without burdening our children and grandchildren with debt.
Putting YOU in Charge of Your Health Care. Health care costs were skyrocketing and
families were denied care. So President Obama passed a landmark law to expand access
to affordable insurance, letting young adults stay on their parents’ plan until age 26,
eliminating lifetime coverage limits, ending denials based on pre-exisiting conditions,
and eliminating cost sharing and other out-of-pocket costs for recommended preventive
care.
Protecting Retirement Security. We can choose a future where we cut our deficit
without wrecking our middle class. President Obama has put forward a specific,
balanced plan of spending cuts and revenue increases providing more than $4 trillion
in deficit reduction over the next decade, without ending guaranteed benefits in
Medicare or slashing Social Security.
“We refused to let Detroit go bankrupt. We bet on American workers
and American ingenuity, and three years later, that bet is paying off
in a big way.” – President Obama
REVIVING AMERICAN
MANUFACTURING
Manufacturing and technology are the life-blood of
middle-class families and key engines of the American
economy, sparking innovation, generating higher-wage
jobs, and strengthening entire communities. But we
can’t create an economy built to last if America doesn’t
make things the world buys.
Nearly 500,000 new manufacturing jobs
since January 2010.
The American manufacturing sector has rebounded –
led by the auto industry rescued by President Obama
– fueling 31 straight months of job growth, adding 5.2
million private sector jobs. Manufacturing jobs are
growing for the first time since the mid-1990s.
President Obama gave emergency loans to rescue
General Motors and Chrysler, saving more than 1
million jobs up and down the auto supply chain and
preventing the loss of over $96 billion in personal
income.
President Obama created the National Export
Initiative to promote U.S. goods and signed Free Trade
Agreements with South Korea, Panama and Columbia,
removing trade barriers, expanding access to credit,
and putting America on the path to double exports by
2015. Exports are up 36% since he took office.
President Obama brought more trade cases against
China in four years than the previous president did in
eight years and won every one of them that has been
decided.
For the first time in years, manufacturing companies
are seeking to bring back jobs that were sent overseas,
according to the Boston Consulting Group.
But there’s more to do.
A national goal to create 1 million new manufacturing
jobs by the end of 2016:
1. Reforming the corporate tax code to bring down tax
rates – cutting tax rates on domestic manufacturers
by nearly a quarter – while closing tax preferences
and loopholes to pay for it.
2. Ending tax deductions for companies shipping jobs
overseas, and using the savings to create a new tax
credit for companies that bring jobs home.
3. Standing up for American workers and businesses in
the global marketplace, taking on China’s unfair trade
practices through a new trade enforcement unit to
level the playing field.
4. Training 2 million workers with the skills for good
jobs through new partnerships between community
colleges and employers.
5. Creating a new network of 15 to 20 manufacturing
innovation institutes to bring together business
and research universities to ensure that the
next generation of products are invented and
manufactured here.
Comments
Post a Comment