Share
Print7 News Features: Pres: Economy
Posted: 10/01/12
Reported by:
Producer:
Danny Cohen
Contact:
Archived Reports:
The economy looms large as the number one issue heading into the election, but the president and his GOP rival have sharply different views on the state of the U.S. recovery.
WSVN -- It's the four letter word at the heart of this year's presidential race.
Governor Romney: "Jobs."
President Obama: "Jobs."
Governor Romney: "Lots of jobs."
President Obama: "American jobs."
Governor Romney says the President has not done enough to stimulate private sector job growth, pointing to unemployment rates, which have remained above eight percent
Governor Romney: "There's almost nothing the President's done in the last three and a half, four years that gives the American people confidence. He knows what he's doing, when it comes to jobs and the economy."
Romney, laying out his own five-point jobs plan of energy independence, job skills, new trade agreements, deficit reduction and an emphasis on small business.
Governor Romney: "My plan for a stronger middle class will create 12 million jobs by the end of my first term, and it will raise take home pay."
And while the President's own job's plan stalled in congress, he touts the bailout and recovery of the U.S auto industry and says overall, the workforce is digging out from the great recession.
President Obama: "This country created over half a million manufacturing jobs in the last two and a half years."
If there's another four letter word on the minds of Americans it's debt. As in the national debt. Romney hammering home the mounting $16-trillion debt under the president's watch.
Governor Romney: "It's not just bad for the economy, its not just bad for our job creation, it will in my opinion, it is immoral for us to pass on obligations like that to the next generation."
Both Romney and the President want to reduce the deficit, but disagree on how.
Romney wants to reduce the federal workforce and supports a balanced budget amendment to the constitution. The President opposes a constitutional amendment, and says getting the nation's fiscal house in order is important but...
President Obama: "We're going to reduce our deficit without sticking it to the middle class."
Which brings us to taxes. Both candidates want to simplify the tax code. Romney wants to keep the current tax rates on interest, dividends and capital gains, but eliminate those taxes for people who gross less than $200,000 a year. Romney also wants to eliminate the death tax. The President wants to end tax cuts for households making $250,000 a year or more.
President Obama: "I don't believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit."
Governor Romney: "Let me make this very clear. Unlike President Obama, I will not raise taxes on the middle class of America."
Craig Stevens: "To read more about each candidate's plan on jobs, taxes and the deficit, the first Presidential debate is on Wednesday, and you can watch the entire thing live on 7News or www.wsvn.com
GOV. MITT ROMNEY:
TAXES: http://www.mittromney.com/issues/tax
JOBS: http://www.mittromney.com/jobs
NATIONAL DEBT: http://www.mittromney.com/issues/spending
PRES. BARACK OBAMA
Taxes: http://www.barackobama.com/taxes/
JOBS/NATIONAL DEBT: http://www.barackobama.com/issues/
Governor Romney: "Jobs."
President Obama: "Jobs."
Governor Romney: "Lots of jobs."
President Obama: "American jobs."
Governor Romney says the President has not done enough to stimulate private sector job growth, pointing to unemployment rates, which have remained above eight percent
Governor Romney: "There's almost nothing the President's done in the last three and a half, four years that gives the American people confidence. He knows what he's doing, when it comes to jobs and the economy."
Romney, laying out his own five-point jobs plan of energy independence, job skills, new trade agreements, deficit reduction and an emphasis on small business.
Governor Romney: "My plan for a stronger middle class will create 12 million jobs by the end of my first term, and it will raise take home pay."
And while the President's own job's plan stalled in congress, he touts the bailout and recovery of the U.S auto industry and says overall, the workforce is digging out from the great recession.
President Obama: "This country created over half a million manufacturing jobs in the last two and a half years."
If there's another four letter word on the minds of Americans it's debt. As in the national debt. Romney hammering home the mounting $16-trillion debt under the president's watch.
Governor Romney: "It's not just bad for the economy, its not just bad for our job creation, it will in my opinion, it is immoral for us to pass on obligations like that to the next generation."
Both Romney and the President want to reduce the deficit, but disagree on how.
Romney wants to reduce the federal workforce and supports a balanced budget amendment to the constitution. The President opposes a constitutional amendment, and says getting the nation's fiscal house in order is important but...
President Obama: "We're going to reduce our deficit without sticking it to the middle class."
Which brings us to taxes. Both candidates want to simplify the tax code. Romney wants to keep the current tax rates on interest, dividends and capital gains, but eliminate those taxes for people who gross less than $200,000 a year. Romney also wants to eliminate the death tax. The President wants to end tax cuts for households making $250,000 a year or more.
President Obama: "I don't believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit."
Governor Romney: "Let me make this very clear. Unlike President Obama, I will not raise taxes on the middle class of America."
Craig Stevens: "To read more about each candidate's plan on jobs, taxes and the deficit, the first Presidential debate is on Wednesday, and you can watch the entire thing live on 7News or www.wsvn.com
GOV. MITT ROMNEY:
TAXES: http://www.mittromney.com/issues/tax
JOBS: http://www.mittromney.com/jobs
NATIONAL DEBT: http://www.mittromney.com/issues/spending
PRES. BARACK OBAMA
Taxes: http://www.barackobama.com/taxes/
JOBS/NATIONAL DEBT: http://www.barackobama.com/issues/