Politiek « Terug naar discussie overzicht

Obama draadje voor al uw nieuws en discussies

408 Posts, Pagina: « 1 2 3 4 5 6 ... 14 15 16 17 18 19 20 21 » | Laatste
voda
0
Obama Urges End ‘Unwarranted’ Oil, Natural Gas Tax Breaks

By Roger Runningen - Apr 26, 2011 7:49 PM GMT+0200

President Barack Obama urged congressional leaders to act quickly on his proposals to eliminate “unwarranted” tax breaks for the oil and gas industry and use the savings to fund clean energy programs.

His request to Democratic and Republican leaders of Congress came after House Speaker John Boehner expressed “openness to eliminating these tax subsidies,” according to a letter released by the White House.

Obama said there is “no silver bullet” to stop rising gasoline prices that are putting pressure on consumers and threatening to hinder the recovery. Instead, the U.S. should act to buffer Americans from higher prices in the long term by investing in alternative energy, he said.

“One of those steps is to eliminate unwarranted tax breaks to the oil and gas industry and invest that revenue into clean energy to reduce our dependence on foreign oil,” Obama wrote in a letter to Boehner, House Democratic leader Nancy Pelosi, Senate majority leader Harry Reid and Republican leader Mitch McConnell.

Energy prices, particularly gasoline, are emerging as a political issue as Obama is preparing for his 2012 re-election campaign. Oil for June delivery fell 16 cents to $112.12 a barrel at 11:43 a.m. on the New York Mercantile Exchange. Prices have gained 33 percent in the past year. The average retail price for a gallon of gasoline is $3.869, compared with $2.854 a year ago, according to the AAA’s daily survey.

Boehner Remarks
Boehner, an Ohio Republican, told ABC News in an interview broadcast yesterday that subsidies for oil and gas companies are “certainly something that we ought to be looking at.”

“Everybody wants to, to go after the oil companies,” Boehner said. “And, frankly, they’ve got some part of this to blame.”

Obama’s fiscal 2012 budget plan, unveiled Feb. 14, proposes eliminating oil and gas tax breaks estimated at $46.2 billion over 10 years. Those targeted include $11.2 billion from the so- called percentage depletion deduction for oil and natural gas wells, which benefits small producers.

The budget proposal also targets a break that currently lets oil companies expense production costs such as labor, drilling rig time and rig maintenance, and reduce their tax liability more quickly than under regular depreciation rules.

Boehner’s spokesman, Brendan Buck, said today that what Obama has proposed so far “would simply raise taxes and increase the price at the pump.”

Obama also is working to save his proposals for research and development of alternative and clean energy sources from budget cuts as Congress and the administration look for ways to trim budget deficits that are forecast to exceed $1 trillion this year and next.

To contact the reporter on this story: Roger Runningen in Washington at rrunningen@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
.
www.bloomberg.com/news/2011-04-26/oba...
voda
0

Obama populairder door dood Bin Laden

© reuters

De populariteit van de Amerikaanse president Barack Obama heeft een fikse oppepper gekregen door het doodschieten van terroristenleider Osama bin Laden. Vooral op internationale onderwerpen zoals terrorisme en Afghanistan kan hij nu rekenen op goedkeuring van een meerderheid van de Amerikanen. Dat blijkt uit een enquête van bureau USA Today/Gallup.
De Amerikanen zijn echter veel minder te spreken over Obama's aanpak van de economische problemen en het begrotingstekort van de VS.

De algemene waardering voor Obama toont een gestaag stijgende lijn sinds Bin Ladens dood. In de week ervoor was nog 44 procent van de ondervraagden tevreden, sindsdien is het gemiddeld 50 procent.

Gallup ondervroeg 1024 volwassenen in alle 50 Amerikaanse staten tussen 12 en 15 mei.


08/06/11 18u44

volledig dossier: Osama bin Laden

www.ad.nl/ad/nl/5887/Osama-bin-Laden/...
voda
0
Obama waarschuwt voor economische 'meltdown'
Gepubliceerd op 14 jun 2011 om 15:04 | Views: 633

WASHINGTON (AFN) - De Amerikaanse president Barack Obama voorziet een nieuwe economische 'meltdown' als niet snel wordt besloten om het schuldenplafond van de VS te verhogen. Dat zei hij dinsdag tegen de zender NBC.

De Amerikaanse staatsschuld heeft het wettelijke maximum vorige maand bereikt. De grens moet daarom worden opgerekt, om te voorkomen dat het land zijn rekeningen niet meer kan betalen. ,,We kunnen zomaar weer een herleving van de financiële crisis krijgen, als we de spanning te ver laten oplopen'', aldus Obama. Maar de Amerikaanse president zei er meteen bij dat hij denkt dat het wel lukt.

De verhoging van de maximale schuld is normaal gesproken een formaliteit, maar wordt nu aangegrepen voor een felle politieke strijd over de snelheid waarmee het gat op de Amerikaanse begroting moet worden gedicht.


voda
0
Obama, Boehner Recast Old War Powers Struggle

By Margaret Talev and James Rowley - Jun 17, 2011 10:38 PM GMT+0200

House Speaker John Boehner once called the War Powers Resolution “constitutionally suspect.” President Barack Obama, when he was a senator, argued that Congress must have the “backbone” to stand up to presidents when they want to send troops into battle.

The U.S. mission in Libya now has the two men pitted against one another from opposite sides of the argument. The standoff has escalated since the administration produced a 32- page report on June 15 laying out the president’s rationale for committing U.S. forces to an air campaign with NATO allies against Muammar Qaddafi’s troops without congressional approval.

Lawmakers yesterday suggested two possible outcomes.

Boehner, an Ohio Republican, said the House will look at options to force Obama’s hand, including cutting off funding for the operation or blocking unrelated White House priorities. Democratic Senator Richard Durbin of Illinois, a close ally of Obama, said Congress should go ahead and give its support for military operations against Qaddafi’s regime.

“The right thing to do is for Congress to approve of the president’s action, make it official,” Durbin said. “Whether it’s necessary, if it includes reference to it and makes it clear that we are acting consistent with the war powers act, that’s what I’m looking for.”

At issue is the War Powers Resolution, passed in 1973 in reaction to U.S. involvement in Vietnam. It has been at the center of struggles between presidents of both parties and Congress ever since.

Supporters and Critics

Even supporters of Obama and U.S. action against Qaddafi were critical of the administration’s argument that the president doesn’t need congressional authorization. In its report to Congress, the administration said the War Powers Resolution doesn’t apply to the Libya mission because the U.S. is primarily in a support role and isn’t engaged in hostilities as defined in the law.

Still, the report repeated that the White House would welcome a resolution of support that a bipartisan group of senators has drafted to “confirm that both branches are united in their commitment to supporting the aspirations of the Libyan people for political reform and self-government.”

Senator John McCain, an Arizona Republican and one of the sponsors of the resolution, said he found Obama’s legal argument “hard to swallow.” Senator Richard Lugar of Indiana, the top Republican on the Senate Foreign Relations Committee, called Obama’s stance “both legally dubious and unwise.”

Separation of Powers

Representative Jim Clyburn, a South Carolina Democrat, said Boehner “has a legitimate point.”

“It’s all about separation of powers,” Clyburn said.

Boehner’s objections are joined by antiwar Democrats such as Ohio Representative Dennis Kucinich, who with nine other lawmakers has filed a lawsuit challenging the president’s authority to carry out the mission.

Kucinich said today he would move to cut off funds for continued U.S. military support for the Libya operation when the House begins debate next week on the annual defense- appropriations measure.

“In a direct challenge to Congress, the administration is continuing the war despite its inability to provide a constitutional or legal justification for bypassing” lawmakers, Kucinich said in a statement.

An earlier Kucinich amendment to order an end to the U.S. role in the Libya mission in 15 days was defeated on June 3, though it drew support from 87 Republicans and 61 Democrats.

Warning From McCain

McCain warned his fellow Republicans against trying to block the mission, saying they need to ask themselves if they want to appear to take sides with Qaddafi against Obama.

“The administration may assert that we are not engaged in hostilities in Libya, but the Senate should go on record as authorizing these operations,” he said in the text of a speech he delivered on the Senate floor yesterday.

Obama, 49, ordered military action against Qaddafi’s regime in March, saying he was acting to keep a “tyrant” from killing civilians protesting his rule. Since then the mission’s lead has been transferred to the North Atlantic Treaty Organization.

The conflict in Libya, which has Africa’s largest proven oil reserves, followed uprisings elsewhere in North Africa and the Middle East that toppled long-time leaders in Egypt and Tunisia.

Oil Prices

Violence in the region has helped push up oil prices, and futures are up 22 percent from a year ago. Crude oil for July delivery dropped $1.94 to $93.01 a barrel.

Obama, a Democrat, and Boehner have argued opposite sides of the issue in the past.

Boehner, 61, in 1999 spoke against invoking the War Powers Resolution to constrain then-President Bill Clinton’s decision to initiate a NATO air campaign in Kosovo. Boehner said it would tie the hands of future presidents in responding to crises.

Obama’s remarks were made in a 2007 speech at DePaul University in Chicago. An opponent of the Iraq war, Obama said the War Powers Resolution was written to make sure Congress wouldn’t be “duped” into a war.

Scholars such as Mark Rozell, a public policy professor and expert on presidential powers at George Mason University in Arlington, Virginia, said Obama may be on thin legal ground with his current argument.

Rozell described Obama’s rationale in the White House report as “clever, legalistic language” that relies on “bad precedents” over the past four decades in which Congress ultimately didn’t punish presidents for acting without their consent.

Obama ‘Overreached’

“The president overreached his constitutional authority,” he said.

Louis Fisher, who worked for four decades as a specialist on separation of powers and constitutional law with the Library of Congress, said Obama miscalculated on his approach.

“If it had been a week or two, it would be OK,” but as the conflict stretches into months, “now it’s not OK. I think he’s been giving the back of his hand to Congress.”

Fisher said Obama has backed himself into a corner politically. “If he now has to come get authorization, people will say ‘Why didn’t you do that back in February?’” he said.

Fisher also said the United Nations Security Council authorized a mission to protect the Libyan people. The campaign has extended to ousting Qaddafi.

Unless Obama changes his approach with Congress, Fisher said, “I think it’s going to get worse and worse” for him.

To contact the reporters on this story: Margaret Talev in Washington at mtalev@bloomberg.net; James Rowley in Washington at jarowley@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

www.bloomberg.com/news/2011-06-17/dis...
voda
0
Obama to Outline Afghan Troop Plans

By Margaret Talev - Jun 21, 2011 6:29 PM GMT+0200

President Barack Obama will announce tomorrow his plan for beginning the withdrawal of thousands of troops from Afghanistan, administration officials said.

Obama had set next month as the deadline to start bringing home some of about 97,000 U.S. troops in Afghanistan and giving greater responsibility to Afghan security forces. A full handoff to the Afghans is planned by 2014.

The president will deliver a speech outlining his plans at 8 p.m. Washington time from the White House, press secretary Jay Carney said in a statement. The next day Obama will visit Fort Drum in New York, the base for the 10th Mountain Division, which has deployed to Iraq and Afghanistan.

Carney didn’t provide details of the president’s announcement, including whether he will call for withdrawing all 30,000 troops that constitute last year’s military surge by the end of 2012, or a smaller portion, as military officials prefer. The Associated Press, citing an unnamed defense official, said Obama is expected to withdraw 10,000 personnel this year, with about half that pulling out by the end of summer.

Philip J. Crowley, a former State Department spokesman, said the death of al-Qaeda leader Osama bin Laden and bipartisan concern over the deficit mean Obama would have political support to cut the number of military personnel in Afghanistan by as much as a third.

Political Climate

“He will definitely be able to do that order of magnitude given the revised politics of the country today versus 2009,” Crowley, who holds Omar Bradley Chair of Strategic Leadership at Dickinson College and the Army War College in Carlisle, Pennsylvania, said in a telephone interview. “That’s larger than the military would like to do but he’s got some political wind at his back and it gives him some greater flexibility.”

Defense Secretary Robert Gates, who is stepping down on June 30, and General David Petraeus, who is set to leave as the top commander in Afghanistan later this year to become director of the Central Intelligence Agency, have favored keeping as many combat troops as possible on the ground through the end of the year.

Petraeus gave the president options for the drawdown last week. Neither the White House nor the Defense Department has publicly disclosed the choices Petraeus presented to the president.

Gains Won

Gates argued during his visit to Afghanistan this month that the withdrawal should be conducted so it doesn’t jeopardize the gains won in the past year to stem the Taliban’s advances.

“We have to look at it strategically like that and not just focus on the front end of this and whatever number gets announced in July,” Gates said.

The U.S. also has to consider what the decision signals to other allies in the coalition of nations fighting in Afghanistan, so they don’t take it as an indication they can withdraw immediately, he said.

Petraeus would endorse withdrawing 30,000 personnel by the end of 2012, the National Journal reported yesterday, citing unidentified military and administration officials.

Middle Position

Stephen Biddle, senior fellow for defense policy at the Council on Foreign Relations in Washington, said Obama’s tendency has been “to take a middle position between the high and the low end offered to him.”

Biddle said a course of withdrawing 30,000 troops over 18 months would give Obama the ability to propose “a very high number” that may appeal to those who want to leave Afghanistan, while extending it over a timeline that the military would be comfortable with.

Pressure has been mounting from Democrats and Republicans in Congress and from some Republican presidential candidates for Obama to speed up the pace of the troop withdrawals since U.S. forces killed bin Laden last month.

A group of 27 senators, all but two of them Democrats, signed a letter to Obama last week calling for a “sizable and sustained” reduction of the U.S. presence in Afghanistan. Citing bin Laden’s death, the senators say the main U.S. objectives in Afghanistan have been met.

War Costs

War costs, which have contributed to a trillion-dollar federal budget deficit that both the Congress and Obama have promised to cut, also have figured into the debate.

The U.S. Conference of Mayors voted yesterday to urge the withdrawal of troops from Afghanistan and Iraq and to bring “war dollars home” to create jobs.

“The people of the United States are collectively paying approximately $126 billion per year to wage war in Iraq and Afghanistan,” the resolution says. “The U.S. Conference of Mayors calls on the U.S. Congress to bring these war dollars home.”

The money should be redirected to cities, which are still coping with the aftermath of the recession that ended two years ago and facing cutbacks because of moves to rein in the federal deficit, the mayors said.

The government’s fiscal 2011 budget plan includes $113.5 billion for Afghanistan operations, up from $56.1 billion in 2009. The U.S. will spend $45.8 billion for Iraq. Still, total Defense Department spending on both wars is down from its peak in 2008 of about $179.7 billion as the U.S. winds down its presence in Iraq.

Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, told reporters this month that cost considerations were “right in the middle” of administration discussions about the pace of the withdrawals.

To contact the reporter on this story: Margaret Talev in Washington at mtalev@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

www.bloomberg.com/news/2011-06-21/oba...
voda
0
Obama Targets $72 Billion Business Tax Break

By Heidi Przybyla - Jun 27, 2011 3:58 PM GMT+0200

Barack Obama’s proposal to end a business tax break worth $72 billion is among the tensions the president may confront as he meets today with Senate Minority Leader Mitch McConnell in an effort to revive bipartisan talks over reducing the debt, three persons familiar with the issue say.

Ending the so-called last-in-first-out, or LIFO, provision, a method of accounting for inventory costs, was among options offered by White House officials for raising $400 billion in revenue over 10 years during seven weeks of negotiations led by Vice President Joe Biden, the people said, speaking on the condition of anonymity because they weren’t authorized to comment publicly.

Republicans want a multitrillion-dollar debt-reduction package as part of a vote to increase the nation’s $14.3 trillion borrowing limit by Aug. 2. The LIFO provision was among possible revenue increases that Republicans opposed when the Biden talks, which included two Republicans and four Democrats, collapsed last week. Biden criticized Republicans for trying to keep President George W. Bush-era tax breaks while advocating cuts in Medicare.

“We’re never going to solve our debt problem if we ask only those who are struggling in this economy to bear the burden and let the most fortunate among us off the hook,” Biden said at the Ohio Democratic Party’s annual dinner at the Greater Columbus Convention Center June 25. “Not only is it unfair to do what they’re calling for, but I think it borders on being immoral.”

Tax Fight

An administration official told reporters the day before that House Majority Leader Eric Cantor and Senator Jon Kyl, the chamber’s No. 2 Republican, walked out because they were unwilling to accept any tax increases.

Among these were ending subsidies for oil and gas companies and breaks for corporate jets and tax breaks for Americans earning more than $500,000 a year, according to Representative Chris Van Hollen, a Maryland Democrat who participated in the talks.

Obama and Republican leaders now must bridge the divide as pressure builds for a deal. Moody’s Investors Service this month said it will put the U.S. government’s Aaa credit rating under review for a downgrade unless there’s progress on raising the debt limit by mid-July. Pacific Investment Management Co. LLC Chief Executive Officer Mohamed El-Erian said on CNN that a short-term U.S. default on its debt might have “catastrophic” legal consequences.

Democrats Demand Revenue

Administration officials including Treasury Secretary Timothy Geithner have said they are confident a debt-limit deal can be reached by Aug. 2. Still, Democrats and Republicans so far are dug in on their negotiating positions.

McConnell said his chief goal at today’s White House meeting is to get agreement from Obama that tax increases are not a part of the negotiations. In an opinion piece posted today on CNN’s website, he said Democrats have offered a “mystifying” response to the mounting debt by calling for more stimulus spending and revenue increases.

“That’s not serious, and it is my hope that the president will take those off the table today so that we can have a serious discussion about our country’s economic future,” McConnell wrote.

Not Backing Down

Democrats aren’t backing down. House Minority Leader Nancy Pelosi yesterday said tax subsidies for companies must be on the table.

Cantor “walked away from the table because he doesn’t want to deal with the special interest tax subsidies,” Pelosi said on CNN’s “State of the Union.”

House Speaker John Boehner and McConnell have said Republican conditions for raising the debt ceiling include no tax increases, spending cuts and a government spending overhaul.

California Representative Kevin McCarthy, the third-ranking House Republican, not only rejected any tax increases, he insisted that limits on Medicare must also be included in a bipartisan deal.

Obama has “got to get off the golf course, and he’s got to get engaged,” McCarthy said in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”

Grover Norquist

The outcome of the tax subsidy issue hinges on whether Republicans decide to break with Americans for Tax Reform’s Grover Norquist, who insists that any elimination of tax breaks must be accompanied by an equal reduction in taxes elsewhere. Forty of 47 Republican senators have signed Norquist’s no-tax- increase pledge.

The LIFO proposal “does put the lie to the idea that Obama and Democrats only wish to tax high-income earners,” Norquist said in an e-mail.

The White House official who briefed reporters said that two separate bipartisan commissions, including the president’s fiscal commission, recommended at least $1 trillion in revenue beyond the expiration of the Bush tax cuts.

The official also cited more than 10 bills signed by former President Ronald Reagan, a Republican, from 1982 through 1988, that included revenue increases along with spending cuts, as well as a 1990 agreement that included more than one-third revenue and two-thirds spending reductions.

Ending LIFO

Ending LIFO in 2012, which the White House considers a loophole in the code, would raise $72 billion by 2016, according to the nonpartisan Congressional Budget Office. The accounting method assumes that the less expensive inventory remains on hand for calculating taxable income.

As part of his Feb. 14 budget, Obama proposed $357 billion in revenue raisers, many of which were offered by White House officials as part of the Biden talks.

While it included strengthening research and development tax credits as well as other pro-business initiatives like funding for the next generation of broadband, it also included repealing LIFO and deductions for oil and gas companies worth $46 billion.

Repealing LIFO “would be tantamount to a retroactive tax on the savings a company accrued over time,” and could be “devastating” to some companies, according to a March 2 letter to members of Congress from a group of trade associations, including the American Forest & Paper Association and the National Association of Manufacturers.

Democrats are trying to telegraph a renewed commitment to creating jobs and a focus on the manufacturing sector.

Following a June 23 meeting with a group of Fortune 500 chief executives, Schumer and other Democratic leaders said they’re open to new tax preferences for employers, including a partial payroll tax holiday and tax credits for manufacturing and research and development.

In his weekly radio address on June 25, Obama touted a $500 million government program to help companies and universities develop new manufacturing technologies.

To contact the reporters on this story: Heidi Przybyla in Washington at hprzybyla@bloomberg.net;

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

www.bloomberg.com/news/2011-06-27/oba...
voda
0

Obama Outlines Regulatory Overhaul to Save $10B
By Julianna Goldman and Hans Nichols - Aug 23, 2011 6:30 PM GMT+0200 .
The Obama administration outlined plans today to revamp government regulations that it said would save businesses about $10 billion over five years.

The changes affect rules enforced by more than two dozen federal departments or agencies from Agriculture to Veterans Affairs, according to the administration.

Drafts of the rule changes were released in May, and today’s announcement is an update following comments from industry groups and the public.

The U.S. Chamber of Commerce, the nation’s biggest business lobby, was among the business groups that welcomed the administration effort while saying it didn’t go far enough.

“This lookback will not have a material impact on the real regulatory burdens facing business,” Bill Kovacs, vice president of environment, technology and regulatory affairs, wrote on the Chamber’s website. Still, the plan is a “worthy effort at making technical changes to the regulatory process.”

President Barack Obama, facing criticism from Republicans in Congress about his policies, is rolling out initiatives aimed at boosting job creation amid public concern that the economy is stalling. He ordered the regulatory review in January, and the final plans are being released before the president delivers an address on additional measures to spur growth, including tax cuts and spending for infrastructure projects.

Economic Growth

Gross domestic product will grow 1 percent in the fourth quarter rather than the 2.5 percent previously forecast, and 0.5 percent in the first quarter of 2012 instead of 1.5 percent, JPMorgan Chase & Co. (JPM) said in a note e-mailed to clients last week. Citigroup Inc. cut its 2011 growth forecast to 1.6 percent from 1.7 percent and lowered its projection for next year to 2.1 percent from 2.7 percent.

“The president’s executive order has built into it the words job creation,” ” Cass Sunstein, administrator of the White House Office of Information and Regulatory Affairs, said on a conference call. “We do see this as helpful to job creation.”

He said it’s not possible to estimate how many jobs it may lead to. “To translate the elimination of regulatory costs into number of jobs isn’t a simple exercise.”

Government regulation has been a focal point of Republican critics, such as House Majority Leader Eric Cantor of Virginia, who called the results of the regulatory review “underwhelming.”

‘Burdensome Regulations’

“Every day, business people and job creators cope with burdensome regulations that have a negative impact on both jobs and our economy, and again the president seems reluctant to do everything in his power to help them,” Cantor said in a statement.

Rosario Palmieri, vice president of regulatory policy at the National Association of Manufacturers in Washington, said the administration continues to add costly rules for businesses even as it modifies existing regulations.

“While removing some modest burdens with this hand, with the other hand the administration is proposing new costly and unnecessarily burdensome rules that will wipe away all the savings that have been proposed today,” Palmieri said.

He cited the Environmental Protection Agency’s proposal to tighten ozone standards, saying it may cost the economy an additional $1 trillion annually between 2020 and 2030 and jeopardize 7.3 million jobs. He called it “the most costly rule that this administration has proposed.”

Voter Complaints

During Obama’s bus tour to rural parts of the Midwest last week, he repeatedly heard from voters, small business owners and farmers who said they were concerned that regulations were too onerous and adding to the uncertainty preventing them investing additional capital.

“One of the things we’re doing is we’re saying, show us particular regulations that may be getting in the way of you hiring,” Obama said in Atkinson, Illinois. “If there’s a bunch of bureaucratic red tape and it’s not actually improving the situation, let’s figure out how to get rid of some existing rules and let’s review every rule that comes in for its cost and its benefits.”

He also said some complaints about regulations are unfounded and driven by lobbyist and industry groups.

“Some of these regulatory concerns that people have, frankly, are unfounded in the sense that if somebody even has an idea or a thought about some regulation, then right away the message is sent out, they’re coming and they’re going to make it impossible for you to farm and this and that and the other,” Obama said in Alpha, Illinois.

Department Changes

The changes include accelerating payments on Department of Defense contracts to 60,000 small businesses and requiring the Small Business Administration to adopt a single electronic application for potential borrowers.

The Department of Health and Human Services will work to remove some reporting requirements on hospitals and health-care providers to save potentially $4 billion over five years, according to Sunstein.

Revisions by the Energy Department may save makers of commercial appliances and bathroom showerheads as much as $900 million, according to the plan posted on the White House website.

The Interior Department aims to cut the time needed to approve offshore wind projects on public lands to promote more rapid development, the department’s plan says.

The Department of Transportation will work to eliminate regulations on the railroad industry that could save about $340 million, and the EPA will propose a rule to make it easier for hazardous-waste generators to report electronically, saving up to $126 million per year.

-- With assistance from Eric Martin, Katarzyna Klimasinska and Bill McQuillen in Washington Editors: Joe Sobczyk, Mark McQuillan.

To contact the reporters on this story: Julianna Goldman in Vineyard Have, Massachusetts at 4304 or Jgoldman6@bloomberg.net; Hans Nichols in Washington at hnichols2@bloomberg.net;

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
voda
0
Stimulus plans - Mr Obama to unveil plans for economy boost

US President Mr Barack Obama said that he will propose a plan in September to jump start the US economy as he struggles to convince skeptical voters that he has something new to offer.

Mr Obama, with his approval ratings falling, is set to propose short term measures to boost hiring and call on a congressional panel to deliver more than the USD 1.5 trillion in savings by November 23rd 2011, partly through increased tax revenue.

Mr Obama said that "When Congress gets back in September, my basic argument to them is this, we should not have to choose between getting our fiscal house in order and jobs and growth. We can't afford to do just one or the other, we've got to do both."

Mr Obama said another recession was unlikely but expressed concern about the slow pace of growth. He added that "I don't think we're in danger of another recession, but we are in danger of not having a recovery that is fast enough to deal with a genuine unemployment crisis for a whole lot of folks out there. And that's why we need to be doing more."

Mr Obama's insistence that higher taxes be a part of any long-term effort to improve America's fiscal health and his push to spend more now to bolster the labor market could mean his proposals go nowhere.

Still, Republicans, intent on making Mr Obama a one term president, repeated opposition on Wednesday to new taxes and criticized the suggestion of new economic stimulus spending.

Mr Mitch McConnell Senate Republican Leader said that "Quit borrowing. Quit spending. Quit trying to raise taxes."

House Speaker Mr John Boehner, the top Republican in Congress, said that the president needed to do more than fluff up tired ideas in his speech without a clear plan of how to help the economy. He added that "To get our economy moving, what the American people need from the president is leadership and serious solutions that reflect a true change in his approach to our economy and the role of government."

Any failure of Mr Obama's plan could play into his hands politically as he tries to convince voters that Republican refusal to compromise is to blame for America's fiscal and economic mess. Mr Obama's Democrats control the Senate and Republicans control the House of Representatives.

Mr Obama faces serious doubts about his economic leadership in the wake of the first US credit rating downgrade and with unemployment stuck above 9%, a major impediment to his re election prospects next year.

He has been criticized in recent weeks by political opponents, allies on the left and Wall Street. Republicans say he has no plan to reduce unemployment while some Democrats say he has not been aggressive enough in promoting the need for stimulus spending to keep the economy moving.

(Sourced from www.reuters.com)
Beperktedijkbewaking
0
Wat wil je??

"He has been criticized in recent weeks by political opponents, allies on the left and Wall Street. Republicans say he has no plan to reduce unemployment while some Democrats say he has not been aggressive enough in promoting the need for stimulus spending to keep the economy moving."

Gevangen tussen twee kampen dus. Dat is mijn objectieve mening.

Mijn subjectieve mening is:
Geen grotere hypocrieten dan die ultra-rechtse republikeinen. Al jaren gegijzeld door extreem orthodoxe christenen en oerdomme tea-parties.

Geen enkele belastingverhoging voor extreem veel verdienenden... Hun domheid en hypocrisie gaat echt alle perken te buiten. En dat zijn onze bondgenoten!

Ik stel het met droefheid vast, want ik ben echt niet anti-Amerikaans...
En ook niet anti-christelijk. Maar daar versta ik wat anders onder dan hun rechtse/populaire en bijna allemaal overspelige TV-dominees.
God, wat een onchristelijke hufters!

PS.

Overspel is op zich een menselijke zwakte, een gewoonte zelfs sinds Bijbelse tijden.
Net als liegen, we jokken allen wel eens, al is het om bestwil...
Daarom zijn overspel en liegen (behalve onder ede) in onze rechtspraak niet strafbaar. En dat is goed. De sharia die vermeend overspel (of is het verkrachting?) bestraft met steniging is veel te kort door de de bocht.

Maar nu slaan we soms door. Jack de Vries (CDA) ging als staatssecretaris van defensie vreemd. Een privé-zaak?? Amme nooit niet. Hij overtrad niet alleen algemeen beschaafde regels, hij lapte door hem zelf als baas aan de werkvloer opgelegde regels over dergelijke relaties aan zijn laars!! Ging als defensiebaas vreemd met de vrouw van een soldaat te velde. Godsgruwelijker kan het niet!

Het ergste is nog dat het journaille het niet inziet. Blind en populistisch als ze zijn. Dat blijkt nu ook weer bij Mariko Peters (GL). Ach, zo erg is ze niet. Maar wel een beetje.
Al in 2001 of zo kreeg ik als ambtenaar 'bijles', n.a.v. de bouwfraude. Over integriteit, een flesje wijn was al teveel. Maar Mariko gaat haar gang, tekende contracten ten gunste van haar geliefde. Van die verplichte cursussen voor lagere en middelhoge ambtenaren wist en weet zij niets!!

Ach, ze bedoelde het niet slecht, 'hij' zou dat contract toch wel winnen. Ik geloof het graag. Maar intussen is Aad Bos als klokkenluider van de bouwfraude nog altijd de dupe!

Ik erger me, linkserig als ik toch nog ben, al jaren aan het betweterige toontje van GL.
Mariko is weer zo'n voorbeeld. Menselijk begrijp ik het, ook haar goede bedoelingen.

Maar van een volksvertegenwoordiger verwacht ik meer. Ook van J. Sap, als haar retorische advocaat.
Wat mij betreft kunnen ze allebei bij Agnes Kant in de leer gaan.
New dawn
0
Obama heeft een enorme schuldenberg geërfd van zijn voorganger Bush. Die gaat hij vervolgens nog vermeerderen conform kennelijk een absoluut amerikaans geloof in die economische politiek.

Beide partijen hebben boter op hun hoofd. Obama zit klem, wordt niet meer herkozen, ook niet door de Afro-Amerikanen. Politici die een land grondig economisch ten gronde richten t.b.v. oorlogen en politieke idealen.

De USA zijn een ongericht projectiel. Waar de granaten neerkomen is niet voorspelbaar.

Beperktedijkbewaking
0
quote:

Hmm schreef op 28 augustus 2011 16:46:

...

De USA zijn een ongericht projectiel. Waar de granaten neerkomen is niet voorspelbaar.

Die vrees deel ik, helaas. Hun idiote wapenwetten.
Hun nog idiotere GOP kandidaten...

Dommer dan teveel verdienende en omhoog gevallen HBO-ers hier. Ik heb het over Sanguin. Hoe autistisch kunnen bestuurders zijn??
Afvoerden, die hap. Ik kan het ook, tegen een kwart van dat salaris.

Ze lijken wel gek, daar aan de andere kant van de oceaan. Maar ook hier.

Het is crisis. Sommigen in collectieve dienst begrijpen het nog niet.
Dan maar hardhandig wakker schudden..

Daar heb ik inmiddels enige ervaring mee.
Maak je boven-Balkenende borst maar nat, als je in 'collectieve dienst' bent!
The party is over...
voda
0
Obama komt volgende week met banenplan

Gepubliceerd op 29 aug 2011 om 17:44 | Views: 0

WASHINGTON (AFN) - De Amerikaanse president Barack Obama komt volgende week met voorstellen om de werkgelegenheid in de VS aan te wakkeren, wat grotendeels moet gebeuren door verbeteringen aan de infrastructuur.

Dat zei Obama maandag. De president maakte ook een nieuwe aanstelling bekend: de econoom Alan Krueger komt aan het hoofd te staan van zijn economische adviseurs.
voda
0
Obama slikt strengere milieu-eisen in

Gepubliceerd op 2 sep 2011 om 18:32 | Views: 1

WASHINGTON (AFN) - De Amerikaanse president Bakack Obama neemt tot teleurstelling van de milieubeweging strengere eisen aan luchtkwaliteit terug. Hij staat onder zware druk van de Republikeinen om regels in te trekken die een rem zetten op de economische groei.

Obama heeft het Amerikaanse bureau voor milieubescherming gevraagd om nieuwe normen terug te nemen.

Deze bekendmaking kwam vrijdag kort na de publicatie van een teleurstellend cijfer over het aantal banen in de Verenigde Staten. Obama komt volgende week met een banenplan.
voda
0

Obama: Ik ben gefrustreerd


© bruno

De Amerikaanse president Barack Obama heeft in een mail aan miljoenen supporters toegegeven dat hij gefrustreerd is door het voortdurende dwarsliggen van de Republikeinse partij.
Obama stuit dit jaar steeds op een onwillige Republikeinse meerderheid in het parlement. Dat bleek bij de begroting, de verhoging van het schuldenplafond, maar deze week zelfs bij het plannen van een toespraak.

In de mail roept Obama het parlement op tot betere samenwerking, melden Amerikaanse media vandaag. (ANP/Redactie)


02/09/11 09u24

Lees ook: Obama gaat online petities verzamelen
Lees ook: Opnieuw slechte rapportcijfers voor Obama
Lees ook: Obama verschuift presentatie banenplan

www.ad.nl/ad/nl/1013/Buitenland/artic...
voda
1
Plan Emerges to Pay for Obama Jobs Bill

By Richard Rubin and Margaret Talev - Sep 12, 2011 8:33 PM GMT+0200

President Barack Obama is targeting high earners, private equity managers and oil and gas companies in his bid to pay for a $447 billion job-creation plan.

Jack Lew, the White House budget director, described the revenue-raising provisions, which were mostly pulled from previous administration budget proposals that haven’t passed Congress.

“I think they’ll be familiar to most of you, because they’re ideas that we have been talking about for the most part for some time,” he said at a White House briefing today.

Obama will send Congress the legislative language that would enact his plan later today and at a White House Rose Garden event he called on lawmakers to act on with “no games, no politics, no delays.” Republicans, who control the House of Representatives, have signaled they may be willing to support some of the tax cuts Obama recommends while expressing skepticism about his spending and tax increase proposals.

“It would be fair to say this tax increase on job creators is the kind of proposal both parties have opposed in the past,” Michael Steel, a spokesman for House Speaker John Boehner, an Ohio Republican, said in a statement. “We remain eager to work together on ways to support job growth but this proposal doesn’t appear to have been offered in that bipartisan spirit.”

Revenue Raisers

The biggest revenue-raising proposal in the jobs package, at $400 billion, would cap itemized deductions and some exemptions for individuals earning more than $200,000 a year and married couples earning more than $250,000, Lew said.

Previous versions of that plan would have capped itemized deductions at 28 percent, meaning that the highest-income Americans would receive less of a federal tax break on their mortgage interest, state taxes and charitable contributions. The new version also imposes a limitation on so-called above-the- line deductions and “certain exclusions,” said OMB spokeswoman Meg Reilly. Above-the-line deductions include breaks for moving expenses, alimony and contributions to certain retirement plans.

Obama also wants to raise $18 billion by taxing the carried interest, or profits-based compensation, of private equity managers, real estate investors and venture capitalists as ordinary income, instead of more lightly taxed capital gains. That would affect companies including Blackstone Group LP (BX) and KKR & Co. LP.

Industry Reaction

“Proposals to raise taxes on carried interest have consistently been rejected for over four years because raising taxes on investments would only sideline employers and investors and create further uncertainty in an already struggling economy,” Steve Judge, interim president and chief executive officer of the Private Equity Growth Capital Council, the industry’s Washington-based trade group, said in a statement today.

The oil and gas industry would face $40 billion in new taxes over the next decade, according to Lew. Obama’s budget proposal included limits on the industry’s ability to claim domestic manufacturing deductions for drilling. Companies including Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc have opposed the administration’s proposal.

Another $3 billion would come from changing the depreciation schedule for corporate jets to match the longer schedule associated with commercial airliners.

Republican Opposition

House Majority Leader Eric Cantor, a Virginia Republican, said he opposes eliminating the carried interest rate, saying it is the “fundamental tax law” underlying real estate deals and other investments.

It gives investors an incentive to “put capital at risk so we can create jobs,” he told reporters today. Cantor noted he hadn’t seen the details of Obama’s plan and wouldn’t object to changes that would tighten restrictions on illegitimate use of carried interest deductions.

The proposal would have $467 billion worth of savings and higher revenue, more than offsetting the cost of cutting payroll taxes and spending on infrastructure and state aid, Lew said. A congressional supercommittee charged with finding long-term deficit reductions can accept Obama’s proposal to pay for the package or come up with its own plan later this year, Lew said.

“We’ve got to decide what our priorities are,” Obama said today. “Do we keep tax loopholes for oil companies -- or do we put teachers back to work? Should we keep tax breaks for millionaires and billionaires -- or should we invest in education and technology and infrastructure, all the things that are going to help us out-innovate and out-educate and out-build other countries in the future?”

Deficit Cutting

Obama’s jobs plan will likely put the supercommittee in an even deeper hole because it would have to come up with additional money to prevent the administration’s proposal from widening the deficit.

The 12-member panel faces an uphill battle to produce a plan to cut at least $1.2 trillion from the federal budget by Nov. 23. If the panel doesn’t act, or if its plan is rejected by Congress, an automatic $1.2 trillion in cuts would take effect in 2013.

The centerpiece of Obama’s plan to boost hiring and economic growth is a cut in the payroll tax, which covers the first $106,800 in earnings and is evenly split between employers and employees. Obama would reduce the portion paid by workers next year to 3.1 percent from 4.2 percent now. The rate was reduced by two percentage points under the terms of a tax deal reached in December. That cut is set to expire Dec. 31, which would push the tax rate back to 6.2 percent.

Tax Breaks

Businesses would see their payroll taxes cut in half to 3.1 percent from 6.2 percent for the first $5 million they spend on wages. Companies would face no payroll tax next year on the first $50 million they spend on raises or on wages for new employees.

Obama also is proposing to extend a provision that lets companies immediately deduct certain capital expenses rather than writing them off over time.

The plan also includes money for improving infrastructure, modernizing schools and helping states keep teachers and emergency workers on the job.

At the White House today, Obama called on lawmakers to heed his sense of urgency, saying the measure will reduce economic uncertainty and blunt headwinds from Europe’s debt crisis.

“These aren’t games we’re playing here; folks are out of work,” Obama said. “Businesses are having trouble staying open, you’ve got a world economy that is full of uncertainty right now -- in Europe, in the Middle East. Some events may be beyond our control, but this is something we can control.”

Cantor said he was concerned that more than half of Obama’s proposal package “is so-called stimulus spending” akin to the 2009 stimulus law that didn’t produce a sustained recovery from the recession.

“We’ve been there, done that,” Cantor told reporters today. “The country cannot afford more spending like a stimulus bill.”

To contact the reporters on this story: Richard Rubin in Washington at rrubin12@bloomberg.net; Margaret Talev in Washington at mtalev@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
voda
0
Obama Approval Plummets on Jobs Plan

By Julianna Goldman - Sep 14, 2011 6:01 AM GMT+0200

majority of Americans don’t believe President Barack Obama’s $447 billion jobs plan will help lower the unemployment rate, skepticism he must overcome as he presses Congress for action and positions himself for re- election.

The downbeat assessment of the American Jobs Act reflects a growing and broad sense of dissatisfaction with the president. Americans disapprove of his handling of the economy by 62 percent to 33 percent, a Bloomberg National Poll conducted Sept. 9-12 shows. The disapproval number represents a nine point increase from six months ago.

The president’s job approval rating also stands at the lowest of his presidency -- 45 percent. That rating is driven down in part by a majority of independents, 53 percent, who disapprove of his performance.

“I don’t think he’s done as good a job as I think he could have,” said Paul Kaplan, 58, an unemployed Democrat from Philadelphia. “We were hopeful that things would improve in the economy and they’ve only gotten worse. People in Washington just don’t seem to want to cooperate with each other and work for the people.”

The poll hands Obama new lows in each of the categories that measures his performance on the economy: only 36 percent of respondents approve of his efforts to create jobs, 30 percent approve of how he’s tackled the budget deficit and 39 percent approve of his handling of health care.

Jobs Bill Skepticism

By a margin of 51 percent to 40 percent, Americans doubt the package of tax cuts and spending proposals intended to jumpstart job creation that Obama submitted to Congress this week will bring down the 9.1 percent jobless rate. That sentiment undermines one of the core arguments the president is making on the job act’s behalf in a nationwide campaign to build public support.

Compounding Obama’s challenge is that 56 percent of independents, whom the president won in 2008 and will need to win in 2012, are skeptical it will work.

“I think the jobs bill is a good start, but it’s hard to look at it real positively in light of what’s just happened with the budget,” said Jason Dumas, a 40 year-old independent voter from Charlotte, North Carolina. “The partisanship is still there and it seems like we’re gearing up more for the election.”

In all of the categories gauging Obama’s performance on economic issues, the president’s disapproval rating among independents is above 50 percent.

Independents’ Disapproval

On the economy, 29 percent of independents approve of the job Obama is doing while 66 percent disapprove. Obama is weakest among independents when it comes to his ability to reduce the deficit -- under a quarter of those respondents approve of his job in that category, while 67 percent disapprove. On job creation, 30 percent of independents approve of Obama’s efforts while 63 percent disapprove. He scored slightly better among independents on health care with 34 percent approving and 57 percent disapproving.

Forty-six percent of independents say they definitely won’t vote to re-elect the president, compared to 21 percent who definitely will support him. In 2008, Obama was backed by 52 percent of independent voters, compared to 44 percent who backed Republican nominee John McCain, an Arizona senator, according to exit polls.

In addition to lost ground with independents, Obama’s 2008 supporters are less enthused in the wake of the summer’s fight to raise the debt ceiling and avoid a default, according to the poll of 997 adults conducted by Selzer & Co., based in Des Moines, Iowa.

Core Support Decline

Of the respondents who said they’ve supported Obama at one point since he launched his presidential campaign in 2007, fewer than half say they still support him as fervently. Thirty- seven percent say their support has waned and 19 percent say he lost their backing because they’ve grown disappointed or angry with his leadership.

Almost a third of Democrats and Democratic-leaning respondents say they’d like to see Obama face a primary challenge.

The job performance areas where Obama scores favorably are his handling of the situation in Libya and fighting terrorism. Another rare bright spot in the poll is his favorability rating, which stands at 50 percent and is better than all of his prospective Republican rivals. House Speaker John Boehner, an Ohio Republican, has a favorability rating of 33 percent compared to 38 percent who view him unfavorably, a ten point jump from June before the debt ceiling standoff in August.

Unfavorability Rating

Even that ray of hope is a dim one. Obama’s unfavorability rating is 47 percent, just three percentage points below his favorability, which is within the poll’s margin of error of plus or minus 3.1 percentage points.

“I personally don’t think it’s his fault, I think it’s Congress,” said Krystal Carter, 40, a Democrat, who is an esthetician in Davenport, Florida. “They’re like a bunch of kindergarteners. I think we just need to vote all them out and start over.”

As Obama urges Congress to act on the jobs bill and prepares to engage in debate over a $1.5 trillion to $2 trillion debt-reduction plan, Americans give him low marks on his negotiating style. By a margin of 52 percent to 37 percent, they disapprove of how Obama negotiates with the Republican majority in the House of Representatives. Fifty-eight percent of Democrats approve of Obama’s negotiating skills, while 71 percent of Republicans disapprove. Among independents, 55 percent are critical of his skills.

Stand for Something

“If he believes in something, then he needs to stand for it,” said Dumas, the North Carolina independent who works in video production. “He needs to back it and not play both sides. It hasn’t really served him well.”

Obama has pledged to stand firm on the jobs program. “This isn’t about giving Democrats or Republicans a win. It’s about giving the American people a win,” he said at a jobs event in Columbus, Ohio, yesterday.

While respondents are skeptical that the program will reduce the unemployment rate, the poll found support for some of its components.

The plan’s call for approximately $35 billion in direct aid to state and local governments to stem layoffs of educators and emergency personnel is favored by 71 percent of Americans compared to 27 percent who oppose it. While the proposal was the most popular in the poll, it is also the least likely to pass Congress because Republicans have expressed opposition to new spending.

Tax Centerpiece

The centerpiece of the proposal -- and the plank that Republicans have said they are most willing to consider -- is a cut in payroll taxes, which cover the first $106,800 in earnings and are evenly split between employers and employees.

Respondents are evenly split at 45 percent on this approach, which would cost $240 billion to the U.S. Treasury. Independents oppose it 47 percent versus 43 percent who favor it.

The White House also would use temporary payroll tax reductions next year to offer incentives for new hiring and to assist small businesses -- something Kaplan, a Democratic Party official in Philadelphia, said would help him.

voda
0
part 2:

“I personally don’t think it’s his fault, I think it’s Congress,” said Krystal Carter, 40, a Democrat, who is an esthetician in Davenport, Florida. “They’re like a bunch of kindergarteners. I think we just need to vote all them out and start over.”

As Obama urges Congress to act on the jobs bill and prepares to engage in debate over a $1.5 trillion to $2 trillion debt-reduction plan, Americans give him low marks on his negotiating style. By a margin of 52 percent to 37 percent, they disapprove of how Obama negotiates with the Republican majority in the House of Representatives. Fifty-eight percent of Democrats approve of Obama’s negotiating skills, while 71 percent of Republicans disapprove. Among independents, 55 percent are critical of his skills.

Stand for Something

“If he believes in something, then he needs to stand for it,” said Dumas, the North Carolina independent who works in video production. “He needs to back it and not play both sides. It hasn’t really served him well.”

Obama has pledged to stand firm on the jobs program. “This isn’t about giving Democrats or Republicans a win. It’s about giving the American people a win,” he said at a jobs event in Columbus, Ohio, yesterday.

While respondents are skeptical that the program will reduce the unemployment rate, the poll found support for some of its components.

The plan’s call for approximately $35 billion in direct aid to state and local governments to stem layoffs of educators and emergency personnel is favored by 71 percent of Americans compared to 27 percent who oppose it. While the proposal was the most popular in the poll, it is also the least likely to pass Congress because Republicans have expressed opposition to new spending.

Tax Centerpiece

The centerpiece of the proposal -- and the plank that Republicans have said they are most willing to consider -- is a cut in payroll taxes, which cover the first $106,800 in earnings and are evenly split between employers and employees.

Respondents are evenly split at 45 percent on this approach, which would cost $240 billion to the U.S. Treasury. Independents oppose it 47 percent versus 43 percent who favor it.

The White House also would use temporary payroll tax reductions next year to offer incentives for new hiring and to assist small businesses -- something Kaplan, a Democratic Party official in Philadelphia, said would help him.

“I hope it gets passed quickly, I’m one of the people who might benefit from it directly,” he said. “I myself have been out of work for six months now. I haven’t even had an interview.”

Others are less optimistic. Since World War II, no U.S. president has won re-election with a jobless rate above 6 percent, with the exception of Ronald Reagan, who faced 7.2 percent unemployment on Election Day in 1984.

“He can promise the moon,” said Carter. “But if Congress can’t get their act together and vote to pass it, it’s never going to happen.”

To contact the reporter on this story: Julianna Goldman in Washington at jgoldman6@bloomberg.net

To contact the editor responsible for this story: Mark Silva in Washington at msilva34@bloomberg.net.
voda
0
Obama Plan to Trim Deficit With $1.5 Trillion in Taxes

By Mike Dorning - Sep 19, 2011 7:22 PM GMT+0200

President Barack Obama cast himself as a champion of “fairness” for the middle class in the fight to reduce the deficit with a call for $1.5 trillion in tax increases over the next decade, largely targeting the wealthy.

Obama joined his call for a tax increase with a threat to veto any legislation Congress sends him that would reduce benefits from the Medicare health-insurance plan for the elderly unless wealthy Americans also face higher taxes.

“This is not class warfare, it’s math,” Obama said this morning at the White House as he unveiled his recommendations to a 12-member congressional committee charged with finding ways to trim at least $1.5 trillion from the deficit. “The money’s going to have to come from someplace.”

The stance places Obama in conflict with Republican congressional leaders such as House Speaker John Boehner, who last week declared tax increases “off the table” and urged the bipartisan supercommittee to focus on scaling back entitlement programs such as Medicare. The panel has a Nov. 23 deadline to come up with a plan.

The positions represent a retreat from compromises that Obama and Boehner struck in unsuccessful negotiations in July to reduce long-term deficits and a sharpening of partisan differences over the budget. It sets the stage for a potential stalemate in the supercommittee’s deliberations.

Overhauling Tax Code

Obama coupled the call for tax increases with spending cuts that he said would reduce the long-term deficit by $3 trillion beyond the $1 trillion that was agreed to as part of a deal to raise the U.S. debt ceiling.

He included a proposal to overhaul the tax code. He said his plan would eliminate “special lower rates for the wealthy” which were “meant to be temporary.” He also would close loopholes in corporate tax law.

Republicans swiftly condemned the president’s plan.

“Veto threats, a massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth -- or even meaningful deficit reduction,” Senate Minority Leader Mitch McConnell of Kentucky said in a statement.

“Pitting one group of Americans against another is not leadership,” Boehner of Ohio said in a statement. The president “has not made a serious contribution” to the deliberations of the supercommittee, he said.

‘Crushing Impact’

Former Massachusetts Governor Mitt Romney, a contender for the Republican Party nomination to face Obama next year, criticized the president’s plan as a threat to job creation.

“President Obama’s plan to raise taxes will have a crushing impact on economic growth,” Romney said in a statement. “This is yet another indication that President Obama has no clue how to bring our economy back.”

The administration and congressional Republicans are at odds over how to re-ignite the economy, drive down unemployment and grapple with the nation’s long-term deficit. Administration forecasters project the economy will grow at a sluggish 1.7 percent rate this year and the jobless rate will average 9.1 percent in 2011 and show little change in 2012, when the presidential election takes place.

To deal with the deficit, Obama won’t support any increase in the eligibility age for Medicare, as he did while trying to negotiate a broad deficit-reduction package with Boehner in July, according to administration officials, who briefed reporters before Obama spoke on condition of anonymity. The officials said Obama only accepted the measure as a concession to Republicans to assure speedy passage of an increase in federal borrowing authority to avert a U.S. debt default.

Medicare Cuts

Obama will seek $248 billion in Medicare cuts, including reductions in payments to health-care providers and $72 billion in savings from the Medicaid state-federal health program for the poor, the officials said.

He’s also adopting billionaire investor Warren Buffett’s suggestion that the nation’s “mega-wealthy” pay more taxes, prompting one leading Republican to accuse the president of engaging in “class warfare.”

The provision, which the White House is calling the Buffett rule after the 81-year-old chairman and chief executive officer of Berkshire Hathaway Inc., would require people with incomes of $1 million or more to pay at least the same percentage in taxes as middle-income Americans, an administration official said.

“Class warfare will simply divide this country more,” Republican Representative Paul Ryan, chairman of the House Budget Committee, said on the “Fox News Sunday” program. “It will attack job creators, divide people, and it doesn’t grow the economy.”

More Than Cuts

Obama rejected that criticism.

“We can’t just cut our way out of this hole,” he said. “It’s only right that we ask everyone to pay their fair share.”

By proposing to put more of a burden on the wealthiest taxpayers and on corporations by ending some tax preferences, Obama is seeking to exert pressure on Republicans and frame the argument he is making to voters about the nation’s priorities.

“Should we keep tax breaks for millionaires and billionaires -- or should we invest in education and technology and infrastructure, all the things that are going to help us out-innovate and out-educate and out-build other countries in the future?” Obama said on Sept. 12 as he released the legislative text of his jobs plan.

‘Billionaire-Friendly Congress’

During his bus tour last month through rural areas of Minnesota, Iowa and Illinois, Obama quoted from a New York Times opinion article in which Buffett wrote that the nation’s richest individuals have been “coddled long enough by a billionaire- friendly Congress.” Buffett argued for raising taxes for the “mega-rich” in the U.S.

Buffett has served as an informal adviser to the president since Obama’s 2008 election campaign. He plans to hold a Sept. 30 fundraiser in New York for Obama’s re-election bid.

While Obama hasn’t set a minimum tax for those with $1 million-plus in income, his prime target is the differential between the tax rates on capital gains and ordinary income. Today’s 20-percentage-point difference gives taxpayers an incentive to find ways to reclassify wage income as investment income.

Targeting Farm Subsidies

In addition to the cuts in Medicare and Medicaid, Obama will seek $260 billion in savings from other so-called mandatory programs not subject to annual appropriations, the officials said. That includes $33 billion in cuts to farm subsidies and $42.5 billion in reductions to federal employee-benefit programs covering both civilian workers and military personnel.

Another $1.1 trillion would come in savings from winding down the wars in Afghanistan and Iraq, the officials said.

voda
0
part 2:

Another $1.1 trillion would come in savings from winding down the wars in Afghanistan and Iraq, the officials said.

The jobs plan the president has offered is a $447 billion package of tax cuts and spending. He proposes to pay for it largely by capping itemized deductions and some exclusions for individuals earning more than $200,000 a year and married couples earning more than $250,000.

He also would tax the carried interest, or profits-based compensation, of private equity managers, real estate investors and venture capitalists as ordinary income, instead of more lightly taxed capital gains, and limit the oil and gas industry’s ability to claim domestic manufacturing deductions for drilling.

Obama will incorporate all those tax proposals in his deficit plan, along with the expiration of the tax cuts passed under the administration of President George W. Bush for individuals making more than $200,000 and couples making more the $250,000, an official said.

Just Suggestions

The officials said Obama will frame specific changes as only suggestions to the panel and focus on a call for a tax overhaul that meets the revenue target, complies with his Buffett rule and lowers rates.

The tax increases and spending cuts Obama will propose would come on top of the more than $1 trillion in reductions to discretionary spending that he and Congress agreed to when they raised the national debt limit in August, for a total of more than $4 trillion over 10 years.

To contact the reporter on this story: Mike Dorning in Washington at mdorning@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
voda
0
Obama: Europa heeft veel te weinig gedaan

De Amerikaanse president Barack Obama © bruno

Europese landen hebben te weinig gedaan om de zwaktes in hun financiële systemen te herstellen. Dat zei de Amerikaanse president Barack Obama vandaag in een gesprek met Spaanstalige media in de Verenigde Staten.
Hij zei onder andere: 'In Europa hebben ze niet zo effectief gehandeld met hun financiële en bankaire systemen als ze hadden moeten doen.' Volgens Obama jaagt de schuldencrisis 'de wereld angst aan'.

Obama voert daarmee de druk op de leiders van de eurozone op om een oplossing te vinden voor de Europese schuldencrisis. Hij zei verder dat het herstel van de Amerikaanse economie is belemmerd door wereldwijde problemen, zoals de stijging van energieprijzen als gevolg van de Arabische Lente en de financiële situatie van Europese landen. (ANP/Redactie)


28/09/11 18u37

www.ad.nl/ad/nl/5597/Economie/article...
408 Posts, Pagina: « 1 2 3 4 5 6 ... 14 15 16 17 18 19 20 21 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Markt vandaag

AEX 910,59 +6,38 +0,71% 10 mei
AMX 937,23 -0,72 -0,08% 10 mei
ASCX 1.205,64 +11,91 +1,00% 10 mei
BEL 20 4.013,33 +27,93 +0,70% 10 mei
Germany40^ 18.773,50 +86,90 +0,47% 10 mei
US30^ 39.507,00 0,00 0,00% 10 mei
US500^ 5.221,51 0,00 0,00% 10 mei
Nasd100^ 18.156,80 0,00 0,00% 10 mei
Japan225^ 38.190,30 0,00 0,00% 10 mei
WTI 78,28 0,00 0,00% 10 mei
Brent 82,79 0,00 0,00% 10 mei
EUR/USD 1,0772 +0,0002 +0,02% 00:53
BTC/USD 61.348,58 -1.235,23 -1,97% 00:53
Gold spot 2.361,24 +15,00 +0,64% 00:53
#/^ Index indications calculated real time, zie disclaimer
BESTEL HIER UW TICKETS VOOR DE IEX BELEGGERSDAG > EEN DAG VOL INSPIRERENDE SPREKERS EN KOOPTIPS!

Stijgers & Dalers

Stijgers Laatst +/- % tijd
RANDSTAD NV 49,120 +1,250 +2,61% 10 mei
ASMI 621,800 +12,000 +1,97% 10 mei
ASML 864,500 +16,600 +1,96% 10 mei
Dalers Laatst +/- % tijd
UMG 28,010 -0,850 -2,95% 10 mei
DSM FIRMENICH AG 103,100 -1,850 -1,76% 10 mei
Akzo Nobel 63,080 -0,980 -1,53% 10 mei

EU stocks, real time, by Cboe Europe Ltd.; Other, Euronext & US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront