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Obama Travels to Iowa to Push Tax Plan

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  • Description

    He wants to raise taxes on high incomes

  • Duration 2:28
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This transcript is automatically generated

That's demo out there Willie dealing with the fact that Democrats have all kinds of different ideas about whether or not it makes sense to carve it out as the president.

Did yesterday at just.

Tax a key you know extending the tax rates for those making 250000.

Dollars a year or last.

Various Democrats like Nancy Pelosi now even Jesse Jackson saying.

It should -- cut -- should actually be a million dollars a year or less these got to deal with that the president's response has largely been.

That he thinks the focus should only be on the middle class should only last for one year in terms of an extension.

Mitt Romney firing away and saying that that is just going to crush jobs and be a massive tax increase for the rest of the country take a listen.

Let's not hold vast majority of Americans and our entire economy hostage.

While we debate the merits of another tax cut.

For the wealthy it.

The president's plan is aimed at small business and job creators it will kill jobs in this country and hurt the middle class.

The right answer is to extend that tax rates as they currently exist indefinitely until we put in place an entirely new it reform system.

Now the president is saying that if he gets bill to his desk.

That -- -- extends all the existing tax rates including those for the rich he will veto that.

But you'll remember there were similar threats from the White House back in 2000 intent and in the end they ended up giving him.

And extending all of the tax -- all this expiring at the end of the year.

Do they did -- -- and I can raise taxes in a recession but now there's bit of a different tone to all of that stuff up this said as president Obama's campaign.

Has really attacked governor Romney on the issue of outsourcing.

That may be coming back to bite of of that we're understanding right.

It could be now all of this started with the Washington Post story that alleged that governor Romney when he was at Bain Capital was a sort of a pioneer in outsourcing.

The Romney campaign has has vehemently denied that has pointed out that outside groups like fact check dot org.

Have shot down that allegation now there's a new story in the Washington Post this morning the Romney camp might like a little bit better quoting.

Liberal critics of the president saying he -- not done enough to deal and say get tough with China for example.

And protect US jobs from being shipped overseas I think the bottom line is that this president sort of kicked up this controversy and outsourcing.

And now you see the Republicans are firing back more than.

Very interesting -- As always thanks for -- -- --

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