Putting Americans back to work is President Obama’s top priority. America prospers when we're all in it together; when hard work pays off and responsibility is rewarded; when everyone, from Main Street to Wall Street, does their fair share and plays by the same rules.

Job creation

President Obama’s record on job creation

When President Obama took office, the U.S. economy was losing nearly 800,000 jobs a month. Not only have we stopped the decline, we’ve now added 4.5 million private sector jobs over 29 consecutive months of job growth. [Bureau of Labor Statistics, 7/12]

 

U.S. manufacturers have added over 500,000 jobs since January 2010. During President Obama’s time in office, manufacturing jobs have increased, year to year, for the first time in more than a decade. [Bureau of Labor Statistics 7/12; New York Times, 1/5/12]

 

In 2011, Pennsylvania saw the largest one-year growth in private sector jobs since 1999: 79,000 new jobs in just one year. [Commonwealth Foundation, 2/3/12]

Mitt Romney’s record on job creation

When Mitt Romney was governor, Massachusetts fell to 47th out of 50 states in job creation, down from 36th when he took office. [Wall Street Journal, 5/31/12]

 

Independent economists say Romney’s economic plans wouldn’t strengthen the recovery, and could even make things worse. [Washington Post, 6/7/12]

Taxes

President Obama’s record on taxes

Under President Obama, federal taxes on middle-income Americans are near historic lows. In Pennsylvania, President Obama’s tax cuts have saved the typical family $3,549 so far. [Center On Budget and Policy Priorities, 4/2/12; 11/7/11]

 

President Obama has signed 18 small business tax cuts into law to support small business. In Pennsylvania, 98% of employers are small businesses. [National Economic Council, 5/12; Small Business Administration, 2010]

 

President Obama is pushing to extend tax cuts for 98% of families and 97% of small businesses, while eliminating tax breaks for companies that send jobs overseas. [New York Times, 7/9/12]

Mitt Romney’s record on taxes

Mitt Romney would eliminate U.S. taxes on foreign profits, giving companies more incentive to ship jobs overseas. A report determined Romney’s plan could create as many as 800,000 jobs in other countries. [Tax Notes, 7/16/12]

 

Romney’s tax plan would give multi-millionaires an average $250,000 tax cut while raising taxes on middle-class families by an average of more than $2,000. [Tax Policy Center, pg. 19, 8/1/12; Wall Street Journal, 8/1/12]

 

Romney’s plan to cut taxes for the wealthiest Americans will cost an extra $5 trillion over a decade, while President Obama’s budget would cut the deficit by more than $4 trillion. [Center on Budget and Policy Priorities, 5/21/12; FY2013 Budget, White House, 2/12]

Manufacturing

President Obama’s record on manufacturing

Pennsylvania has added more 11,000 manufacturing jobs since March 2010. [Bureau of Labor Statistics, 6/12]

 

President Obama’s decision to rescue the American auto industry helped save over 1 million jobs up and down the supply chain. In Pennsylvania alone, 250,000 jobs are supported by the auto industry. [Center for Automotive Research, 11/7/10; 4/21/10]

 

Since President Obama took office, Pennsylvania has gained around 1,000 coal mining jobs. [Bureau of Labor Statistics, 6/12]

Mitt Romney’s record on manufacturing

When Mitt Romney was governor, Massachusetts lost more than 40,000 manufacturing jobs. [Bureau of Labor Statistics, 6/12]

 

When the industry was on the verge of collapse, Romney opposed the auto industry rescue, arguing that we should “Let Detroit go bankrupt.” [New York Times 9/18/08]