Obama for America National Policy Director James Kvaal lays out the clear difference between President Obama and Mitt Romney when it comes to supporting middle-class and low-income families:
Over the past four years, President Obama has been dedicated to strengthening the middle class and making sure everyone who is willing to work has the opportunity to climb out of poverty into the middle class.
New median income data released by the Census Bureau today shows that incomes continued to decline in 2011—but the data doesn’t reflect that the economy continues to grow and create jobs. Over the past 12 months, median incomes have increased by over $1100, ac,cording to a private forecaster both campaigns have cited. Businesses have created almost 2 million jobs in that time, and 4.6 million jobs over the last two and a half years. And to help families, the President signed a payroll tax cut that put $1,000 back in the pocket of the typical American family this year.
President Obama has been clear that we need to do more to create jobs now as it’s the single most important step we can take to keep median incomes rising. That’s why he has a detailed plan that will add 1 million jobs next year, based on independent estimates, and boost the economy by helping small businesses hire and invest, putting construction workers back to work, and helping schools avoid teacher layoffs.
Romney opposes action to create jobs now and is pushing a plan that could actually slow the economy by making deep and immediate spending cuts. In fact, compared to the President’s policies, Romney’s plans would create 2 million fewer jobs next year alone, based on independent analysis.
And to pay for his $5 trillion tax plan that’s slanted toward the wealthiest, Romney will have to raise taxes on the middle class. Romney says he will pay for his plan by closing tax deductions, which the independent Tax Policy Center says would require raising taxes on middle-class families with children by an average of $2,000. And he supports a budget plan that could cut Pell Grants for 10 million students, eliminate 27,000 scientific and medical research grants over the next decade, and deny Head Start to 200,000 children.
President Obama has a clear plan to build on recent progress in the economy and help middle-class families and those seeking to join the middle class. Mitt Romney would return us to the same failed economic policies of the past that benefited a few, but let down the middle class and crashed the economy.