Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Former President Bill Clinton Advocates for President Obama in New OFA Television Ad

Former President Bill Clinton Advocates for President Obama in New OFA Television Ad

Ratings: (0)|Views: 42 |Likes:
Published by TIMEThePage

More info:

Published by: TIMEThePage on Aug 23, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/20/2013

pdf

text

original

 
Former President Bill Clinton Advocates for President Obama in New OFA Television Ad
response-bounces@barackobama.com on behalf of Obama for America Press [press@barackobama.com]
Sent:
Thursday, August 23, 2012 5:57 AM
To:
Obama for America Press [press@barackobama.com]
 
For Immediate Release:
Thursday, August 23, 2012
Contact:
Obama for America Press (312) 985-1198 
Former President Bill Clinton Advocates for President Obama in New OFA Television Ad
 
CHICAGO --
Obama for America released a new television advertisement today featuring former President BillClinton discussing the clear choice Americans face in this election. As President Clinton notes, President Obama isfighting for an economy built to last by investing in the resources we need to rebuild America from the ground up – like innovation, education and job training – to keep our country moving forward. Mitt Romney and Paul Ryan, onthe other hand, want to go back to the same-top down economics that cuts taxes for millionaires and billionaires paidfor by raising taxes on middle-class families and lets Wall Street write its own rules. The choice for the middle class,as President Clinton notes, couldn’t be clearer. “Clear Choice” will air in New Hampshire, Virginia, North Carolina, Florida, Ohio, Iowa, Colorado, Nevada.Please click 
HERE
to watch the ad. 
VisualAudioBackupSuper
:President Bill Clinton
President Clinton VO:
This election to me isabout…
 
President Clinton direct-to-camera
President ClintonSYNC:
which candidate ismore likely to return us tofull employment.
 Super:
This is a clear choice
President Clinton VO:
This is a clear choice.
 
President Clinton direct-to-camera
President ClintonSYNC:
The Republican plan is to cut more taxeson upper income peopleand go back toderegulation. That’s whatgot us in trouble in thefirst place.
TAX CUTS FAVORING THE WEALTHIESTADDED $3 TRILLION TO THE DEFICIT Fifty Nine Percent Of The Shift From Surplus ToDeficit By 2011 Is Directly Attributable To BushAdministration Policies, While Only 12 Percent IsAttributable To Obama AdministrationPolicies.
According to the Department of Treasury, inJanuary 2001, CBO projected cumulative surpluseswould total $5.9 trillion through 2011. Instead,
Former President Bill Clinton Advocates for President Obama i...https://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...1 of 98/23/12 6:03 AM
 
cumulative deficits have totaled $6 trillion. A U.S.treasury analysis based on CBO data shows thatfifty-nine percent of the shift from surpluses to deficitsis attributable to Bush administration policies includingBush-era tax cuts, the wars in Iran and Afghanistan,changes to Medicare Part D, and other spending.Twenty nine percent of the shift from surpluses todeficits is attributable to conditions unrelated tolegislation, including updated economic anddemographic projections. Twelve percent is attributableto Obama administration policies, including theRecovery Act, the December 2010 tax law, and other spending and tax cuts. [U.S. Department Of Treasury,2/19/12] 
Ø
 
According To The Department Of Treasury,Bush-Era Tax Cuts Added $3 Trillion To TheDeficit Through 2011.
[U.S. Department Of Treasury,2/19/12] 
Ø
 
The Bush Tax Cuts DisproportionatelyBenefited The Wealthy.
“The Bush-era tax cutsconferred disproportionate benefits on those atthe top of the earnings distribution, exacerbatinga trend of widening income inequality. In 2010,the top 1% of earners (i.e., tax filers makingover $645,000) received 38% of the breaks inthe 2001-08 tax changes; 55% of the tax breakswent to the top 10% of earners (those makingover $170,000). The top 0.1% of earners (i.e.,making over $3 million) received an average taxcut of roughly $520,000, more than 450 timeslarger than the share received by an averagemiddle-income family.” [Economic PolicyInstitute,6/1/11] 
New York Times’ Teresa Tritch: Bush-Era Tax Cuts,War Spending In Iraq And Afghanistan, And TheEffects Of The Recession Largely Took The UnitedStates From Healthy Surpluses To Nine StraightYears Of Deficits.
“With President Obama andRepublican leaders calling for cutting the budget bytrillions over the next 10 years, it is worth asking howwe got here — from healthy surpluses at the end of theClinton era, and the promise of future surpluses, to ninestraight years of deficits, including the $1.3 trillion
Former President Bill Clinton Advocates for President Obama i...https://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...2 of 98/23/12 6:03 AM
 
shortfall in 2010. The answer is largely the Bush-eratax cuts, war spending in Iraq and Afghanistan, andrecessions.” [Teresa Tritch, Editorial, New York Times,7/23/11]
 TAX POLICY CENTER STUDY: ROMNEY’STAX PLAN WOULD PAY FOR TAX CUTS FOR THE WEALTHY BY RAISING TAXES ONMIDDLE CLASS FAMILIES WITH KIDS BYMORE THAN $2,000
 
Politifact Said It Was “Mostly True” That Romney’sTax Plan Would Raise Taxes On Middle-ClassFamilies With Kids By Up To $2,000 A Year.
“A newObama campaign ad shows those scenes to hammer atthe lifestyle differences between strugglingmiddle-class Americans and the Republican presidential candidate. Then it takes aim at Romney’seconomic proposals. ‘Now he has a plan,’ the ad says,‘that would give millionaires another tax break andraises taxes on middle-class families by up to $2,000 ayear.’ … But a new independent study offers broader  perspective on how taxpayers at all income levelswould be affected by Romney’s plan… The authorsspecifically noted that taxpayers with children whoseincome is below $200,000 would see their taxes go up by an average of $2,041 -- the figure highlighted inObama’s ad. The reason for the increase is that the most popular tax breaks heavily benefit middle- and lower-income families, the 95 percent of the populationearning less than $200,000 who carry mortgage debtand use employer-provided health insurance… We ratethe claim Mostly True.” [Politifact,8/3/12] 
·
 
If Romney’s Tax Plan Was Paid For, FamiliesWith Kids Who Make Less Than $200,000Would See An Average Tax Increase Of $2,041.
[Tax Policy Center, On The Distributional EffectsOf Base-Broadening Income Tax Reform, p. 18,8/1/12] 
ROMNEY VOWS TO REPEAL WALL STREETREFORM BUT HAS NO PLANS FOR PREVENTING ANOTHER FINANCIAL CRISIS
 
Headline: “Mitt Romney Mum On How To RegulateBig Banks”
[Boston Globe,5/2/12] 
Romney Pledge To Repeal Dodd-Frank But Has
Former President Bill Clinton Advocates for President Obama i...https://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...3 of 98/23/12 6:03 AM

Activity (2)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->