Obama accuses 2016 candidates of talking down America
It was the second time this week Obama took aim at Trump, without mentioning him by name.
7 things to watch at the CNN Republican debate “You wouldn’t know any of this if you were listening to the folks looking for this office in that I occupy”, the President told the group of American chief executives. While Obama did so, he criticized Republicans in Congress for “playing chicken” with the federal budget because of the GOP’s opposition to federal funding for Planned Parenthood, which consumes a tiny fraction of the $18 trillion federal budget. That shutdown was precipitated by the ongoing feud over funding for the implementation of the Affordable Care Act, a major legislative victory for Obama that requires health insurance coverage and created federally subsidized marketplaces to shop for and find care plans. The current tax law calls these earnings capital gains-the same as when an investor makes a gain after buying a stock-so the managers can pay taxes on them at a lower rate than they would on regular income. House Ways and Means Committee Chairman Paul Ryan has said the proposal won’t make it into the tax debate at least until 2017, when a new occupant will be in the White House, and Republicans will attempt to revamp the entire tax code.
On the eve of the Republican presidential debate, President Barack Obama on Wednesday challenged those presidential candidates who have said that America’s fortunes are declining and its global power waning at the expense of a rising China.
Critics of Obama’s plan include Republicans in Congress and hedge fund executives on Wall Street.
The Business Roundtable is made up of CEOs from large corporations. Here’s what’s at stake: Private equity and hedge fund managers can receive part of the profits from the funds they manage. “On the other hand, if we close the tax loophole, we could double the number of workers in America’s job training programs”.
“Our problems is not that China is going to out-negotiate us”, Obama said, pushing back on another Trump claim. Obama, however, has called for budget talks to raise the caps for defense and non-defense spending, offsetting the added spending with tax increases or spending cuts in future years. He stated it is doing higher than these nations who’ve embraced spending cuts to climb their method out of robust financial occasions and that “perennial gloom and doom” descriptions are perpetuated by the presidential marketing campaign that may decide his successor. “Anyone take a look at the Russian economy lately?”
“America’s winning right now”.