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President Obama in Cedar Rapids, Iowa: The McLaughlins and MiddleClass Tax Cuts


Jul 14, 2012 by    

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Before President Obama delivered remarks at Kirkwood Community College in Cedar Rapids, he visited the home of Jason and Ali McLaughlin to discuss the need for Congress to extend the middle-class tax cuts that would prevent a tax hike on all families earning less than $250,000.
As a result of the tax cuts President Obama has already signed into law, the McLaughlin’s have received a total of about $4,900 in tax relief over the President’s first term. President Obama has committed to extend the middle class tax cuts that expire at the end of this year–if these tax cuts expired, the McLaughlins could face a tax increase of about $2,000.
In his speech, President Obama outlined his plan to build an economy from the middle out, not the top down, by ensuring hard work pays off and responsibility is rewarded, making critical investments in education and clean energy, and by reforming our tax system to restore middle class security and pay down our deficits in a balanced way.

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Ask An Expert: How Will This Impact Local Economies?

Shaun Donovan, United States Secretary for Housing and Urban Development, answers your questions on President Obama’s homeowner refinancing proposal that aims to make it simpler for millions of homeowners around the country to refinance their mortgages and save hundreds of dollars each month.

http://www.whitehouse.gov/refi

 

Announcing the 2012 SAVE Award

President Obama believes the best ideas usually come from the front lines. That’s why in 2009 he launched the SAVE Award (Securing Americans Value and Efficiency), seeking ideas from Federal employees to make government more effective and efficient and ensure taxpayer dollars are spent wisely. Over the past three years, Federal employees have submitted more than 75,000 cost-cutting ideas through the SAVE Award. Dozens of the most promising ideas have been included in the President’s Budget, specifically in the Cuts, Consolidations, and Savings volume.

Between now and July 24th 2012 federal employees can participate in the 2012 SAVE Award by going to :

http://www.whitehouse.gov/save-awardMore

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President Obama discusses legislation he signed on Friday that does two important things: It keeps thousands of construction workers on the job rebuilding our crumbling infrastructure, and it stops interest rates on federal loans from doubling this year for more than seven million students.More

On July 6th 2012, President Obama signed a bill that will keep interest rates on federal student loans from doubling. More than seven million students would have had to pay another thousand dollars a year had Congress failed to act. Your voices made all the difference.More

President Obama signs legislation that will keep thousands of construction workers on the job rebuilding American infrastructure and stop interest rates on federal loans from doubling this year for more than seven million students. July 6, 2012.More
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The National Mall fireworks as seen from the South Lawn of the White House. July 4, 2012.More

President Obama speaks to military families celebrating Independence Day on the South Lawn of the White House. July 4, 2012.More

President Obama welcomes members of Congress to the White House as he and the First Lady host the annual White House Congressional picnic. June 27, 2012.More