obama's blueprint for america's future second term plan

7/31/2019 Obama's Blueprint for America's Future Second Term Plan

1/11

President Barack Obama


2/11

Im asking the entire country to rally around a set o goals or our

country goals in manuacturing, energy, education, national security

and the defcit This is a real, achievable plan that will lead to new

jobs and more opportunity, and rebuild this economy on a stronger

oundation. President Obama

BUILDING AN ECONOMY FROM THE MIDDLE

CLASS OUTReviving American Manuacturing. President Obamas policies have helped manuacturing rebcreating nearly 500,000 jobs in the last 31 months. The Presidents plan will build on that succreating 1 million new manuacturing jobs by 2016.

Energy Made in America. Dependence on oreign oil hurts our economy and imperils nationsecurity, which is why President Obama has set a goal o cutting our net oil imports in hal b2020. President Obamas policies have helped to cut net imports by nearly 30% in his rst talready, and his plans to expand domestic energy production will support more than 600,0in the natural gas sector alone.

Growing Small Businesses. Small businesses create two out o every three new jobs in AmPresident Obama has invested in entrepreneurs and small business owners by cutting taxehelping them expand into markets overseas and working to ensure they can get the capitneed to invest and grow.

Quality Education. A quality education is not a luxury. It is an economic imperative opaying jobs, a strong middle class and a workorce that out-innovates the world. PresidObama will strengthen our schools by recruiting 100,000 math and science teachers, t2 million workers or real jobs at community colleges, and cutting tuition growth in ha

Cutting The Defcit By More Than $4 Trillion. We must return to the principles that mAmerica great, rewarding hard work and responsibility. By eliminating special loophoand tax breaks that benet big business and the wealthiest as part o a balanced dereduction plan that also cuts spending we cant aord we can grow our economywithout burdening our children and grandchildren with debt.

Putting YOU in Charge o Your Health Care. Health care costs were skyrocketing aamilies were denied care. So President Obama passed a landmark law to expand to aordable insurance, letting young adults stay on their parents plan until age 2eliminating lietime coverage limits, ending denials based on pre-exisiting conditand eliminating cost sharing and other out-o-pocket costs or recommended precare.

Protecting Retirement Security. We can choose a uture where we cut our decwithout wrecking our middle class. President Obama has put orward a specicbalanced plan o spending cuts and revenue increases providing more than $4in decit reduction over the next decade, without ending guaranteed benets Medicare or slashing Social Security.

Its time or a new economic patriotism, rooted in the belie that growing our economy begins with a strong, thriving class. Over the past 31 months, American businesses have created 5.2 million jobs. Independent economists project economy will create an additional 12 million jobs in the next our years. The President believes we must do even mogrow our economy and strengthen the middle class. The goal o his jobs plan is to strengthen middle-class security bysmart investments in education and training, growing small businesses, promoting technology and innovation, and rethe decit.


3/11

REvIvING AMERICAN

MANUFACTURING

Manuacturing and technology are the lie-blood omiddle-class amilies and key engines o the Americaneconomy, sparking innovation, generating higher-wage

jobs, and strengthening entire communities. But wecant create an economy built to last i America doesntmake things the world buys.

Nearly 500,000 new manufacturing jobssince January 2010.

The American manuacturing sector has rebounded led by the auto industry rescued by President Obama ueling 31 straight months o job growth, adding 5.2million private sector jobs. Manuacturing jobs aregrowing or the rst time since the mid-1990s.

President Obama gave emergency loans to rescueGeneral Motors and Chrysler, saving more than 1

million jobs up and down the auto supply chain andpreventing the loss o over $96 billion in personalincome.

President Obama created the National ExportInitiative to promote U.S. goods and signed Free TradeAgreements with South Korea, Panama and Columbia,removing trade barriers, expanding access to credit,and putting America on the path to double exports by2015. Exports are up 36% since he took ofce.

President Obama brought more trade cases againstChina in our years than the previous president did ineight years and won every one o them that has beendecided.

For the rst time in years, manuacturing companiesare seeking to bring back jobs that were sent overseas,according to the Boston Consulting Group.

We reused to let Detroit go bankrupt. We bet on American workers

and American ingenuity, and three years later, that bet is paying o

in a big way. President Obama

President Obama passed a tax credit or companmanuacture advanced energy technologies in thsupporting 183 projects in 43 states.

But theres more to do.A national goal to create 1 million new manuacjobs by the end o 2016:

1. Reorming the corporate tax code to bring dowrates cutting tax rates on domestic manuactuby nearly a quarter while closing tax preereand loopholes to pay or it.

2. Ending tax deductions or companies shippingoverseas, and using the savings to create a newcredit or companies that bring jobs home.

3. Standing up or American workers and busines

the global marketplace, taking on Chinas unapractices through a new trade enorcement unlevel the playing feld.

4. Training 2 million workers with the skills or gojobs through new partnerships between commcolleges and employers.

5. Creating a new network o 15 to 20 manuactuinnovation institutes to bring together businessand research universities to ensure that thenext generation o products are invented andmanuactured here.

One million new manuacturing jobs can put miclass people back to work and give new collegegraduates good jobs right out o school.

I will not stand by when our competitors dont play by the rules. Weve brought

trade cases against China at nearly twice the rate as the last administration

and its made a dierence. President Obama


4/11

ENERGY MADE IN

AMERICA

We cant uel our recovery without developing moreAmerican-made energy.

To continue to uel booming exports, the President isleading the ght to saely and responsibly develop allsources o domestic energy to reduce our dependenceon oreign oil and while protecting the environment.

What we have done together:Cutting oreign oil imports to a 20-year low.

Since President Obama took oce, America hasregained its position as the worlds leading producero natural gas. Weve doubled renewable energyproduction rom wind and solar, and domestic oilproduction grew to a 14-year high. The result: ourdependence on oreign oil is at a 20-year low this year.

The number o oil rigs in production in the UnitedStates is now at a 25-year high. Natural gas productionis at record levels, and electricity generation romwind, solar, and geothermal is on track to double bythe end o 2012. Wind energy production in the USnow supports over 75,000 clean energy jobs across thecountry.

President Obama has made a historic $5 billioninvestment in clean coal, our largest source odomestic power, to develop new technologies tocapture carbon pollution.

And President Obama has doubled uel-eciencystandards or cars and trucks.

All o this is putting thousands o Americans back towork.

The way orward:Expanding underground and clean energy productand cutting oreign oil imports in hal by 2020.

President Obama is pursuing an all-o-the-aboveenergy strategy that will produce reliable, aordabenergy and take steps to protect our climate:

1. Opening up millions o acres or exploration anddevelopment, including undiscovered oil and garesources in the Gul o Mexico and the Arctic.

2. Investing in domestic energy sources includingwind, solar, clean coal, nuclear, and biouels. Alwhile increasing our energy efciency.

3. Doubling uel economy o cars and light trucksto 54.5 mpg by 2025, which will reduce oilconsumption by 2.2 million barrels a day and saconsumers more than $8,000 at the pump.

4. Calling on Congress to build on our success inpositioning America to be the worlds leadingmanuacturer in high-tech batteries. PresidentObama is calling or extending tax credits thatsupport clean energy manuacturing.

5. Setting a standard or utility companies so that 80o the nations electricity comes rom clean sourby 2035. This will help create a market or Amermanuacturers to make the clean energy technolwe need, while improving access to cheaper, mosecure energy or U.S. manuacturers.

President Obamas plan will grow Americas piece the global clean energy market, creating well-payi

jobs here at home, including more than 600,000 join natural gas alone.

And by growing American energy, we can keep ouyoung men and women working here at home, notfghting wars on oreign soil.

With only 2% o the worlds oil reserves, oil isnt enough. This country needs

n all-out, all-o-the-above strategy that develops every available source

American energy. A strategy thats cleaner, cheaper, and ull o new jobs.

President Obama, State o the Union Address, 1/25/12


5/11

I said I would cut taxes or small businesses who are the drivers and

engines o growth and weve cut them 18 times. And I want to continue

those tax cuts or middle-class amilies and or small businesses.

President Obama

GROWING SMALL

BUSINESSES

From the mom-and-pop storeront shops to high-tech startups, small businesses are the backboneo our economy. These businesses create two outo every three new jobs in America, helping spureconomic growth in communities across ourcountry and giving millions the opportunity toachieve the American dream.

But when President Obama took oce, Americansmall businesses were struggling under the burdeno a credit crunch created by the Wall Streetmeltdown, runaway health care costs, and thedevastating eects o the recession.

President Obama went to work, cutting smallbusiness taxes 18 times.

And the President is fghting to continue tax cutsor 97% o small business owners, while passingnew relie or businesses that invest and hire.

President Obama signed 18 small business tax cuts intolaw to encourage more hiring and investing, and is ghtingto keep income taxes low or 97% o all small businessowners. The President expanded low-cost loans throughthe Small Business Administration, opening up access tocapital or growth.

President Obama provided tax credits or small businessesthrough the Aordable Care Act, which will cover 50%o costs or small businesses health insurance premiums,helping small businesses aord insurance or their workers.

Ater years o economic policy ocused on the neo big business, President Obamas policies levelplaying eld or small businesses. Last year, there60,000 more new businesses started than in the yPresident took oce, and the share o Americanare starting new businesses is at a near 16-year h

With tax incentives or hiring and growth and gaccess to capital, especially or women-ownedbusinesses, more Americans can be their own bogrow their existing businesses.

Big plans for Small Business Growth:

1. Cutting taxes or small businesses that hire newworkers or increase wages and extending 100%o expensing, letting businesses immediately writeo the costs o new plants and equipment.

2. Extending the middle-class income tax cuts whichwould prevent 97% o small business owners romacing a tax increase.

3. Expanding the health reorm tax credit to cover50% o small businesses health care costs in2014 and providing access to group rates, sosmall businesses wont continue to pay up to 18%more than large frms or health insurance.


6/11

You can choose a uture where more Americans have the chance

to gain the skills they need to compete, no matter how old they

are or how much money they have. Education was the gateway

to opportunity or me. It was the gateway or Michelle And

now more than ever, it is the gateway to a middle-class lie.

President Obama, Convention Acceptance Speech, 9/6/12

IMPROvE EDUCATION FOR

MIDDLE-CLASS JOBS

Over the next ten years, more than hal o all new jobswill require a college degree. Yet, as many as hal oour students arent even nishing high school. Today,the United States is just 14th in the world in the shareo adults, age 25 to 34, holding college degrees andcerticates. More than ever beore, education is the surestpath to the middle class and a competitive economy.

Thats why the President made major investments reorms to our education system:

Education begins at home, with parents who read ttheir kids, set limits on the TV, and instill a lielong o learning. But theres no substitute or a good schor the teacher who stands at the ront o the classroThats why, even as we aced one o the worst econcrises in history, President Obama worked with stahelp save the jobs o 400,000 educators.

The President demanded reorm in return or moreresources, and or less than one percent o what oucountry spends on education each year, nearly evestate is raising standards or teaching and learning.

President Obama cut the big banks out o the studeloan business, and passed the savings directly to stearning their education. He gave nearly 10 millionyoung people Pell Grants and created the America

Opportunity Tax Credit to give students up to $10,0over our years o college.

President Obamas plan or Americas uture: Highproportion o college graduates in the world by 2we can compete and win in the 21stCentury econo

1. Cutting tuition growth in half over the next ten We can make college more aordable by contintax credits to help middle-class amilies aord cotuition, doubling the number o work-study jobs creating incentives or schools to keep tuition do

2. Recruiting and preparing 100,000 math and scieteachers. We can out-compete China and Germout-educating them. The STEM Master Teacher Cand investments in research and innovation intobest ways to teach math and science will help immath and science education nationwide.

3. Strengthen public schools in every community.Because we cant compete or jobs o the uturewithout educating our children, we must preventeacher layos. We also must expand Race to theto additional school districts willing to take on breorm. The President will oer states committedreorm relie rom the worst mandates o No Chi

Behind, like incentives to teach to the test, so thecrat local solutions.

4. Train 2 million workers for good jobs that actuaexist through partnerships between businesses acommunity colleges.

President Obama believes investing in our childrethe best way to invest in Americas uture and creaopportunity or everyone.


7/11

Asking a billionaire to pay at least as much as his

secretary in taxes? Most Americans would call tha

common sense. President Obama

A TAX PLAN THAT CUTS THE

DEFICIT AND CREATES JOBS

Upon taking oce, President Obama inherited the largest decit in hlargely caused by putting the costs o two wars on a credit card, givinmassive tax cuts or the wealthy that were not paid or, and suering ahistoric recession made worse by the nancial crisis.

I were going to restore the security the middle class has lost, weve to return to the principles that made America great. That means makisure that hard work and responsibility pay. It means rewarding work wealth. It means eliminating special loopholes and tax breaks that bebusiness and the wealthiest, and asking them to pay a little more.

The Obama Record: Cutting taxes for the Middle Class. Cu$1 trillion in spending.

To strengthen the middle class, President Obama passed wide-ranginrelie or working amilies, including a payroll tax cut or every Amerworker, and tax cuts or small businesses to help them weather the reand spur new private-sector hiring. And the President has provided ncuts to help the middle class aord higher education and health care

Under President Obama, the typical American amily saved $3,600 over the past our years.

The President has already signed $1 trillion in spending cuts into lawput annual domestic spending on track toward its lowest level as a shthe economy since Eisenhower was President.

A balanced approach to reducing the defcit:

Asking the wealthiest to do their air share while creating an economwhich out-educates, out-innovates, and out-builds the world.

1. President Obamas plan reduces the defcit by more than $4 trillionthe next decade, including $1 trillion in spending cuts he signed intlast summer, and cutting $2.50 in spending or every $1 in additionrevenue rom the wealthiest amilies and closing corporate loophol

2. The plan makes sure millionaires arent paying lower tax rates thanmiddle-class amilies.

3. President Obama would commit hal o the money saved rom respending wars in Iraq and Aghanistan to reducing the defcit and thehal to putting Americans back to work rebuilding roads, bridges, ruand schools here in the United States.

President Obamas plan keeps middle-class tax cuts in place and redthe defcit by fnally asking millionaires and billionaires to pay theirshare.

Its a plan that grows the economy and puts people back to work, wpiling debt on the shoulders o our children and grandchildren.

PRESIDENT OBAMA VS. MITT ROMNEYTax Savings Under Obama

In his rst term, Obama hasalready cut taxes or the typicalamily by $3,600.

Tax Increase Under Romney

Romneys plan raises taxes bymore than $2,000 on middle-class amilies with kids.

(White House National EconomicCouncil, 7/12)

(Tax Policy Center, 8/1/12)


8/11

It is up to you whether we go back to a health care system that lets insurance

companies decide who to cover, when to cover it, whether they can drop you rom

your coverage whenever you need it most, or whether we keep moving orward

with a law that is already cutting costs and covering more people and saving lives.

They call it Obamacare. I like that name, because I do care. President Obama

PUTTING YOU IN CHARGE

OF YOUR HEALTH CARE

Aordable health insurance you can rely on is part o themiddle-class bargain. Americans who work hard and paytheir premiums should have the security that comes withgood health care.

Beore President Obama took oce, the average cost ohealth care premiums was growing three to our times asterthan infation, insurance companies were routinely chargingwomen 50% more than men or the same coverage andnearly 15 million young Americans were without healthinsurance.

Americas New Health Care Law Putting YBack in Charge.

The new health care law puts an end to the worst incompany abuses.

It gives working amilies the security o knowing theaordable health insurance options i they lose theswitch jobs, and their coverage will be there when sick. It prevents insurance companies rom reusingchildren with pre-exisiting conditions and, in 2014,adults with pre-exisiting conditions.

And 47 million women will benet rom the healthreorm provision that requires health plans to coversaving preventive care that women need without oupocket costs.

Young Americans can stay on their parents plan un26. As a result, 3.1 million young adults have alreagained health care coverage.

Under Obamacare, insurance companies are requi

law to spend 80% o premiums collected on mediclimiting the amount they can spend on things like oand executive pay. I they dont ollow this rule, theto reund money to their customers. Nearly 12.8 mAmericans have received more than $1.1 billion inthis year.

Obamacare is working to rein in insurance compagive people more control over their health care. St2014, the Obamacare Law:

1. Ensures that all Americans can purchase health ceven i they have a pre-existing condition.

2. Creates a marketplace that oers group rates andcredits so everyone can aord insurance.

3. Prohibits discrimination in premiums so women up to 50% more or the same policy as men.

4. Further cuts taxes or small businesses to cover 5their premiums.

By putting a stop to insurance company abuses anexpanding access to coverage, Obamacare is givino Americans more economic security.


9/11

I will never turn Medicare into a

voucher. No American should ever

have to spend their golden years at

the mercy o insurance companies.

They should retire with dignity and

the respect that theyve earned.

President Obama

PROTECTING RETIREMENT

SECURITY

With each paycheck, American workers contribute some o their hard-earnedwages or the promise o a secure and healthy retirement. Theres a goodreason or that.

Prior to Medicares inception, one-hal o American seniors did not havehospital insurance. And 14 million Americans aged 65 and older would allinto poverty now i they did not receive their Social Security payments.

Medicare is a critical saety net or Americas seniors and people withdisabilities. Beore President Obama took oce, mismanagement o Medicaredrove the plan 20 years closer to deault.

President Obama strengthened Medicare by cutting overpayments toinsurance companies and cracking down on billions in health care waste,

raud and abuse. The President added eight years to the Medicare Trust Fund.And President Obama saved nearly 4 million seniors an average o $600 lastyear on their prescription drugs and provided ree coverage or recommendedpreventive care, saving Medicare beneciaries money and keeping themhealthy with regular check-ups and screenings.

President Obamas plan protects American workers path to a secureretirement and keeps the promises weve made to current and uture

generations:

1. Oppose efforts to gamble Social Security on the stock market. PresidentObama will fght or balanced defcit reduction, and extend the lie oMedicare and Social Security, without ending guaranteed benefts or slashingbenefts.

2. Stop proposals to turn Medicare into a voucher system. For decades,American workers have contributed some o their hard-earned wages inexchange or guaranteed medical coverage in their retirement.

3. Save 60,000 lives and $10 billion for Medicares future by partnering withhospitals to reduce inpatient inections and needless readmissions.

Working Americans paid into Social Security and Medicare with everypaycheck. President Obamas plan will make sure middle-class amilies getthe secure retirement they have earned.


10/11

Over the next ew years, big decisions will be made in Washington

on jobs, the economy, taxes and defcits, energy, education, war and

peace decisions that will have a huge impact on our lives and our

childrens lives or decades to come

It will be a choice between two dierent paths or America. A choice

between two undamentally dierent visions or the uture. Ours is a

fght to restore the values that built the largest middle class and the

strongest economy the world has ever known

But know this. Our problems can be solved. Our challenges can be

met. We are moving orward, America. President Obama

MOvING AMERICA FORWARDFour years ago, our country aced the worst economic crisis since the Great Depression. The President took boldaction to stem the crisis and stimulate our economy and, since that time, America has worked hard to produce31 straight months o private sector job growth, with businesses large and small creating 5.2 million jobs.

President Obama knows that it is not enough to just recover rom the recession we must createan economy that is built to last, that restores economic security or the middle class and creates alasting economic recovery. This blueprint or Americas uture lays out the steps we need to take together to getus there.

F RWARDBarackObama.com/Plan


11/11

Building an Economy from the Middle Class Out p.2

Reviving American Manufacturing p.4

Energy Made in America p.6

Growing Small Businesses p.8

Improve Education for Middle-Class Jobs p.10

A Tax Plan That Cuts the Decit and Creates Jobs p.12

Putting YOU in Charge of Your Health Care p.14

Protecting Retirement Security p.16

Moving America Forward p.18

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Obama for AmericaP.O. Box 803638Chicago, IL 60680

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Paid for by Obama for AmericaBarackObama.com/Plans

obama's blueprint for america's future second term plan

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