Decision 2012

New battle begins over tax cuts and potential repeal of "Obamacare"


POSTED: Tuesday, July 10, 2012 - 3:30pm

UPDATED: Tuesday, July 10, 2012 - 3:44pm

Iowa is where Barack Obama's rise to the White House began in 2008.

Like they did then, iowans lined up to see him Tuesday, but in fewer numbers.

Polls there show the race a dead heat.

The president is pushing his new tax plan.

"Make sure the taxes on 98% of Americans don't go up, and then we should let the tax cuts expire
for folks like me, the top 2%!" he told supporters.

Under his plan taxes would go up on individuals making over $250,000 and on small businesses that pay at that rate.

Mitt Romney was in Colorado, another Obama state in 2008, slamming the president's plan.

"The very idea of raising taxes on small business and job creators at the very time we need more
jobs is the sort of thing thing only an extreme liberal can come up with!" Romney said.

Romney was speaking in the same school where the president, three years ago, pushed his number one accomplishment: Health care reform.

He vowed to scrap the Affordable Health Care Act, known by opponents as "Obamacare".

On Capitol Hill Republican lawmakers will vote again Wednesday to repeal the law.

"We are resolved to get rid of a law that will ruin the best health care delivery system the world's ever seen," said Speaker of the House John Boehner. "It'll bankrupt our country and make it impossible to grow our economy. That's why we're doing it."

Democrats say it boils down to politics.

A repeal has no chance of passing the Senate.

Comments News Comments

Post new Comment