Wednesday, May 16 2012, 10:59 AM MDT
Obama Meets With Both Parties To Push For "To-Do List"
(KUTV) President Obama will meet with the heads of both parties Wednesday to push for a series of bills he says will create jobs and build a stronger economy.
The President’s list includes:
• Eliminating tax breaks for companies that send jobs overseas.
• Giving tax breaks to small businesses hiring u-s workers.
• Extending tax breaks for clean energy companies.
• Refinancing help for homeowners.
• And job search assistance for veterans.
However, one more item could emerge at the meeting: another battle lies ahead on raising the nation's debt ceiling, which will be reached by year end. House speaker John Boehner says in order to raise the cap, he will insist on deep cuts in federal spending.
"Allowing the debt ceiling to go up, without addressing our fiscal challenge, would be the most irresponsible thing I could do,” said Boehner.
Last year's debt battle was contentious - leading to several failed attempts to tackle the deficit.
Among them: a deal nearly reached at a golf summit between President Obama and Speaker Boehner fell apart, and the threat of a default triggered a downgrade of the US credit rating.
Senate Majority Leader Harry Reid says it’s time for Republicans to work with Democrats.
"The American people have had enough of this brinkmanship,” said Reid. “They want us to get things done."
Wednesday's arguments are same ones that faced Congress then: Republicans want deep cuts in spending. Democrats want higher taxes for the wealthiest Americans.
(Copyright 2012 Sinclair Broadcasting Group.)