President Barack Obama intends to create more American jobs by offering incentives to companies for keeping production in the states, primarily through tax cuts. He will also propose tax cuts for businesses that are hiring and raising employee wages, while eliminating tax breaks for companies that ship production overseas. Obama recently signed legislation making it easier for small businesses to raise funds and get loans to offset startup costs. He will also work to make tax cuts on the middle class permanent, in hopes to remove financial strain and make it possible for small businesses to succeed. In addition to these tax breaks, Obama plans to invest in education and training programs for Americans, and create partnerships between community colleges and employers to train workers for jobs that already exist. Supporting community college and vocational education will make training for high-demand jobs more accessible to workers. Throughout Obama’s first term as president, he has worked to save the auto industry and helped to save more than one million jobs. If re-elected, he plans to continue his support of the auto industry. Obama’s goal is to offer Americans the education and training necessary to find work in the struggling economy.
The focal point of Republican candidate Mitt Romney’s campaign this election has been his plan to create 12 million new jobs during his first term as president. Romney’s Plan for a Stronger Middle Class is a five-point plan designed to create more jobs and improve the overall economy. The first goal of the plan is to become energy independent as a continent by 2020. Developing natural resources in the United States will not only create millions of jobs, but will also benefit the economy by keeping the billions of dollars spent on oil within the American economy. The second point is to improve trade and open new markets for American goods and services. Romney would like to build stronger economic ties in Latin America and reduce the unfair trade practices of countries like China. Part three consists of giving Americans the skills necessary to attain a job by providing better public schools, easier access to a higher education and retraining programs for unemployed workers. The fourth part centers on cutting the nation’s deficit by reducing the size of the government and immediately cut back non-security spending by five percent. Lastly, Romney would like to support small businesses by reducing taxes and protecting workers from labor union authority.