Obama EDUCATION - “Race to the Top” - Wants to reward schools who choose to raise standards and innovate in education - Thinks “No Child Left Behind” is too restrictive - Doesn’t want schools to have to cut teachers - Focused support on Community Colleges to make sure we are educating people for the available jobs - Reformed the way student loans are paid back to give relief to recent graduates Romney - “A Chance for Every Child” - Wants to promote school choice for students in failing schools - Thinks schools will improve due with increased competition for students - Thinks “No Child Left Behind” is imperfect, but supports the idea of measurable standards for schools - Wants to recruit and reward good teachers - Thinks that schools should be held to high standards Obama HEALTHCARE - Obamacare – Passed the Affordable Care Act - Provides a cheap alternative for people who don’t have private insurance - Places restrictions on how insurance companies can increase rates and when they can drop coverage - Extended how long recent college graduates can stay on their parents’ insurance - Places emphasis on preventative care Romney - Views Obamacare as a $500 tax increase - Thinks States are better positioned to provide healthcare mandates for their citizens - Thinks states can experiment and learn from each other to find what works best - Promotes free markets and competition as a way to improve quality and cut healthcare prices - Advocates patient centered approach where patients get to make the decisions concerning their care Obama IMMIGRATION - Pro DREAM Act – created a Homeland Security directive to match some of the failed legislation - Thinks illegal immigrants are generally hard workers, but end up depressing wages for others - Pro Fence - Con States taking the lead to enforce federal law - Thinks we should prioritize who we deport first - Wants to keep families together Romney - Con DREAM Act – Thinks amnesty is a bad idea, but agrees with part of the legislation - Thinks illegal immigrants steal jobs from Americans - Thinks we should work to attract MORE highly skilled immigrants to compete for jobs and bring skills to the economy - Wants to reform temporary Visa system - Pro Fence - Pro States taking the lead to enforce federal law - Wants to keep families together Obama TAXES - Wants to make sure the wealthiest Americans are paying higher taxes and not using loopholes - Advocates the “Buffet Rule” - Thinks we need to cut spending, but not as much as Romney - Wants to increase the estate tax for those transferring more than $3.5 million - Cut corporate tax rate from 35% to 28% - HIGHER TAXES ON WEALTHY Romney - Wants 20% cut in all marginal income tax rates - Keep tax rates steady for interest, dividends, and capital gains while eliminating these taxes for anyone earning less than $200,000 in these areas - Remove the estate tax - Cut corporate tax rate from 35% to 25% to encourage job growth - Strengthen tax cuts for research and development - LOWER TAXES/SMALLER GOVERNMENT Obama ENERGY + ENVIRONMENT - Wants to increase domestic oil and gas production, but not at the expense of the environment - Advocates clean energy, promised to create jobs in green energy - Denied construction of the Keystone XL Pipeline due to concerns of a lack of information - Thinks we need to be careful with energy regulation - Wants to lower oil prices by reducing demand for oil - Clean Energy and Safe Regulation Romney - Wants to find and use America’s existing energy resources (oil, gas, coal) - Thinks that Obama has wasted money on failed green energy companies and initiatives - Would approve the Keystone XL Pipeline immediately - Thinks some regulation is necessary, but that less is needed - Wants to lower oil prices by increasing supply of oil - More Energy and Less Regulation Obama JOB CREATION Romney - Focused on reviving U.S. manufacturing - Wants to eliminate tax breaks for companies that outsource overseas - Will provide incentives for companies who create jobs in U.S. - Prefers stricter regulations to prevent future economic meltdowns - Invested in Community Colleges to help train and retrain workers - Wants to be tougher on China to crack down on their advantages - Reduce marginal tax rates and corporate tax rate to get businesses to hire more workers - Reduce government spending to accommodate tax cuts - Reduce or eliminate regulations that restrict business - Wants to encourage free trade in global markets - Will reduce the power and influence of unions - Re-orginize retraining and re-employment efforts with a focus on state control - Wants to be tougher on China to crack down on their advantages Obama DEBT AND DEFICIT - Wants greater emphasis on making wealthy people pay their fair share in taxes to reduce the deficit - Wants to eliminate Bush-era tax cuts - Does not approve increasing military spending - Will invest in education, research and technology to promote longterm economic growth to boost revenue - Interested in cutting government waste - Not interested in cutting entitlements such as Medicare Romney - Will cut programs that are unworthy of borrowed money from China - Cap government spending at 20% of GDP - Will cut non-security discretionary spending most heavily - Will work to repeal Obamacare, privatize Amtrak, cut spending on Arts, Planned Parenthood, and Foreign Aid - Shift programs to state level to improve efficiency - Cut federal workforce and federal employee pay