Jobs & The Economy: Putting America Back to Work

“The American Jobs Act answers the urgent need to create jobs right away. But we can’t stop there. We have to … start building an economy that lasts into the future — an economy that creates good, middle-class jobs that pay well and offer security… If we want [companies] to start here and stay here and hire here, we have to be able to out-build and out-educate and out-innovate every other country on Earth.”

— President Barack Obama, Sept 8, 2011

Jobs & The Economy: Putting America Back to Work

Protecting the Middle Class News

  • Today’s Suspension of Payments and the Affordable Care Act

    Today, thanks to the Affordable Care Act, the Department of Health and Human Services has suspended payments worth an estimated $2.3 million per month to 78 Texas home health agencies suspected to be involved in an alleged fraud ring. That’s more than $27 million in hard-earned taxpayer dollars that could be saved over the next year.

    The suspension of payments was part of today’s announcement that:

    “A physician and the office manager of his medical practice, along with five owners of home health agencies, were arrested today on charges related to their alleged participation in a nearly $375 million health care fraud scheme involving fraudulent claims for home health services.”

    Today’s suspension of payments are part of efforts that recovered $4.1 billion in taxpayer dollars last year, the second year recoveries hit this record breaking level.  Total recoveries over the last three years were $10.7 billion. Prosecutions are way up, too: the number of individuals charged with fraud increased from 821 in fiscal year 2008 to 1,430 in fiscal year 2011 – nearly a 75 percent increase.

    In addition to cracking down on fraud, we are also taking aggressive steps to cut payment errors in Medicare and Medicaid. We dramatically reduced the government-wide rate of improper payments in fiscal year 2011, including significant reductions in every Medicare and Medicaid program. All told, we have avoided over $20 billion in improper payments over the past two years, as part of our efforts to reduce waste and error across government through the Obama Administration’s Campaign to Cut Waste.

  • Training Workers with the Skills Employers Need

    The Community College to Career Tour at Davidson County Community College

    Vice President Joe Biden, Dr. Jill Biden, and Secretary of Labor Hilda Solis make remarks at Davidson County Community College, in Thomasville, North Carolina, February 24, 2012. The Vice President Joined Dr. Biden and Secretary Solis for the last stop of their community college tour to announce the availability of $500 million to fund partnerships between community colleges and businesses to train workers with skills employers need. (Official White House Photo by David Lienemann)

    Last Friday, Vice President Biden joined Dr. Jill Biden and Secretary of Labor Hilda Solis at Davidson County Community College in Thomasville, North Carolina to discuss the importance of training workers with the skills employers need right now. This visit was the final leg of a five-state, three-day Community College to Career Bus Tour that Dr. Biden and Secretary Solis took to highlight the $8 billion Community College to Career Fund recently proposed as part of the President’s FY 2013 Budget.

    Speaking to over 300 faculty, students, and other members of the Davidson community, the Vice President argued that America’s skilled workforce is one of our greatest economic assets.  But now that many American manufacturers and other businesses are growing again, too many are having trouble finding workers with the exact skills they need.  That’s why it’s so important to forge partnerships between community colleges and businesses to train workers with the skills that employers need for jobs that are open right now.  On Friday, the Vice President announced that the Administration is taking further steps to do exactly that by making available another $500 million to create and expand these partnerships as part of the Trade Adjustment Assistance (TAA) Community College and Career Training grant program. 

    The Administration’s efforts to create and expand these training partnerships are already showing results at places like Davidson County Community College (DCCC).  Thanks to a grant they received in the first round of this program, DCCC has been able to expand their partnerships with local companies to train workers with the skills they need—companies like Ingersoll Rand, which is working with DCCC to train workers with computer numerically controlled manufacturing skills, or Unilin Flooring, which is training workers in electronics engineering.  And these programs are working—in fact, every single graduate of the electronics engineering program at Davidson County Community College has been able to secure a job, many of them at companies like Unilin.  

  • Fighting Improper Payments And Fraud – Protecting Taxpayer Dollars

    Ed note: This was originally published on The CMS Blog, the official blog for the Centers for Medicare & Medicaid Services

    Fighting fraud and waste in the health care system is a top priority for the Obama Administration. We are committed to using all resources at our disposal in these efforts – and they are paying off.

    Just last week, the Departments of Justice and Health and Human Services (HHS) released an updated annual report showing that in FY 2011 anti-fraud efforts have recovered more than $4.1 billion in fraudulent Medicare payments – the second year in a row recovery efforts reached this unprecedented level.  Compare this to just $2.14 billion recovered in FY 2008.  Prosecutions are way up too:  the number of individuals charged with fraud increased from 821 in fiscal year 2008 to 1,430 in fiscal year 2011 – nearly a 75 percent increase.

    But we know we need keep doing more to end the “pay and chase” model of fighting fraud.  We need to stop fraud and waste from happening in the first place.  Today we’re taking an important step to protect taxpayer dollars by reducing improper payments to Medicare Advantage plans, an action that is estimated to save $370 million in the first audit year alone.  By improving the way we audit Medicare Advantage contracts, we will reduce the payment error rate for the Medicare Advantage program  and that saves money for Medicare.

    We are also using new, advanced techniques to fight fraud.  Starting last year, we have been using “predictive modeling” technology – similar to technology used by credit card companies to identify and fight fraud nationwide.  This effort is just getting started but it’s already making a difference. Since the predictive modeling system was activated, CMS has stopped, prevented or identified $20 million in payments through November 2011 that should not have been made.

    In addition, predictive modeling has identified 2,500 leads for further investigation, 600 preliminary law enforcement cases under review and resulted in 400 direct interviews with providers who would not have otherwise been contacted.

    Predictive modeling won’t reach its full potential in overnight, but it’s already making an incredible difference and will do even more in the weeks, months and years ahead.

  • We Can’t Wait: Obama Administration Calls for A Consumer Privacy Bill of Rights for the Digital Age

    Today at the White House, the Obama Administration unveiled a blueprint for a Consumer Privacy Bill of Rights to protect consumers online. As the President wrote in his cover letter to the report: 

    “Never has privacy been more important than today, in the age of the Internet, the World Wide Web and smart phones.  In just the last decade, the Internet has enabled a renewal of direct political engagement by citizens around the globe and an explosion of commerce and innovation creating jobs of the future. Much of this innovation is enabled by novel uses of personal information. So, it is incumbent on us to do what we have done throughout history: apply our timeless privacy values to the new technologies and circumstances of our times.”

    In a related announcement, leading Internet companies and online advertising networks in the Digital Advertising Alliance came to the White House to commit to using Do Not Track technology now available in most major web browsers to make it easier for users to control online tracking.   

    The White House has proposed a Consumer Privacy Bill of Rights as part of a strategy to improve consumers’ privacy protections and to ensure that the Internet remains an engine for innovation and economic growth.  These rights give consumers clear guidance on what they should expect from those who handle their personal information, and set expectations for companies that use personal data. With the Internet as a leading engine for economic growth, the Administration is committed to building consumer trust in a rapidly changing digital environment.    

  • President Obama Signs the Payroll Tax Cut

    Just now, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012 -- extending the payroll tax cut and emergency jobless benefits through the end of the year.

    Last week, the President called on Americans from across the country to add their voices to the debate and let us know what they would do without an extra $40 in their paychecks. Thousands of individuals did exactly that, and it made all the difference.

    At the time, President Obama said, "Until you see me sign this thing, you've got to keep on speaking up...If it's not on the White House website, it hasn't happened."

    It happened. Here's that picture the President promised:

    President Obama signs the payroll tax cut (February 22, 2012)

    President Barack Obama signs H.R. 3630 - Middle Class Tax Relief and Job Creation Act of 2012 in the Oval Office, Feb. 22, 2012. (Official White House Photo by Pete Souza)

     

  • Report from the Road: An Ambitious Plan to Train Ohio Workers for New Jobs

    Secretary of Labor Hilda L. Solis and Dr. Jill Biden visit DG Medical

    Secretary of Labor Hilda L. Solis and Dr. Jill Biden visit DG Medical on the Community College to Career Tour (CC2C). They will be stopping at locations in Ohio, Kentucky, Tennessee, Virginia, and North Carolina to highlight the importance of community colleges in fostering careers.22 February 2012

    Dr. Jill Biden and Labor Secretary Hilda Solis today kicked off a three-day “Community College to Career” bus tour to highlight the unique role community colleges play in developing a flexible, highly-skilled 21st-century workforce to meet emerging regional business needs.  Secretary Solis is writing updates on the trip from the road.

    Dr. Biden and I just visited DG Medical in Centerville, Ohio, to hear about the incredible BioOhio Workforce development partnership that is helping community colleges like Sinclair Community College prepare Ohioans for jobs in the growing biomedical manufacturing industry.

    Sinclair is working with former GM/Delphi employees and other dislocated workers to get retraining to perform jobs making medical devices and life-saving drugs. They are part of a BioOhio partnership that has brought together industry leaders and six Ohio community colleges to match workforce needs with course offerings.

    The ambitious goal is to graduate 700 Ohioans and place them in biosciences jobs as clean technicians, shipping clerks, packaging experts, manufacturing technicians and test engineers.  More than half of existing program graduates already have found good-paying jobs in this field. Also, incumbent workers are being trained to move up the career ladder to become team leaders and front-line supervisors.

    Watching this unique partnership at work illustrates why health care industry job growth continues to help drive our recovery forward.

    Want to join the conversation by sharing how community colleges and industry partners are working together in your community?  Share your story at http://www.whitehouse.gov/communitycollege/tour and follow and engage with the tour on Twitter with the hashtag #CCtour.

    You can see more of Secretary Solis' posts at Work in Progress, the Department of Labor's official blog.

    • Vice President Joe Biden,Dr. Jill Biden and Secretary of Labor Hilda Solis on the Community College Tour

      Vice President Biden greets Dr. Jill Biden and Secretary of Labor Hilda Solis for the final stop of their Community College Tour

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    • Vice President Joe Biden, Dr. Jill Biden, and Secretary of Labor Hilda Solis at Davidson County Community College

      Vice President Biden, Dr. Biden, and Secretary of Labor Solis tour a manufacturing training facility at Davidson County Community College

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    • CC2C Tour Stops in Kentucky

      Dr. Jill Biden signs a poster for employees at the UPS Hub in Lexington, KY.

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    • All Smiles: Dr. Biden and Secretary Solis Attend a Bluegrass Community & Technical College Forum

      Dr. Biden and Secretary Solis enjoy a lighthearted moment during their CC2C Tour stop in Kentucky.

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    • Talking Workforce Development with Bluegrass Community & Technical College

      During the CC2C Tour, a participant of the "Kentucky Workforce Development Roundtable" shakes hands with Dr. Biden.

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    • CC2C at Cincinnati State Technical and Community College
    • Making their Rounds: Dr. Biden and Secretary Solis at the "Kentucky Workforce Development Roundtable"

      Dr. Biden and Secretary Solis meet more participants from the "Kentucky Workforce Development Roundtable."

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    • DG Medical Staff Welcome Dr. Biden and Secretary Solis

      Women from the DG Medical staff greet Dr. Biden and Secretary Solis.

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    • Dr. Biden and Secretary Solis Meet with Mike Sieron at DG Medical

      Dr. Biden and Secretary Solis meet with Mike Sieron, President and CEO of DimcoGray and DG Medical.

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    • Dr. Jill Biden and Secretary of Labor Hilda L. Solis Kick Off the Community College to Career (CC2C) Tour

      Dr. Jill Biden and Secretary of Labor Hilda L. Solis start their Community College to Career (CC2C) Tour in Ohio.

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  • President Obama: "This Got Done Because of You"

    President Barack Obama discusses the importance of the payroll tax cut (February 21, 2012)

    President Barack Obama, with Vice President Joe Biden, discusses the importance of the agreement passed by Congress to extend the payroll tax cut and unemployment insurance while speaking in the South Court Auditorium in the Eisenhower Executive Office Building, Feb. 21, 2012. The President urged Congress to build on the success of the agreement by taking additional steps to create jobs, grow the economy and help the middle class. The President and Vice President were joined by Americans who have shared their stories on WhiteHouse.gov and Twitter about what $40 a paycheck means to them. (Official White House Photo by Lawrence Jackson)

    This morning, President Obama hosted an event at the White House to talk about the payroll tax cut -- which Congress voted to extend last week.

    Flanked by a group of Americans who shared stories about what they would be forced to give up without the tax cut, he gave credit to all of those who added their voices to the debate:

    This got done because of you; because you called, you emailed, you tweeted your representatives and you demanded action. You made it clear that you wanted to see some common sense in Washington. And because you did, no working American is going to see their taxes go up this year. That's good news. Because of what you did, millions of Americans who are out there still looking for work are going to continue to get help with unemployment insurance. That’s because of you.

  • Kicking Off the Community College to Career Bus Tour

    Tomorrow, Dr. Jill Biden and Secretary of Labor Hilda Solis will embark on a three-day “Community College to Career” bus tour to highlight innovative industry initiativesthat are helping train students with the skills they need to meet area workforce needs. 

    President Obama recently announced an $8 billion Community College to Career Fund, co-administered by the Department of Labor and Department of Education,which will help forge new partnerships between community colleges and businesses to train two million workers with skills that will lead directly to jobs.

    During the tour, Dr. Biden and Secretary Solis will visit several community colleges to learn about model industry partnerships, but we know there are many more success stories around the country (check out the full schedule below). We want to hear from community college faculty, students, business and community leaders about how these partnerships have benefited you and your community.

    Check out this video from Secretary Solis asking for community college faculty, students and industry partners to share their stories.  Got a story to share? Head over to WhiteHouse.gov/CommunityCollege/Tour to tell us about it or share your story on Twitter using the hashtag #CCtour.

    Here’s the full schedule for the bus tour.

  • David Plouffe: "You helped to extend the payroll tax cut"

    This afternoon, David Plouffe, Senior Advisor to President Obama, sent the message below to the White House email list, announcing that Congress has passed an extension of the payroll tax cut. If you didn't get the email, be sure to sign up.

    Good afternoon --

    This week, thousands of folks have shared how $40 less in every paycheck would affect them if Congress didn't extend the payroll tax cut for 160 million Americans.

    And it worked.

    This afternoon, lawmakers got this done. The President will sign that bill into law next week, and we've already invited some of the folks who shared their stories to come to the White House when he does. The past few days have been a constant reminder of how incredible it can be when people from all walks of life join together to speak out. On Tuesday, we sat down with another group of Americans who added their voices to the debate, and they recorded a message just for you. It's a powerful thing to watch.

     

    There will be other fights in the weeks and the months ahead when the kind of engagement they're talking about could make all the difference. So check it out, then pass it along to anyone who is skeptical that real people can't have an impact:

    http://www.whitehouse.gov/40dollars/stories

    Thanks,
    David Plouffe
    Senior Advisor to the President

  • Last Year, 54 Million Americans Received Free Preventive Services Thanks to Health Care Reform

    Each day, more and more Americans are taking advantage of the new free preventive services provided through the health care law. People of all ages can now get the preventive services they need, like mammograms and the new Annual Wellness Visit, free of charge. With more people taking advantage of these benefits, more lives can be saved, and costly, and often burdensome, chronic diseases can be prevented or caught earlier.

    A new report shows that approximately 54 million Americans were provided with at least one new free preventive service in 2011 through their private health insurance plans, thanks to the Affordable Care Act. And an estimated 32.5 million people with Medicare received at least one free preventive benefit in 2011, including the new Annual Wellness Visit, since the health reform law was enacted in 2010.

    Together, this means an estimated 86 million Americans have already been helped by the health care law’s prevention coverage improvements.

    What’s more, many minority populations are also receiving expanded preventive benefits as a result of the law, including an estimated 6.1 million Latinos, 5.5 million Blacks, 2.7 million Asian Americans and 300,000 Native Americans with private insurance. These benefits are particularly important for these Americans who often see higher rates of disease and reduced access to care. Better access to preventive services can help reduce these health disparities.

  • How the Payroll Tax Cut Helps to Fuel the Economic Recovery

    In December, Brian Deese, the Deputy Director of the National Economic Council, created a White Board to explain how President Obama's payroll tax cut helps families, businesses, and the economy.

    This week, he sat down to show why it's still a key component to help fuel our recovery -- and why Congress needs to continue moving forward to extend the tax cut.

  • $40 Means an Inhaler for My Little Girl

    President Obama yesterday asked Americans to share their stories, and tell him what losing $40 per paycheck would mean to their family. Of the thousands that responded, many were single moms, who sent us photos, tweets, and emails that illustrate just how important decisions made in Washington are to regular people across the country.

    At the end of this month, a two-month extension of the payroll tax cut will expire. If Congress doesn't act, taxes will go up on 160 million hardworking Americans. For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck.  It may not seem like a lot of money to some people, but for single moms who wrote to us today, that money can make a big difference. Here are some of their stories:

    I'm a single mom and $40.00 means an inhaler for my little girl! She suffers from asthma and her insurance only covers (with co-payment) one inhaler a month and sometimes I have to purchase 2 - 3 a month. So, $40 may not be much for some but it means I can provide for my kid's well being. -- Kathy from Florida

     

     

    $40 a month helps me pay for the things my daughter needs to play for her high school softball team. Her sports drinks, her cleats, or gloves or whatever it may be that she needs. I am a single mom trying to give my daughter things my parents couldn't afford. Please don't take those $40 a pay away -- Annette from New Jersey

     

     

     

    I am a single mom and I have one son still at home.  He is 14 and injured his knee in October, and $40 a month means I can afford the $30 co-pay for the orthopedic surgeon visits or the out-of-pocket deductible for his physical therapy. But more than that, if he hadn't had this injury, that $40 a paycheck would still mean a lot to both of us. It might mean he and I could go to the movies and get burgers afterwards, or I could buy him a pair of jeans, or a tank of gas for our car. It would mean we could have a little bit more and that has been nice. I have so very much appreciated the tax relief and the extra money this bill has provided and I know millions of others Americans like me feel the same -- Deborah from Ohio

     

    $40 dollars puts one tank of gas in my economy car.  It gives me the gas money I need to drive my son to school. When you are a single mother trying to send a child through college every penny counts   -- Marie from New Mexico

     

     

     

    More voices:

  • Why Your Voice Matters

    Yesterday, we had the good fortune to host a group of individuals who answered the President's call and spoke up to share their stories about what an extra $40 in each paycheck means to them.

    When they sat down to talk with us, one after another, they said that they want other Americans to find opportunities to speak out.

    Check it out:


    More voices

     

  • Americans Tell President Obama What $40 Means

    President Obama today asked Americans to share their stories, and tell him what losing $40 per paycheck would mean to their family. Thousands responded, sending us photos, tweets, and emails that illustrate just how important decisions made in Washington are to regular people across the country.

    At the end of this month, a two-month extension of the payroll tax cut will expire. If Congress doesn't act, taxes will go up on 160 million hardworking Americans. For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck.  It may not seem like a lot of money to some people, but for the people who wrote to us today, that money can make a big difference. Here are some of their stories:

    Please, consider that many people like my family live by paycheck only, we cannot even have extra money for emergencies, because living life in this country is so expensive that our paycheck goes to pay rent, bills, and food, and sometimes we don't even have for food. So, please DO NOT take that extra $40.00 taxes cut from our paycheck. -- Brenda from California

     

     

     

    To me and my family, $40 is the difference between opportunity and misfortune. When you include registration fees, uniforms, and expenses for equipment, travel and food, extracurricular activities alone can exceed $40 a paycheck (particularly if that money is divided over more than one child). Activities like baseball, martial arts, or community theater are far too important to children's health, development, and well-being to not be apart of their lives. But when it comes down to paying bills and for essentials or extracurricular activities, all one can say is "sorry kids, no baseball this year"! -- Eric from South Carolina

     

     

    With my paycheck being the sole source of income for our family, $40 means EVERYTHING to us.  Having $40 means we can afford groceries in those last few days before my next paycheck so we won't go hungry.  It means I can put a FEW gallons of gas in my car to make it to work for the next few days. It means I can afford a copay should my son need to see a doctor.  It means we MAY be able to afford a prescription should we be prescribed one.  We have done a short sale on our home, cut our budgets back to bare minimum, have relinquished all luxuries in our life but, yet still get up each day with the hope of something better. So, what does $40 mean to me?  It means the difference between a healthy happy family that can sleep at night with a full stomach or having to tell my son that we may all have to go to bed hungry. -- Amanda from Virginia

     

    $40.00 means the world to my family and I. When the paycheck ends before the second week has begun, $40 is the difference between paying the mortgage or the light bill.  We don't live beyond our means, our cars are paid for. We remodel our home, and maintain the cars ourselves and we work hard for what we have.  For Thanksgiving we hosted over 40 friends and relatives.  Not because we had that luxury, but because we invited everyone to bring a dish because we knew they couldn't afford the entire meal.  We never thought we would get so many.  Too many of our friends and family members have been devastated by the current economic downfall of this country.  Many own/owned their own business and all are hard working decent Americans.  Many, like myself, worked or were/are affiliated with both state and federal government agencies.  We know all too well about politics and government spending.  Some of our friends and associates  are very wealthy and continue to be compensated far too well.  $40 for us, that's $960 for the year or groceries for three months, five months of electric bills.  When you're financially capable, $40 dollars is a night out at the movies, but for us and too many Americans, it is groceries for three months.  

    Now with 10 grandchildren, our 6 kids still respectfully rely on our support from time to time.  We remember when we could hand them $40 each to go to the movies with high school friends on a Saturday.  Now, $40 assists them with groceries for the week. We continue to motivate them, and we try to keep everyone's spirits high with "it will get better if we just stick together until it gets better".   -- Michael from Maryland

    Read more stories:

     

  • President Obama Pushes Congress to Extend the Payroll Tax Cut Through 2012

    President Barack Obama delivers remarks pushing Congress to extend the payroll tax cut (February 14, 2012)

    President Barack Obama delivers remarks during an event pushing Congress to extend the payroll tax cut and unemployment insurance through the end of the year, in the Eisenhower Executive Office Building South Court Auditorium, Feb. 14, 2012. The President was joined by Americans who have shared what $40 a paycheck means to them, and who would be affected if Congress doesn't act. (Official White House Photo by Pete Souza)

    President Obama this morning called on Congress to extend the payroll tax cut and unemployment insurance upon which millions of American rely -- renewing a public campaign that began in December when tens of thousands of Americans took to email, Twitter, and Facebook to say what they would have to give up without the extra money from the tax cuts.

    Currently, 160 million Americans benefit for the tax relief that's set to expire at the end of the month. The typical family saves about $40 with every paycheck.

    Surrounded by individuals who had written to the White House to say what they would give up without $40, the President said:

    Last December, when we had this same fight, your voices made all the difference. We asked folks to tell what it was like -- what it would be like if they lost $40 out of every one of their paychecks -- because we wanted to make sure that people understood this is not just an abstract argument, this is concrete. This makes a difference in the lives of folks all across the country in very important ways.

    The President told the story of an entrepreneur named Thierry -- who was in the audience. Thierry wrote the White House to say that if he had to give up $40 with each paycheck, he'd be forced to make the choice between gas money that helps him get to his day job and paying for the Internet service that he needs for his small business. "Forty dollars," Thierry said, "means a heck of a lot."

    There were hopeful signs yesterday that the message from people like Thierry might be resonating with lawmakers. But the President pledged to take nothing for granted -- to continue the fight until a bill was on his desk:

    [We've] got to keep on making sure that the American people's voices keep breaking through until this is absolutely, finally, completely done. Until you see me sign this thing, you've got to keep on speaking up. Until you see that photograph of me signing it at my desk, make sure it's verified, certified. If it's not on the White House website, it hasn't happened. And I'm going to need to make sure that your voices are heard.

    Rest assured that when the President signs the legislation to extend the payroll tax cut, we will indeed write up the details and post a picture on WhiteHouse.gov.

    Until then, keep on speaking out: http://www.whitehouse.gov/40dollars


    Read more stories:

  • David Plouffe: "Here we go again"

    This morning, David Plouffe, Senior Advisor to President Obama, sent the message below to the White House email list, asking people to tell us what it would mean to lose $40 with every paycheck if the payroll tax cut expires at the end of the month. If you didn't get the email, be sure to sign up.

    Good morning,

    Do you remember the "40 dollars" stories back in December? Congress was about to let a tax cut for millions of middle class families expire.

    Then you shared your stories. You talked about how a little extra money goes to help pay for medicine for a sick spouse, gas money to get to work, or school books for a child. Thousands of Americans from different circumstances all spoke out with the same voice, and it was undeniably powerful. Congress extended the tax cut, along with unemployment insurance, but only for two months.

    So here we are in mid-February, the deadline only a few days away. And once again, if Congress doesn't act, working families will receive about $40 less with each paycheck.

    So help us to highlight again how Congress's inaction would affect everyday families outside of Washington.

    Watch this message from the President. Then share your story.

    What 40 Dollars Means To You

    And this time, we want to put a face to your voice. So take a minute to snap a photo. And if you can, show us what you'll have to give up without that extra money in your paycheck. We'll use images from Americans around the country on WhiteHouse.gov to show how the payroll tax cut helps real people.

    Share your picture and story today:

    http://www.whitehouse.gov/40dollars

    Thanks,
    David Plouffe
    Senior Advisor to the President

     


    Learn more

  • Why Congress Must Extend the Payroll Tax Cut Through 2012

    Today, President Obama has invited a group of Americans who made their voices heard the last time Congress threatened to raise their taxes to the White House.

    At the end of this month, if Congress doesn’t act, taxes are set to go up on 160 million hardworking Americans, and the President believes that lawmakers must prevent this middle class tax hike without drama or delay. 

    For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck. In December, we asked America to tell us what losing $40 per paycheck would mean for their family, and the answers came from across the country — from students trying to stretch the budget a little bit further. From moms who need to buy their children lunch every day in the school cafeteria. And from commuters who are filling up the tank and looking at rising gas prices. Using twitter, email and Facebook, they told us clearly that $40 can make all the difference in the world.  

    Ultimately, thanks to these stories, Congress did the right thing and passed a two-month extension of the tax cut and unemployment insurance – but only after a drawn-out debate that put the strength of our economy and the security of middle class families at risk. Now that extension is about to expire.

    The President is also inviting all Americans who oppose raising their taxes to share their own stories with the White House – you can submit them on WhiteHouse.gov, using the Twitter hashtag #40dollars or post them on our Google+ page or Facebook wall. You can watch the President’s remarks with these hardworking American families at 10:40 am ET on WhiteHouse.gov/live.

  • Weekly Address: Extending the Payroll Tax Cut for the Middle Class

    President Obama urges Congress to extend the payroll tax cut to prevent a tax hike on 160 million hardworking Americans.


     
     Transcript | Download mp4 | Download mp3

    Tell us what $40 means to you and your family. What would you have to go without or give up if Congress doesn’t act?

  • President Obama Hails the Housing Agreement

    President Barack Obama delivers remark on a landmark housing agreement (February 9, 2012)

    President Barack Obama delivers remarks announcing the finalization of a $26 billion settlement between mortgage providers, state attorneys general and the Justice Department, in the Eisenhower Executive Office Building of the White House, Feb. 9, 2012. (Official White House Photo by Lawrence Jackson)

    This morning, the federal government and the attorneys general of 49 states announced an agreement with the nation’s five largest mortgage providers -- Ally Financial, Bank of America, Citigroup, JP Morgan, and Wells Fargo.

    Because of that agreement, the financial institutions will provide at least $25 billion to address mortgage loan servicing and foreclosure abuses. It will not only help thousands of working families now, it will establish new protections for homeowners going forward.

    Earlier, President Obama spoke about what he called a "landmark settlement." He discussed the irresponsible practices from lenders that created the housing crisis and said:

    Under the terms of this settlement, America’s biggest banks -- banks that were rescued by taxpayer dollars -- will be required to right these wrongs.  That means more than just paying a fee.  These banks will put billions of dollars towards relief for families across the nation.  They’ll provide refinancing for borrowers that are stuck in high interest rate mortgages.  They’ll reduce loans for families who owe more on their homes than they’re worth.  And they will deliver some measure of justice for families that have already been victims of abusive practices.

    All told, this isn’t just good for those families -- it’s good for their neighborhoods, it's good for their communities, and it's good for our economy.

  • Protecting Taxpayer Dollars by Strengthening SNAP

    Ed note: This was originally posted on the USDA blog.

    While fraud in the Supplemental Nutrition Assistance Program (SNAP) is a relatively limited problem, any amount of waste or abuse is too much. As I wrote back in December, we are taking more aggressive steps to root out fraud and abuse as part of this administration’s Campaign to Cut Waste and to continue improving our stewardship of taxpayer dollars.

    This week we were pleased to announce that fiscal year 2012 first quarter results for USDA’s efforts to identify and eliminate fraudulent retailers from SNAP are available.  From October 1 through December 31, 2011, USDA took final actions to sanction through fines or temporary disqualifications—more than 225 stores found violating program rules. We also permanently disqualified over 350 stores for trafficking (exchanging benefits for cash) SNAP benefits.

    Again, cases of abuse in SNAP are pretty rare and the vast majority of SNAP participants and authorized retailers play by the rules using the program as intended. However, it’s important that we stay vigilant and raise awareness of these issues so people know how and where to report any incidences of abuse.