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2012 Presidential Candidates

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Barack Obama (D) - Winner, 303 Electoral Votes  
     
Current Office: President, United States
Education:
JD, Harvard Law School, 1991
BA, Columbia University, 1983
Political Experience:
President, United States of America, 2009-present
Senator, United States Senate, 2005-2008
Keynote Speaker, Democratic National Convention, 2004
Senator, Illinois State Senate, 1996-2004
Professional Experience:
Community Organizer, Chicago, 1985
Author
Former Attorney, Sidley and Austin
Former Professor, Constitutional Law, University of Chicago
Campaign Contact:
PO Box 803638 | Chicago, IL 60680
312-698-3670
barackobama.com
   

 

Mitt Romney (R) - 206 Electoral Votes  
     
Current Office: N/A
Education:
JD, Harvard Law School, 1975
MBA, Harvard Business School, 1975
BA, Brigham Young University, 1971
Political Experience:
Candidate, United States President, 2008
Governor, Commonwealth of Massachusetts, 2002-2006
Candidate, United States Senate, 1994
Professional Experience:
President/Chief Executive Officer, Salt Lake Winter Olympics Organizing Committee, 1999-2002
Chief Executive Officer/Chairman, Bain and Company, Incorporated, 1991-1993
Vice President, Bain and Company, Incorporated, 1978-1984
Founder/Chief Executive Officer/Managing Partner, Bain Capital, Incorporated
Campaign Contact:
PO Box 149756 | Boston, MA 02114-9756
857-288-3500
mittromney.com
   

 

Where do the Candidates Stand on Key Retail Issues?*:

  Barack Obama (D) Mitt Romney (R)
Tax Reform
  • In the President’s Framework for Business Tax Reform, has called for eliminating tax loopholes and subsidies, broadening the base and cutting the corporate tax rate.  Supports lowering the corporate tax rate to 28 percent. 
  • Supports making tax cuts for the middle class permanent.
  • Supports the Buffet Rule, which would limit the loopholes and tax rates of which wealthier individuals can take advantage and seeks to ensure that taxpayers making more than $1 million/year “pay at least the same tax rate as middle-class” taxpayers.  
  • Supports cutting the corporate tax rate to 25%.
  • Wants to strengthen and make permanent the R&D tax credit.
  • Supports repeal of the corporate Alternative Minimum Tax (AMT).
  • Has proposed reducing the individual income-tax rates by 20 percent across the board, eliminating the estate and death taxes, and repealing the Alternative Minimum Tax (AMT).
  • Supports a territorial tax system.
Health Care
  • Passed the Affordable Care Act (ACA), which requires that all individuals must purchase health insurance.  Also requires employers with more than 50 full time employees to provide health care coverage or pay a fine.
  • The ACA bars insurers from denying coverage to people with a preexisting condition. 
  • Supports repeal of the Affordable Care Act.
  • Supports policies that give each state the power to craft a health care reform plan that is best for its own citizens.
  • Supports empowering individuals and small businesses to form purchasing pools.
  • Wants to prevent discrimination against individuals with pre-existing conditions who maintain continuous coverage.
  • Supports ending tax discrimination against the individual purchase of insurance.
  • Supports purchasing insurance across state lines.
Labor
  • White House threatened to veto a Resolution of Disapproval that would have stopped a National Labor Relations Board (NLRB) rule meant to speed up the timing of union elections. 
  • Supports amending the National Labor Relations Act (NLRA) to allow for secret ballots in every union election and to guarantee “all pre-election campaigns last at least one month.”
Swipe Fee Reform
  • Signed the Wall Street Reform and Consumer Protection Act (Dodd-Frank) into law, which included which included a provision for debit swipe fee reform.  
  • Supports repeal of the Wall Street Reform and Consumer Protection Act (Dodd-Frank).  The law as passed includes a provision for debit swipe fee reform.  Would seek to replace the law with a “streamlined, modern regulatory framework.” 
Trade
  • Supports negotiating a “a new, expanded Trans-Pacific Partnership that will open up new markets.” 
  • Sent Congress three trade agreements (Korea, Colombia, and Panama) and at the same time supported renewing the Trade Adjustment Assistance (TAA) that helps workers whose jobs are affected by global competition. 
  • Has filed seven trade complaints against China under his administration.
  • Has put pressure on China regarding appreciation of China’s currency which was viewed as “too slow.”
  • Has admitted that China is manipulating its currency, but had concerns with a bill in Congress meant to punish countries like China for manipulating currency.
  • Administration’s United States Trade Representative has included a yarn-forward rule of origin in the current Trans-Pacific Partnership proposal.
  • Has supported yarn-forward rules in other free trade agreements, like the U.S. – South Korea Free Trade Agreement and the U.S. – Columbia Free Trade Agreement.
  • Supports pursuing “new trade agreements with nations committed to free enterprise and open markets.”
  • Wants to complete negotiations for the Trans-Pacific Partnership (commerce negotiations with a number of allies around the Pacific Rim).
  • Supports designating China a currency manipulator, using punitive measures to deter unfair trade practices by China, and increasing resources of the United States Trade Representative to “support litigation against unfair trade practices” by China.
Sales Tax Fairness
  • No information available.
  • No information available.

Source: foxbusiness.com; barackobama.com; thomas.loc.gov; thehill.com; whitehouse.gov; mittromney.com;  bloomberg.com; blogs.wsj.com; ustr.gov

*Positions stated are pulled from the candidate’s official websites or statements and do not constitute an endorsement.







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