Obama visits engine plant due for $120M upgrade

Published on NewsOK Modified: December 10, 2012 at 4:23 pm •  Published: December 10, 2012
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The country faces the fiscal cliff because tax rate cuts put in place during the administration of former President George W. Bush expire at the end of the year. Obama campaigned during his successful run for a second term to keep the cuts in place for all but the top 2 percent of U.S. earners. Many Republicans want to find additional government income by cutting back on tax loopholes and deductions while leaving tax rates unchanged.

The pending across-the-board reductions in government spending, impacting everything from social programs to the military, were put in place last year as an incentive to both parties to find spending reductions. That legislation grew out of the two parties' inability in 2011 to agree to a tax and spending to significantly reduce the nation's budget deficit.

During the Detroit visit, Obama blasted right-to-work legislation that Republicans pushed through the state House and Senate last week. Obama mocked the "right to work" label supporters have used to describe the efforts to prohibit requiring non-union employees to financially support unions at the workplace. He said the law will give workers the right to work for less money.