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2012: It's All On The Line!


A Report by the Michigan Democratic Congressional Delegation
October 21, 2012

Strengthening and Preserving Medicare
• Democrats closed the donut hole to lower prescription drug costs for seniors, increased preventative health screenings for Medicare recipients and extended the life of the Medicare Trust Fund by 8 years - all without cutting 1 cent of Medicare benefits.
• The Ryan/Romney plan would end Medicare as we know it by turning it into a voucher program, limiting seniors’ ability to choose their doctors and putting private health care decisions back into the hands of insurance companies.

Fighting to Protect Working Families
• Democrats have fought back against the GOP's anti-worker agenda and they're strongly supporting ballot initiatives to strengthen Michigan's middle-class. Working to ensure equal pay for equal work, the first bill President Obama signed into law was the Lilly Ledbetter Fair Pay Act.
• Republicans in the House have repeatedly voted to limit collective bargaining rights, end Davis-Bacon prevailing wage requirements and defund the National Labor Relations Board.

Standing up for our Auto Industry
• President Obama stood with Michigan's auto workers by making sure our manufacturers got the loans they needed to survive and grow. Today, because of this critical support, over one million jobs have been saved, over 160,000 auto jobs have been created and with new advanced vehicles coming off the line, Michigan's auto industry has come roaring back.
• When it was all on the line for our auto industry, Mitt Romney turned his back on Michigan by arguing that we should “Let Detroit Go Bankrupt.”

Preserving Health Care Reform
• In just the two years since the Affordable Care Act became law, millions of families have begun to benefit from this landmark legislation. In Michigan, 94,000 young adults gained insurance coverage through their parents’ plans. Seniors in Michigan received an average savings of $757 per person to cover drug costs. Over 3 million people in Michigan gained preventive service coverage with no cost-sharing through both Medicare and private health insurance. And 113,995 Michigan residents with private insurance coverage benefitted from over $13 million in rebates from insurance companies.
• With nothing more than a mantra of "repeal Obamacare" and no plan to replace it, simply put, Republicans want to go back to the policies of the past of higher drug costs for seniors, less preventative health care screenings for children and more insurance company control over private health care decisions for millions of Michigan's families.

Putting Middle-Class Tax Cuts First
• Democrats support extending middle class tax cuts to 98% of Americans while asking those making more than $250,000 per year to return to the same rates they paid during the prosperous economic boom of the Clinton years. Additionally, Democrats support eliminating tax loopholes that billionaires abuse to avoid paying their fair share such as offshore Cayman Island tax shelters.
• The Ryan/Romney plan would double down on the failed Bush economic policies of the past by giving the wealthiest Americans even bigger tax cuts while raising them on the middle-class. The average millionaire would lock in an annual $331,000 tax cut under the Ryan plan, while the average person earning less than $200,000 would see their taxes rise by $4,500.

Making College More Accessible and Affordable
• President Obama has worked to make the American Dream of a college education more affordable and accessible for all of our children. Investing in our future is vital, that's why President Obama has raised the maximum Pell Grant to $5,500 a year and increased the number of Pell Grant recipients from 6 million students to 9 million students since 2008.
• The Ryan budget, endorsed by Mitt Romney, would cut all Pell Grants and outright eliminate them for 1 million students. Putting partisan politics ahead of 7.4 million college students, Republicans nearly allowed the student interest rate on subsidized federal Stafford loans to double earlier this summer.

Reforming Wall Street and Protecting Consumers
• When President Obama was sworn into office, America was facing the worst financial crisis since the Great Depression. Putting Main Street before Wall Street, Democrats got to work by passing the landmark Wall Street and Consumer Protection Act. This important financial accountability reform law has reigned in the worst Wall Street abuses that caused the recession, created the Consumer Financial Protection Bureau – a strong new watchdog to fight for consumers – and ended “too big to fail,” ensuring that middle class families will never again be left on the hook for another Wall Street bailout.
• Mitt Romney's plan is to repeal Wall Street reform and simply allow corporate executives to return to the days when irresponsible risks and unbridled greed ruled our financial sector.

Helping Small Businesses Grow and Create Jobs
• Because two out of every three new jobs are created by a small business, President Obama worked with Democrats to get the Small Business Jobs Act signed into law. In just the first year after this law was enacted, Michigan led the nation in job-creating SBA 7 (a) loans, and newly created innovative lending programs led to more than 3,300 new jobs in Michigan and increased private sector small business lending in our state by more than $190 million.
• Mitt Romney pays a lot of lip service to small business, but as an "outsourcing pioneer," Romney would protect tax breaks that ship more Michigan jobs overseas and make it harder for small businesses to compete and succeed.

Paid for by Michigan Democratic State Central Committee, 606 Townsend, Lansing, MI 48933 www.michigandems.com