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U.S. NEWS A5
Thursday 17 September
Obama calls on business leaders to apply budget pressure
KEVIN FREKING President Barack Obama speaks to business leaders at the quarterly meeting of the Business “If we close the tax loop-
Associated Press hole, we could double
WASHINGTON (AP) — Presi- Roundtable in Washington, Wednesday, Sept. 16, 2015, to renew his calls for increased spending the number of workers
dent Barack Obama urged in America’s job-training
Congress on Wednesday in infrastructure, education and scientific research. (AP Photo/Andrew Harnik) programs, we could help
to avoid another conten- another 4 million more
tious budget showdown Parenthood, a nonprofit potential revenue source some types of private in- students afford college,”
and warned that the U.S. organization that provides to pay for some of the in- vestment funds who pay Obama said.
economy would surely reproductive health and creased investments he a lower tax rate on their This approach “is an ex-
take a hit if the govern- other services for women, wants in infrastructure, ed- income than do many indi- ample of how we can
ment shuts down again. and take other steps, to ucation and scientific re- viduals. He noted, without maintain fiscal responsibil-
Obama blamed Repub- reach a deal. search — taxing so-called naming them, that some ity while at the same time
licans for the shutdown Obama used his speech “carried interest” as ordi- Republican presidential making the investments
two years ago and made to members of the Busi- nary income rather than candidates, primarily Don- that we need to grow,” he
clear he would so again if ness Roundtable to turn up as a capital gain, which is ald Trump and Jeb Bush, later added.
it comes to that. the pressure on lawmakers taxed at a lower rate. The have voiced support for Obama also tried to por-
“You’ll recall two years ago to reach a budget agree- proposed change is aimed increasing taxes on carried tray an improving econo-
Republicans shut down the ment. He also pointed to a primarily at managers of interest. my that has come a long
government because they way while he’s been in
didn’t like Obamacare. To- office. He said it’s doing
day, some are suggesting better than those coun-
the government should be tries who have embraced
shut down because they spending cuts to climb
don’t like Planned Par- their way out of tough eco-
enthood,” Obama said. nomic times and that “pe-
“That’s not good sense, rennial gloom and doom”
and it’s not good busi- descriptions are perpetu-
ness.” ated by the presidential
A partial shutdown will campaign that will deter-
occur Oct. 1 unless law- mine his successor.
makers provide money “America’s winning right
to keep the federal gov- now. America’s great right
ernment functioning. The now. We can do even bet-
Republican-led Congress ter,” Obama said.
must overcome opposition The Business Roundta-
from some conservatives ble is made up of chief
who want to block fed- executives from large
eral funding for Planned corporations.q
Obama, Netanyahu to meet
after months of cooling ties
NANCY BENAC to see Netanyahu in March
Associated Press Writer
WASHINGTON (AP) — Presi- when the Israeli leader ap-
dent Barack Obama and Is-
raeli Prime Minister Benjamin peared before a joint meet-
Netanyahu, after months of
chilly relations, will meet at ing of Congress and harshly
the White House on Nov. 9
to talk about the Iran nucle- criticized the U.S.-negotiat-
ar deal that Israel’s govern-
ment has harshly criticized ed nuclear deal with Iran,
and tried without success to
block. Israel’s enemy. U.S. lawmak-
White House press secretary
Josh Earnest said the lead- ers had arranged Netanya-
ers also would discuss efforts
to counter the Islamic State hu’s appearance without
group’s activities in the Mid-
east. He called the meet- White House input.
ing a demonstration “of the
deep and enduring bonds Congressional Republi-
between the United States
and Israel as well as our un- cans have failed to block
precedented cooperation
to further enhance Israel’s the deal from going for-
security.”
It will be the first formal ward. The international ac-
meeting between Obama
and Netanyahu in months. cord backed by the United
Obama pointedly refused
States, Iran and five world
powers would curb Iran’s
nuclear program in ex-
change for relief from sanc-
tions that have undercut
Tehran’s economy.
The United States has com-
mitted to provide more than
$7.18 billion in security aid
to Israel over the next year,
and officials have floated
the possibility of signing a
new 10-year agreement
about U.S.-Israeli security
cooperation.q
