
This morning, President Obama and Republicans are squaring off over how to reduce the national deficit after President Obama unveiled his plan in a speech at the Rose Garden yesterday.
At the heart of Obama's proposal is $1.5 trillion dollars in new revenue generated largely by higher taxes on the wealthiest Americans, a proposal strongly opposed by GOP leaders who insist that any tax increase will undermine an already shaky economy.
Representative Jeff Flake is one of the Republicans in the House that opposes Obama's plan. Flake speaks with Carol Costello on American Morning today to discuss reducing the national deficit and to weigh in on how to create jobs in America.
"We're not out of the woods yet and if we want the economy to grow, we have to have competitive tax rates plus some kind of moratorium on regulation," Flake says. "If we want to create jobs, the last thing you want to do is slap another tax or a higher tax on capital gains or dividends."
This week, leaders of nations from around the globe will convene in New York for the United Nations General Assembly meeting where Brazil's President Dilma Rousseff will be the first woman to deliver the opening address.
Rousseff's historic role in opening the gathering reflects the changing role of women in the world, a topic highlighted by Newsweek's cover story this week.
Within the report, Newsweek ranks 165 countries, looking at five areas that affect women's lives: treatment under the law, workforce participation, political power, and access to education and health care.
Today on American Morning, Jesse Ellison, senior writer at Newsweek, talks with Alina Cho about what countries are the best and worst places to be a woman and explains what's holding the U.S. back from ranking in the top five.
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From CNN's Carol Costello:
President Obama released his long-awaited debt reduction plan Monday, outlining a roughly $3 trillion saving blueprint that includes $1.5 trillion in new revenue generated largely by higher taxes on the wealthiest Americans.
Top congressional Republicans immediately criticized the proposal as class warfare, arguing that Obama was wielding his "bully pulpit" to pit the rich against the poor.
In a speech to the nation, the president dismissed these accusations, arguing that taxing millionaires more is not class warfare - it's math.
"I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare," Obama said. "It's just the right thing to do."
Talk Back: Is a higher tax on millionaires class warfare?
Let us know what you think. Your answer may be read on this morning's broadcast.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2011/images/09/20/jindal_karrah_cropped.jpg caption="A guest producer's view of the post-debate response. Here, Louisiana Gov. Bobby Jindal is talking with reporters."]
Beyond the typical political theater that we’ve all come to expect from presidential debates, last week's CNN/Tea Party Express debate in Florida struck a different chord with me.
I’ve attended and helped cover presidential debates in the past. But what really stands out about this one was the symbolism of a news organization – CNN – partnering with a grass roots organization – the Tea Party Express – to host the 2012 Republican presidential candidates.
This might sound like a cliché, but to me it underscored what is truly great about this country and it is representative of why I am thankful that I am a journalist during times like this. Say what you want about their politics, the Tea Party sprang from a few people with the desire to amplify the voice of a few so the nation would listen. To think that this grew into a movement where "real" people who had never been active participants in the political process before, now had an opportunity to challenge presidential candidates in front of a national audience on CNN. How cool is that? It’s democracy at its best.
I always enjoy covering these events because I have the opportunity to have informal conversations with several of the candidates. I am not a reporter so I find that the candidates and their press teams are able to relax more around me.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2011/images/09/20/huntsman_ali_cropped.jpg caption="Our anchor Ali Velshi mid-interview with GOP presidential candidate Jon Huntsman." width=292 height=320]
I met Herman Cain, who was a guest on American Morning during on the morning of the debate. He is quite a cool guy and commands presence as he walks a room like a movie star. Another guest on American Morning that day was Gov. Jon Huntsman. He seems like a proud father to me. In fact, I actually booked the interview with his 20-something-year-old daughter Abby. After taking a picture of Huntsman with my anchor Ali Velshi, he informed me that my iPhone cover case is the same as his 12-year old daughter’s. "It's a Kate Spade," he said like any proud father of a pre-teen would say.
Gov. Mitt Romney’s campaign staff is highly organized and they operate their campaign like a business. During the debate the Romney campaign instantaneously blasted out prepared responses to claims and criticisms aimed at their candidate.
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Rep. Michele Bachmann reminds me of President George W. Bush: very one-on-one, very engaged with people individually. Her team is always prepared in every way imaginable, arriving long before she does to scope out the interview site. Her entourage has grown since our New Hampshire debate and she is more closely protected.
Most important to me is the people I worked with behind the scenes that I want to highlight. CNN chief business correspondent Ali Velshi is not only fun to hang out with as a person, but it was beyond impressive to see how much information he could remember in so much detail and then organize those thoughts into provocative questions (and with no sleep) for a live interview. Senior Producer Chandra Whitt makes producing look like a walk in the park. It takes talent to make producing a live shot for an anchor during a live show in 90-degree weather look easy! And CNN’s political team doesn't stop doing what they do.
I’d like our viewers to know that when they watch, their passion for what they do is contagious. And I think I caught it.
Within his new book "Who's Afraid of Post-Blackness?," author Touré explores the concept of post-Blackness and what it means to be an African American in today's world.
Touré has said that his motivation for writing the book was to kill the ongoing discussion that some people are "legitimately" Black, while others are not.
Today on American Morning, Touré discusses his book and explains if he thinks that President Obama should be doing more to help Black Americans.
This afternoon, President Obama will propose a "Buffett Tax" on people making more than $1 million a year as a part of his deficit recommendations to Congress, intended to generate $1.5 trillion dollars in new revenue, the majority of which will come from high-income households.
Obama's plan details that $800 billion will come from letting Bush-era tax cuts for the wealthy expire, and another $400 billion will come from capping the value of itemized deductions and other exemptions for high-income housholds. The final $300 billion will come from closing loopholes that benefit oil and gas companies, private jet owners, and investment fund managers.
Jay Powell, Treasury Under Secretary under President George H.W. Bush, discusses the effectiveness of Obama's proposal on American Morning today and weighs in on whether or not the "Buffet Tax" is likely to make a real difference in the national deficit.

