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Obama and Romney: Where they stand on the issues

By Calvin Woodward

Associated Press

Published: Wednesday, Oct. 10 2012 1:18 p.m. MDT

FILE - In this Aug. 16, 2012 file photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney writes on a white board as he talks about Medicare during a news conference in Greer, S.C .

Evan Vucci, File, Associated Press

WASHINGTON — A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues, in brief:

ABORTION and BIRTH CONTROL:

Obama: Supports access to abortion. Health care law requires contraceptives to be available for free for women enrolled in workplace health plans.

Romney: Opposes access to abortion. Previously supported that. Says state law should guide abortion rights, and Roe v. Wade should be reversed by a future Supreme Court ruling. Said he would end federal aid to Planned Parenthood.

DEBT:

Obama: Promises to cut projected deficits by $4 trillion over 10 years, a goal that will require Congress to raise the capital gains tax, boost taxes on households earning over $250,000 a year, impose a minimum 30 percent tax on incomes above $1 million, and more. First-term pledge to cut deficit he inherited by half will fall well-short.

Romney: Promises to cut $500 billion per year from the federal budget by 2016 to bring spending below 20 percent of the U.S. economy and to balance it by 2020, but vital specifics are lacking. At same time would increase military spending, reverse $716 billion in Medicare cuts and cut taxes. Favors constitutional balanced budget amendment.

ECONOMY:

Obama: Term marked by high unemployment, a deep recession that began in previous administration and officially ended within six months and gradual recovery with persistently high jobless rates of over 8 percent, until the rate dropped to 7.8 in September, the same as it was in February 2009, Obama's first full month in office. Businesses have added jobs for more than two years straight while public sector jobs have lagged. Responded to recession with a roughly $800 billion stimulus plan, expanded auto industry bailout begun under George W. Bush, inherited and carried forward Wall Street bailout.

Romney: Lower taxes, less regulation, balanced budget, more trade deals to spur growth. Replace jobless benefits with unemployment savings accounts. Proposes replacing certain provisions of the law toughening financial-industry regulations after the meltdown in that sector. Proposes changing the law tightening accounting corporate regulations to ease requirements for mid-sized companies.

EDUCATION:

Obama: Has approved waivers freeing states from the most onerous requirements of the Bush-era No Child Left Behind law. "Race to the Top" competition has rewarded winning states with billions of dollars for pursuing education policies Obama supports. Won approval from Congress for a $10,000 college tax credit over four years and increases in Pell grants and other financial aid.

Romney: Supported the federal accountability standards of No Child Left Behind law. Has said the student testing, charter-school incentives and teacher evaluation standards of Obama's "Race to the Top" competition "make sense" although the federal government should have less control of education. Says increases in federal student aid encourage tuition to go up, too. Wants to see private lenders return to the federal student loan program.

ENERGY and ENVIRONMENT:

Obama: Ordered temporary moratorium on deep-water drilling after the massive BP oil spill in the Gulf of Mexico, but U.S. produced more oil in 2010 than it has since 2003 and all forms of energy production have increased under Obama. Achieved historic increases in fuel economy standards that will save money at the pump while raising the cost of new vehicles. Achieved first-ever regulations on heat-trapping gases blamed for global warming and on toxic mercury pollution from power plants. Spent heavily on green energy and has embraced nuclear power as a clean source. Failed to persuade a Democratic Congress to pass limits he promised on carbon emissions. Set goal of cutting oil imports by half by 2020.

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