Obama challenges Republicans to keep tax cuts for middle class (Reuters)
Well said Obama. ~pinto
Obama challenges Republicans to keep tax cuts for middle class
President Barack Obama called on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, seeking to steer the election-year debate away from high unemployment and portray himself as a champion of ordinary Americans.
The tax proposal is unlikely to sway Obama's Republican opponents in Congress, who argue that the cuts should be maintained for everyone, including higher earners.
Obama said both sides agree on the need to keep tax rates down for middle income groups at least.
"Let's not hold the vast majority of Americans and our entire economy hostage while we debate the merits of another tax cut for the wealthy," Obama said at the White House, standing in front of a riser filled with people who he said would be hurt if their tax cuts were not extended.
"We can have that debate, but let's not hold up working on the thing that we already agree on."
http://www.reuters.com/article/2012/07/10/us-usa-obama-taxes-idUSBRE86805220120710?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29&utm_content=My+Yahoo