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DID YOU KNOW THAT; 'Obama draws battle lines over middle-class tax cuts?'

BIG BAD JOHN R. 2012/07/09 12:46:51
Yes, the President is right the middle class needs help and the tax cuts.
No, the President is wrong and Romney is right  give the rich a tax break.
Undecided
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Tax cuts are the name of the game this Monday,Obama will ask Congress to extend the Bush tax cut for Middle class family for 1 more year. The Republicans see it differently they want everyone, including the rich, to get tax cuts.

CBS News has confirmed that President Obama will call on Congress Monday to pass a temporary, one-year extension of the Bush-era tax cuts for people who make less than $250,000 a year.

The tax cuts are set to expire on January 1. With Monday's announcement, the president is hoping to show voters a very clear difference between himself and Mitt Romney.

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The White House started to lay the framework for its tax cut argument on Sunday by arguing that President Obama wants to help the middle class, while Romney and the Republican Party are interested primarily in helping the rich.

Senior Obama campaign adviser Robert Gibbs told CNN's "State of the Union" on Sunday that Romney and his GOP allies would, "take the Bush tax cuts - which disproportionately impact millionaires and billionaires - and add to them. Their primary aim is give tax breaks to the very wealthy."

But Republican leaders are trying to paint a very different picture. They support extending all of the tax cuts for middle and upper class families.

In 2001, Congress narrowly passed the Bush tax cuts - effective for only 10 years. When the time came, President Obama and Congress cut a deal to extend the cuts for two more years. That deal runs out at the start of next year. A congressional report says if the tax cuts and a series of automatic budget cuts all take place at once when the calendar flips to 2013, it could send the economy into another recession.

"We have got the fiscal cliff coming at the end of the year," Sen. Mitch McConnell (R.-Ky.) told CNN's "State of the Union" on Sunday. "What we ought to be doing is extend the current tax rates for another year."

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  • beach bum 2012/07/12 08:42:53
    Undecided
    beach bum
    did not know
  • sjalan 2012/07/09 17:22:14
    Yes, the President is right the middle class needs help and the tax cuts.
    sjalan
    The middle class and the working poor are nearly the same thing now. Any support they can get will improve our economy as they are the backbone of our consumer economy.
  • Bill G53 ~PWCM~JLA 2012/07/09 14:07:21
    Undecided
    Bill G53  ~PWCM~JLA
    What bothers me most is that Obama is trying to extend the cut only long enough to get re-elected. I totally suspect he will cancel the extension by some misuse of executive power after that.

    Don't trust this snake.
  • John Hall 2012/07/09 13:04:50
    Undecided
    John Hall
    i get tired of hearing the same ole argument give the middle class tax breaks its time to overhaul our tax codes and go to a fair or flat tax.
  • JoeBtfsplk 2012/07/09 12:54:32
    No, the President is wrong and Romney is right give the rich a tax break.
    JoeBtfsplk
    Obama is playing the 'Evil Rich' card - AGAIN!

    F*ck Obama!

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2013/06/18 05:26:02

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