Well Obama about to throw liberal who hate Bush under the bus like he had a choice,Obama will call for extension of Bush tax cuts for almost everyone
resident Barack Obama is expected to call on Congress to pass a one-year extension on the Bush-era tax cuts for people earning less than $250,000 a year.
A White House official said Obama will make the announcement Monday at the Rose Garden, surrounded by working people.
In addition, a campaign official said the campaign will "amplify the president's message on middle-class tax cuts" by hosting a series of events in battleground states all week across the country.
In Las Vegas, for example, local elected officials will discuss Obama's efforts to fight for the middle class, the campaign official said. In Colorado, Aspen Mayor Mick Ireland, Colorado Democratic Party Chair Rick Palacio and state Sen. Gail Schwartz will hold a press conference to discuss the contrasting economic visions of Obama and presumptive GOP presidential nominee Mitt Romney.
On Sunday, a top adviser for Obama's re-election campaign said the president was entirely dedicated to ending the so-called Bush tax cuts for the wealthy at the end of this year.
Obama signed a bill in 2010 to extend the Bush-era tax cuts, citing the need for economic stimulus at the time, but has since vowed he would not permit another extension.
The tax breaks are set to expire in what's known as the "fiscal cliff," a package of spending cuts and removal of tax breaks that will take place on January 1 if Congress fails to act. In total, they could add up to $7 trillion.
Tax breaks that would end include the Bush tax cuts, middle class protection from the Alternative Minimum Tax and more than 50 "temporary" tax breaks for individuals and businesses that have been on the books for years.
This is how it's going to be so we better get used to it. Obama, surrounding himself with salt of the earth working class folk railing against the "rich" who don't pay their "fair share." Of course, those same working class people are going to be slammed in 2014 when Obama will refuse to renew the Bush tax cuts if he gets another term. But for the moment, Obama is a real working class hero and will stoke the fires of class warfare for all that it's worth.
Read more: http://www.americanthinker.com/blog/2012/07/obama_will_call_f...
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