Associated Press reports on today’s statement by President Barack Obama asking for Congress to extend the middle class portion of the Bush Tax Cuts for another year:
Obama said if Congress passes a one-year extension for those making less than $250,000, voters can use the November election to decide the fate of the cuts for higher income earners.
“My opponent will fight to keep them in place. I will fight to end them,” said Obama, flanked by a dozen people the White House said would benefit from the tax cut extension.
The president has long supported ending the Bush-era tax cuts for those making more than $250,000. The White House and the president’s re-election team are reviving his arguments now as a way to suggest that the push by Romney and congressional Republicans for an across-the-board extension of the tax cuts could put America’s middle class at risk.