Sunday, December 2, 2012

Obama: "Some Republicans" Holding Middle Class Tax Cuts Hostage

In his weekly address, President Obama spoke at a Pennsylvania factory about negotiations to avoid the "fiscal cliff"–and the fact that some Republicans are holding middle class tax cuts hostage to tax cuts for the wealthy. Obama also spoke about ways to contact one's congressional representative on this issue. Once again, I'm glad that Obama prevailed over Romney, who stood for regressive taxation. Watch Obama make his case for middle class tax cuts for the third straight week:

OBAMA: Right now, Congress can pass a law that would prevent a tax hike on the first $250,000 of everybody’s income. Everybody. That means that 98% of Americans and 97% of small businesses wouldn’t see their income taxes go up at all. And even the wealthiest Americans would get a tax cut on the first $250,000 of their incomes... It’s unacceptable for some Republicans in Congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest Americans. And if you agree with me, then I could sure use your help. Let your congressman know what $2,000 means to you. Give them a call. Write them an email. Or tweet them using the hashtag 'My2K.' 

Read the full transcript.

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