Obama to push extension of middle-class tax cuts

[VersuZ]

President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate away from the dismal jobs market and toward the issue of tax fairness.
Obama, in an address from the White House Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year, said senior campaign aide Robert Gibbs.
The president's appeal to middle-class voters is aimed at drawing a contrast with Republican rival Mitt Romney and congressional Republicans. The House GOP is expected to make its own push this month for an extension of all the Bush-era tax cuts due to expire at the end of the year, including reductions on wealthier income earners. Obama opposes extending the tax cuts for higher income earners.
Obama's re-election campaign also plans to use Washington's tax debate to ramp up its criticism of Romney. The campaign and its Democratic allies have slammed the presumptive GOP nominee for not releasing several years of tax returns and for having some of his money in offshore bank accounts.
The strategy is aimed at portraying Romney, whose personal wealth could exceed $250 million, as disconnected from middle-class voters.


http://news.yahoo.com/obama-push-ext...--finance.html

[justin84]

Spending more i see.

Dont let anyone fool you. Tax cuts = spending

[Macs.]

Spending more i see.

Dont let anyone fool you. Tax cuts = spending

So if for example I choose to work less instead of making less money I am actually SPENDING money ?

My head hurts.

It's simply less income, and not spending.

[C.Puffs]

So if for example I choose to work less instead of making less money I am actually SPENDING money ?

My head hurts.

It's simply less income, and not spending.

You should listen to American Democrats whine about it. It's always "how are we going to pay for these tax cuts". They couch it that way so they can point to Republicans and call them big spenders for wanting to reduce taxes.

[Roaming East]

You should listen to American Democrats whine about it. It's always "how are we going to pay for these tax cuts". They couch it that way so they can point to Republicans and call them big spenders for wanting to reduce taxes.

Do you actually know any democrats? Dems bitch and moan about tax cuts for those making OVER 250k. Since that particular bracket group likes to trumpet how they basically pay all the taxes in the country. Cutting taxes for the middle class has never been a democrat arguing point. its been something they've always wanted to push without getting lumped into a single tax cut that also benefits the very wealthy. Following the logic, if the guys who are paying all the taxes anyway arent getting tax cuts, why would the left bitch and moan about how the tax cut will pay for itself?