Obama pushing extension of middle-class tax cuts

2:00 PM, Jul 9, 2012   |    comments
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Saul Loeb, AFP/Getty Images

WASHINGTON  --  President Barack Obama is arguing that the expiration of middle-class tax cuts would be a "big blow" to working families and serve as a "drag on the economy."

Obama says at the White House he wants Congress to extend tax cuts for middle class families earning under $250,000 for one year, saying that it would provide certainty to the economy.

He says his Republican rival, Mitt Romney, "will fight to keep them in place. I will fight to end them."

Obama's appeal to middle-class voters aims to draw a contrast with Romney and congressional Republicans. The House is expected to push for an extension of all the Bush-era tax cuts due to expire at the end of the year, including the cuts for wealthier Americans.

Mitt Romney is blasting it already, saying it will amount to a "massive tax increase."

Romney spokeswoman Andrea Saul says the plan shows "the president doesn't have a clue how to get America working again."

The Associated Press

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