Obama: It’s time to let tax cuts for the wealthiest expire
President Obama on Monday called for a one-year extension on tax cuts for middle-class Americans, leaving the wealthiest out of the proposal. We're taking a closer look at this story from the Current community. Check it out and add your two cents:
Obama: It’s Time To Let Tax Cuts For The Wealthiest Expire
Submitted by letsliveinpeace
The president urged the Congress to extend the Bush-era tax cuts for people making less than $250,000 while letting the taxes of the wealthiest go up. Monday's proposed push of middle-class tax cuts marked the first time he specifically called for a one-year extension for the lower-earning group.
"The American people are with me on this," Obama said. "Poll after poll shows this."
"I’m calling on Congress to extend the tax cuts on the 98% of Americans who make $250,000 or less for another year," Obama added.
"Let's not hold the vast majority of all Americans and our entire economy hostage while we debate the merits of another tax cut for the wealthy," Mr. Obama said.
Senate Democrats plan to vote next month on the proposal, though it is not expected to pass.
The community responds:
MSII: "it well PAST time, but better now then never (and with Furor-rMoney's 1000-year-right-wing-corporate-fascist-reich in power it'll be never)!"
savroD: "Two words Mr. Presisdent.... SPOT ON!"
trut: "no the time was over 3 years ago, remember"
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Join the discussion -- or head over to the Community page for more popular stories from the community.
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