Obama: Republicans blocking middle-class tax cuts

 
No Author Published: December 8, 2012    Comment on this article Leave a comment

WASHINGTON (AP) — President Barack Obama said Saturday that Republicans in the House are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans.

photo - FILE - In this Sept. 26, 2012, file photo, President Barack Obama speaks at a campaign event at Bowling Green State University in Bowling Green, Ohio. A month after the bitterly fought election, Obama has his highest approval ratings since the killing of Osama bin Laden, according to an Associated Press-GfK poll, and more Americans say the nation is heading in the right direction now since the start of his first term. Obama’s approval rating stands at 57 percent, the highest since May, 2011, and up five points from before the election. And 42 percent say the country is on the right track. (AP Photo/Pablo Martinez Monsivais)
FILE - In this Sept. 26, 2012, file photo, President Barack Obama speaks at a campaign event at Bowling Green State University in Bowling Green, Ohio. A month after the bitterly fought election, Obama has his highest approval ratings since the killing of Osama bin Laden, according to an Associated Press-GfK poll, and more Americans say the nation is heading in the right direction now since the start of his first term. Obama’s approval rating stands at 57 percent, the highest since May, 2011, and up five points from before the election. And 42 percent say the country is on the right track. (AP Photo/Pablo Martinez Monsivais)

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The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have "put forward an unbalanced plan that actually lowers rates for the wealthiest Americans." Obama supports a plan to raise taxes on families earning more than $250,000.

In his weekly radio and Internet address, Obama said "the math just doesn't work" on the GOP plan.

Obama's comments mark the fourth time since his re-election that he has used the radio address to push for middle-class tax cuts as part of a plan to avert a looming fiscal cliff — and his most sharply partisan tone.

Obama said his plan to raise taxes on the wealthiest Americans should come as no surprise to Republicans or anyone else.

"After all, this was a central question in the election. A clear majority of Americans — Democrats, Republicans and independents — agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it," Obama said.

His plan is "the only way to put our economy on a sustainable path without asking even more from the middle class," Obama said. It also is the only plan he is willing to sign, the president said.

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