The White House has launched a new offensive in its fight with congressional Republicans over taxes, arguing 114 million middle-class families will see their taxes rise without action by Congress.A report from President Obama’s National Economic Council released Monday contends the families would see their taxes rise by an average of $1,600 if the George W. Bush-era tax cuts expire as scheduled at the end of the year.
The GOP has argued that all of the Bush-era rates should be extended for a year, and the House is expected to vote to approve that extension next week.
The Democrat-controlled Senate is expected to vote this week on legislation to extend tax rates only on those with annual income up to $250,000. Senate Republicans are pressing for a separate vote to extend all of the tax rates. “Today, while Republicans and Democrats in Washington rarely see eye to eye, everyone agrees that extending middle-class tax cuts will give working families and our economy a little more certainty at this make‐or‐break moment,” the report says. “So far, the only reason the middle-class tax cuts have not been extended is that Republicans in Congress continue to insist on cutting taxes once again for the wealthiest few.”
it seems that letting the country go down no longer is a right wing plus, they are now demonizing our Pres. for taking a page from their book and see who blinks first. they do it ok he does it, "oh crap it's all over now".
notice how the right just nonchalantly says nothing's gonna happen till after their gathering, once again they are relegating "we the people" to the back burner till they get their fat out of fire, they are putting all their rotten ggs in the convention basket, wouldn't it be cool if they pick somebody else other than the presumptive?
