Obama Continues to Push Middle Class Tax Cut Plan

3 years 2 months 6 days ago December 08, 2012 Dec 8, 2012 Saturday, December 08 2012 Saturday, December 08, 2012 11:22:55 AM CST in News
Source: Associated Press
By: Associated Press

WASHINGTON -- President Barack Obama continues a relentless push for his middle class tax cut plan, doing so in his weekly media message for the fourth time since his re-election.

Obama is accusing House Republicans of blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans. The Democratic-controlled Senate has approved the measure.

Obama says a House bill is unbalanced and actually lowers rates for the wealthiest Americans, instead of raising them as the president has proposed.

For the GOP, Florida Sen. Marco Rubio says tax increases will not solve the nation's $16 trillion debt. He says the only way to do that is through economic growth and reform of entitlement programs.

He says limited government can help meet the challenge of restoring the middle class.

 

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