President Obama’s Weekly Address 7/14/2012 Tax The Rich To Save The Middle Class From More Taxes

According to the White House, “President Obama calls on Congress to act now to extend tax cuts for the 98 percent of Americans making less than $250,000 for another year.” President Obama says, “Soon, we’ll face a choice between these two different approaches. On January 1st, taxes are set to go up for tens of millions of Americans.” But he adds, “The only place we disagree is whether we keep giving tax cuts to the wealthiest 2% of Americans. Republicans in Washington want more of those tax cuts. With the deficit we have, I don’t think we can afford them.”

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