Warrior President for the Middle-Class Speaks

POLITICO Breaking News
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President Barack Obama Monday announced his effort to extend the Bush tax cuts only for people making less than $250,000 annually.

“Pass a bill extending the tax cuts for the middle class, I will sign it tomorrow. Pass it next week, I’ll sign it next week,” Obama said at a White House event.

“Right now our priority needs to be giving middle class Americans and small businesses the security they deserve.”

The president blamed the current tax cuts for causing the deficit, and added that an overall Bush tax cut extension is “least likely to promote growth-we can’t afford to keep that up, not right now. I just believe that anybody making over $250,000 should go back to the income tax rates we were paying under Bill Clinton.”

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