USA - Voice of America: Obama Seeks Tax Cut Extension

USA - Voice of America usa

Obama Seeks Tax Cut Extension Jul 14th 2012, 12:13 U.S. President Barack Obama is calling on Congress to extend tax cuts for another year for the 98 percent of Americans who make less than $250,000 per year. The president said in his weekly address Saturday a tax increase, scheduled to go into effect on January 1, would be a "huge financial hit" for middle-class families. President Obama said under his plan, the other 2 percent of Americans would have to pay "a little more in taxes" on anything they make over $250,000. ... Media files: D8588EFD-3163-4D54-BAA5-ABB22B4F4493_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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