Obama calls for extending middle-class tax cuts

President Obama, drawing a contrast with what he called Republican trickle-down economics, called Monday for temporarily extending the Bush-era tax cuts for people making less than $250,000 while letting the taxes of the wealthiest go up.

Leading Republicans immediately rejected the approach, saying it would be a mistake to raise anyone's taxes in a weak economy.

Flanked by supporters chosen to represent taxpayers who would benefit from ... Full Story »

Posted by Bob Herrschaft

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