Obama Pushing Extension Of Middle-Class Tax Cuts - NewsChannel5.com | Nashville News, Weather & Sports

Obama Pushing Extension Of Middle-Class Tax Cuts

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WASHINGTON (AP) - President Barack Obama is arguing that the expiration of middle-class tax cuts would be a "big blow" to working families and serve as a "drag on the economy."

Obama said at the White House he wants Congress to extend tax cuts for middle class families earning under $250,000 for one year, saying that it would provide certainty to the economy.

Obama said the November election could determine the fate of tax cuts for higher-earning Americans. He said his Republican rival, Mitt Romney, "will fight to keep them in place. I will fight to end them."

Obama's appeal to middle-class voters aims to draw a contrast with Romney and congressional Republicans. The House is expected to push for an extension of all the Bush-era tax cuts due to expire at the end of the year, including the cuts for wealthier Americans.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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