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Monday, July 9, 2012

President Pushes For Middle Class Tax Cut

President Barack Obama calls on Congress to pass a temporary, one-year extension of the Bush-era tax cuts for people who make less than $250,000 a year. (AP)

Looking to draw a sharp contrast with Republicans, President Obama is calling for a one year extension of the Bush Tax Cuts for families earning less than $250,000.

The President’s push comes after Friday’s job numbers, which showed continued weak growth in hiring. Those numbers are also part of the calculation on Capitol Hill, as Congress returns from its July 4th break. Republicans are planning a series of votes including a repeal of President Obama’s heath care act and an extension of all the Bush tax cuts.

Guest:

  • Martin Kady, Congressional Editor for Politico

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  • BHA in Vermont

    The Republicans need to haul out all the “small business” “job creators” that would pay higher taxes if the GWB tax cuts expire (as they should have 2 years ago) for those making over $250K. It will be a hard thing to do because THEY DO NOT EXIST.

  • carl christian

    I keep waiting for the media to include the actual numbers of people who will be affected at the various cutoff points being debated  – at $250K, it’s a tiny percent – limited primarily to a few select zip codes (like metro-WashingtonDC, surprise, surprise!) and professions ( sports & media personalities, for instance); at $1 million, it’s an even tinier percentage. Yet, the Republicans continually get away with leaving an impression that a majority of Americans will be deeply affected — sheer nonsense! I wish WBUR/NPR would take off the kid gloves and elicit the truth by asking some much harder questions in their reportage and interviews.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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