Obama Wants One-Year Extension on Bush-Era Tax Cuts
Monday, July 9th, 2012 -- 8:39 AM
-President Barack Obama is expected to call on Congress to pass a one-year extension on the Bush-era tax cuts for people earning less than $250,000 a year.According to CNN, A White House official said Obama will make the announcement today at the Rose Garden, surrounded by working people.
In addition, a campaign official said the campaign will "amplify the president's message on middle-class tax cuts" by hosting a series of events in battleground states all week across the country.
In Las Vegas, for example, local elected officials will discuss Obama's efforts to fight for the middle class, the campaign official said. In Colorado, Aspen Mayor Mick Ireland, Colorado Democratic Party Chair Rick Palacio and state Senator Gail Schwartz will hold a press conference to discuss the contrasting economic visions of Obama and presumptive GOP presidential nominee Mitt Romney.
On Sunday, a top adviser for Obama's re-election campaign said the president was entirely dedicated to ending the so-called Bush tax cuts for the wealthy at the end of this year.
"He is 100% committed to it," Robert Gibbs said on CNN's "State of the Union."
Obama signed a bill in 2010 to extend the Bush-era tax cuts, citing the need for economic stimulus at the time, but has since vowed he would not permit another extension.
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