Monday, July 9, 2012

Obama to Push Extension of Middle-Class Tax Cuts

President Barack Obama is launching a push to extend tax cuts for the middle class, starting with an address from the White House on Monday, reports CBS.

A senior administration official says Obama will call for a one-year extension of tax cuts for people making less than $250,000 a year.

Translation: Obama is raising taxes for those who make more than $250,000 before the election, since he believes starting a class war will give him an edge in the election.


  1. ...and on that note, I'm going back to bed. If that mother f-r thinks he is going to get an extra penny out of me, he is wrong. Higher taxes = more leisure time and less work for me.

  2. Why don't the repubs double down and make it permanent? What would O or Dems do then?

  3. Anybody w/ a brain knows that if tax cuts are extended to the middle class, but taxes are allowed to go up on the wealthy (aka the producers / suppliers), they are just going to pass the taxes onto the middle class in the form of higher prices. So on balance, the middle class will be the same, or poorer than before.