White House and Republicans prep for tax cut debate
July 28th, 2012
06:00 AM ET
2 years ago

White House and Republicans prep for tax cut debate

(CNN) – The White House and congressional Republicans are blaming each other for holding America's economy 'hostage' by refusing to back their respective proposals to extend the politically decisive Bush-era tax cuts.

In his weekly address Saturday, President Barack Obama urged House Republicans to act on the Democrat-controlled Senate bill passed this week to extend tax cuts for middle income earners, though Republicans are calling for an extension of all the current tax rates.
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Filed under: GOP weekly address • President Obama • Taxes
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