July 9th, 2012
12:30 PM ET
2 years ago

Obama calls for Bush tax cut extensions for those making less than $250,000

Washington (CNN) - President Barack Obama revitalized his push for holding down middle class tax rates Monday, calling on Congress to pass a one-year extension of the Bush-era tax cuts for people earning less than $250,000 a year.

In a White House statement delivered while people described as working Americans stood behind him, Obama said his proposal would provide the certainty of no tax increase next year for 98% of Americans.

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Filed under: 2012 • Congress • President Obama • Taxes