All Posts Tagged With: "extension of the tax cuts"
The White House is taking its fiscal cliff campaign to the country’s middle class. President Obama will visit a family in Virginia Thursday to help illustrate the impact of increasing taxes for the middle class. Signs have started to emerge that the Republicans are considering a change of strategy against the Democrats over the reduction [...]
Before Tuesday’s speech by Republican Mitt Romney to the national convention of the Veterans of Foreign Wars, President Obama spoke to the group on Monday. Obama claimed that the Republicans were willing to cut spending on defense to help balance the budget, while extending the tax cuts to the highest earners in the country. On [...]
As part of the political one-upmanship in an election year, Senate Republicans moved to call a vote on President Obama’s plan to increase the taxes on top earners and maintain the tax cuts for the middle class. But the Republican move was rebuffed by Obama’s top ally in the Senate, Harry Reid. Reid was frustrated [...]