By Jueseppi B.
President Obama returns to the White House from the Camp David presidential retreat, July 8, 2012.
(CBS News) President Obama will launch on Monday a push to extend the so-called Bush tax cuts for low and middle-income Americans, but he will continue to fight for the cuts to expire on Jan. 1 for people earning more than $250,000.
A senior Obama campaign official confirmed to CBS News a report in The New York Times that President Obama would officially announce his call for a one-year extension to the tax cuts for Americans at or below that income threshold in a news conference on Monday.
Obama campaign senior adviser Robert Gibbs hinted at the announcement Sunday on CNN’s “State of the Union.”
Gibbs said the president was “100 percent committed” to allowing some Bush-era tax cuts to expire, reports CBSNews.com’s Leigh Ann Caldwell.
The series of tax cuts originally passed in 2001 and 2003 during George W. Bush’s presidency, and later extended, are set to expire at the end of this year, explains Caldwell. In 2010, President Obama agreed to a two-year extension, but Gibbs gave on Sunday the first insight into the campaign’s plan to block another extension for couples making more than $250,000.
“We should protect the tax cuts for the middle-class, and we should let tax cuts for millionaires and billionaires expire,” Gibbs told host Candy Crowley. “We have tried these different philosophies before; we know what tax breaks and tax cuts for the wealthy and [taking] financial regulations off of Wall Street mean. They mean economic calamity, they mean what we are dealing with now, versus a vision where we add jobs and build out the middle-class.
“Let’s make some progress on our spending by doing away with tax cuts for people who quite frankly don’t need them . . . and have them pay their fair share.”
CBS Radio News White House correspondent Mark Knoller says the Obama campaign will try to amplify the President’s message on middle class tax cuts with a series of campaign trail events in battleground states this week.
The events will include public discussions in Concord, New Hampshire, Las Vegas, Nevada, Aspen, Colorado and Tampa, Florida.
If you watch the 3 videos in this post, you’ll notice those videos are all from at least 5 months ago. Here we are again, going back & forth over the exact same shit. While the Presidents Jobs Bill is held prisoner by a do jack shit Congress. While a do jack shit Congress vacations & plots an overthrow of the American government.
I’m fuckin fed up,…how bout you?
“BARACK” The Vote
Filed under: 2012 Election, Economy, Finance, News, Politics, POTUS Obama, The White House, Videos Tagged: | BarackObama, Bush tax cuts, Camp David, CBS News, CNN, Congress, George W. Bush, Obama, Robert Gibbs, Taxes
Jueseppi B.
Perhaps the most under-rated president in American history is Gerald Ford, who held the country together after Watergate capped an era of social upheaval, war-mongering, and political corruption.
Even if President Obama is not re-elected, his legacy is assured. He held this nation together at one of the worst passages in our history, and even managed to turn the economic conversation back to regulation of predatory capitalism and the rebuilding of National infrastructure. In short, Obama is a true Patriot who put the good of the Nation ahead of his own political interests.
Racial and ethnic strife, and a do-nothing Congress have been relentlessly with us since the dawn of the Republic. What is rare is the leader like Barrack Obama. We may get fed up with fools like our Congressional hacks, but guys like Obama never… ever… give up.
If republicans fight as hard for the working/middle class as they fight for their wealthy pals and corporations, maybe the country will be in a better place. Shame on those working/middle class who keep voting for the republican party. Does hate for a skin color trump common sense? Grow up AMERICA! Many are uncivilized and such idiots.
Yes, racist caucasians will vote against themselves to NOT vote for a Black man. Thats America.
I am also fed up!!!
You and me both. It’s such a waste of time.
I’ve been soooo through with these MOFOs, Jueseppi. Dem & Repubs who are not working with the president to help move America forward. That would be too much like THE RIGHT THING TO DO.
PBO sure has lifted the lid off some of these folks’ game box; and it’s NOT pretty. Come 2016, there will be no vote from me for either party. I’ll put my own name on the ballot FIRST.
Yes I agree, after POTUS Obama is re-elected, in 2016, I too am done with bull shit politics.