By Jonathan Easley – 07/24/12 10:05 AM ET
The White House has launched a new offensive in its fight with
congressional Republicans over taxes, arguing 114 million middle-class families will see their taxes rise without action by Congress.
A report from President Obama’s National Economic Council released Monday contends the families would see their taxes rise by an average of $1,600 if the George W. Bush-era tax cuts expire as scheduled at the end of the year.
The report is the latest effort by President Obama to corner Republicans on taxes. Read More…
Posted on July 26, 2012 at 6:56 am in Political Commentary | RSS feed
White House warns of $1,600 tax hike on 114M middle-class families
The White House has launched a new offensive in its fight with
congressional Republicans over taxes, arguing 114 million middle-class families will see their taxes rise without action by Congress.
A report from President Obama’s National Economic Council released Monday contends the families would see their taxes rise by an average of $1,600 if the George W. Bush-era tax cuts expire as scheduled at the end of the year.
The report is the latest effort by President Obama to corner Republicans on taxes. Read More…
Share this:
Posted on July 26, 2012 at 6:56 am in Political Commentary | RSS feed