Obama: Republicans Are Blocking Middle-Class Tax Cuts; Math on GOP Plan ‘Just Doesn’t Work’
President Barack Obama said Saturday that Republicans in the House are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans.
The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have “put forward an unbalanced plan that actually lowers rates for the wealthiest Americans.” Obama supports a plan to raise taxes on families earning more than $250,000.
In his weekly radio and Internet address, Obama said “the math just doesn’t work” on the GOP plan.
Obama’s comments mark the fourth time since his re-election that he has used the radio address to push for middle-class tax cuts as part of a plan to avert a looming fiscal cliff — and his most sharply partisan tone.