Home 2012 races Video: President Obama Calls for Extending Middle Class Tax Cuts

Video: President Obama Calls for Extending Middle Class Tax Cuts

532
1



President Obama calls on Congress to extend the tax cuts for the 98 percent of Americans making less than $250,000 for another year so that millions of American families don’t see their taxes go up by $2,200 starting on January 1st.”

Predictably, Willard “Mitt” Romney has put out a nonsensical, up-is-down statement, calling tax cuts for the vast majority (98%) of Americans “a massive tax increase.” Why? Because tax rates would revert to Bill Clinton levels – you know, back when we had prosperity and budget surpluses as far as the eye could see – for the wealthiest 2% of Americans. I know, the horror the horror!!! Heh.

But, you ask, everyone will just laugh at Romney about this, right? Well, maybe not. As Greg Sargent explains, “[Romney] is a candidate and a campaign who seem to proceed from the assumption that they can say literally anything, no matter how absurd or Orwellian, without getting called out aggressively by news orgs or suffering any political consequences for it.” Sadly, my guess is that the corporate media will let Romney get away with it yet again.