Obama, in an address from the White House later Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year.
The president's appeal to middle-class voters is aimed at drawing a contrast with Romney and congressional Republicans. The House GOP is expected to make its own push this month for an extension of all the Bush-era tax cuts due to expire at the end of the year, including reductions on wealthier income earners.
Obama opposes extending the tax cuts for Americans with higher incomes, while Romney has said he supports extending the expiring cuts for all income earners.
The president's shift to the tax debate follows Friday's lackluster jobs report showing the nation's unemployment rate stuck at 8.2 percent. And it comes as Democrats embark on a coordinated attack on Romney, intensifying calls for him to explain offshore bank accounts and release several years of tax returns.
The strategy is aimed at portraying Romney, whose personal wealth could exceed $250 million, as disconnected from middle-class voters.
"We have to continue to grow our economy. We have to grow it from the middle class out," Robert Gibbs, an Obama campaign adviser, said Monday in an interview on NBC's "Today" show. "But for millionaires and billionaires, they don't need a tax cut," he added.
Gibbs said, "We're going to have to make some tough choices in this country. We can't continue to spend the kind of money that was spent in the last decade."
Romney spokeswoman Andrea Saul said Obama's proposal amounted to a "massive tax increase"
"It just proves again that the president doesn't have a clue how to get America working again and help the middle class," Saul said.
Romney aides have also called Democratic attacks on the presumptive GOP nominee's wealth an "unfounded character assault."
Romney hasn't shirked from his wealth in the face of renewed Democratic criticism. He held a $50,000 per person fundraisers Sunday in the Hamptons, New York's exclusive string of waterfront communities on Long Island's South Shore.
Romney aides also announced that the campaign and the Republican National Committee raised a combined $106 million in June, the former Massachusetts governor's biggest monthly haul so far. The Obama campaign has not yet announced its June fundraising total.
Obama was to make his case for the middle class tax cut extension during an event in the White House East Room later Monday. He was expected to be joined at the event by several people the White House says would benefit from the extension.
The president's pitch may face opposition not only from Republicans, but also some congressional Democrats. House Minority Leader Nancy Pelosi, D-Calif., and Sen. Charles Schumer, D-N.Y., a member of his party's Senate leadership, have both advocated denying the tax cut extension to those making above $1 million annually.
For Democrats, using the higher figure would avoid raising taxes on people — especially in areas with high costs of living — who don't consider themselves wealthy, and is an easier number to use when making the political argument that the rich should contribute to deficit reduction. But denying an extension of the tax cut only to those making above $1 million would limit the revenue that would be raised to appreciably less than the roughly $800 billion over 10 years that would come from denying the reductions to those making over $250,000.
Obama was to continue the tax debate Tuesday during a campaign trip to Iowa. His re-election team was also promoting the president's tax policy at a series of events this week in battleground states, including New Hampshire, Colorado and Nevada.
The Bush-era tax cuts are due to expire at the end of the year unless Congress votes to extend them. Economists worry that across-the-board tax increases, along with automatic spending cuts also scheduled to take hold at year's end, could be a blow to the shaky U.S. economy.






http://hotair.com/archives/2012/07/13/obama-administration-guts-work-requirements-for-clinton-era-welfare-reform/
Anyone with a pulse and a job personally benefited from the Bush tax cuts. Newsflash: that money didn’t just vaporize. It was invested, saved or spent on goods and services; which generated more income and jobs.
I imagine you’re probably a fan of Warren Buffet (a billionaire whose company owes millions in back taxes) yet complains he doesn’t pay enough taxes; just shut up and write a check to the Treasury if you want to pay more, but stop trying to compel everyone else to join in your misguided generosity.
All together now children: “It’s Bush’s fault!!!”
I also think people are failing to recognize the 250,000 is based on Adjusted Gross Income, so business owners would still be claiming their business expenses and those grossing 250,000 would not fall into the same tax tax bracket as those with an AGI of 250,000.
The progressive tax brackets are a farce! In my opinion it should either be a flat tax or a consumption tax. Abolish the IRS!
Only a person with their head where the sun doesn’t shine would forget about the Bush bailouts; too big to fail and all that nonsense. We were screaming just as loud then as now! But the one immutable fact is: Obama has outspent them all!!!
It's time to roll up our sleeves and work for what matters, jobs and to see if waste in Calhoun/Gordon County might make us the next Scranton.
Apples - Bubba did in fact enjoy the benefits of the previous 12 years of pro growth policies under Reagan/Bush. But do you recall what President Clinton focused like a laser beam on in the beginning of his first term? No, it wasn’t yet Ms. Lewinsky, but HilaryCare! All the positives you mentioned came about after the Republicans gained control of the purse strings and legislative agenda; in effect sending Hilary back to baking cookies.
Oranges - As to the current president, if his “fundamental change of America” has been throttled by the previous 8 years of Bush, I would have to agree, but would note the same result had he succeeded any of his 43 predecessors (with the possible exception of Carter) as they at a minimum didn’t view America as the festering pustule of the world that needed lancing.
I have hope that history will look back and view Mr. Obama as just an aberration; a bump in the road and the Constitution and the Republic were preserved, protected and defended by subsequent Presidents of both parties.
Bill Clinton should be the tea party poster child. Cut government spending, reduced size of government reduced welfare rolls and created a budget surplus.
SCOTUS ruled in 2010 Citizens Untied vs. FEC that corporate funding cannot be limited, as to do so would be limiting free speech.
Oh, and also I am Not one of the rich people so I am not defending them because it makes me richer just because they keep me working as long as they are making money.
Avg forgets - America's last federal budget surplus: A Democrat.
Back to back surpluses and the largest one-year debt reduction in the history of the United States. A Democrat.
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rt forgets Republicans across the country are fighting legal battles to keep their sugar daddies secret. Why? The right wing opposes disclosure laws because the super-rich just might be bullied and harassed by the rest of us who want to know who's buying our elections.
51 Democrats block voting. Not possible. Why? Too much money (under)the table. Same for 47 Republicans.
1. The Office of Management and Budget (OMB) prepares a budget proposal.
2. The president submits a budget proposal to Congress.
3. Congress decides on the overall level of spending and taxation and passes
specific spending bills.
4. The president signs the spending bills into law.