Obama Calls On Extending Middle Class Tax Cuts Now

Delivering a statement on the economy from the White House on Friday, President Obama urged Congress to extend Bush-era tax cuts on the middle class “right now,” while talks on a broader deficit reduction package continue with top Republicans.

“If Congress fails to make an agreement…everybody’s taxes will automatically go up on January 1st,” Obama said.

“All we need is action from the House,” Obama added. “I’ve got the pen. I’m ready to sign the bill right away.”

Watch below:

 

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Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site's coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at igor@talkingpointsmemo.com.
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