On this weekly radio address to the nation, President Obama urged Republicans in the House of Representatives to act on his proposal to protect middle class families and small businesses from being hit with a big tax hike next year. Everyone says they agree that we should extend the tax cuts for the middle class and the Senate already passed the President’s plan to prevent a typical family from seeing a tax increase of $2,200, but Republicans in Congress are holding these tax cuts hostage until we extend tax cuts for the wealthiest Americans.
“This week, the Senate passed a plan that I proposed a few weeks ago to protect middle class Americans and virtually every small business owner from getting hit with a big tax hike next year – a tax hike of $2,200 for the typical family.
Now it comes down to this: If 218 Members of the House vote the right way, 98% of American families and 97% of small business owners will have the certainty of knowing that that their income taxes will not go up next year.
That certainty means something to a middle class family who’s already stretched the budget as far as it can go. It means something to a small business owner who’s trying to plan ahead. That’s security at a time when folks could use some.