http://online.wsj.com/article/BT-CO-20120211-701180.htmlObama Urges Middle-Class Tax Cut Extension
By Kate Gibson
NEW YORK (MarketWatch)--President Barack Obama urged Congress to extend a payroll-tax cut, with the clock ticking on the time remaining for lawmakers to act or have taxes rise for millions of working Americans.
"If Congress refuses to act, middle-class taxes will go up. It's that simple," Obama said Saturday in his weekly radio and Internet address about the tax cut, which expires at the end of February and amounts to roughly $1,000 a year for the typical family, or $40 a paycheck.
In December, lawmakers agreed on a two-month extension of the tax cut. But legislation to extend it would also renew jobless benefits for the long-term unemployed and stop a 27% reduction in Medicare payments to physicians. The measure costs more than $150 billion and Congress needs to figure out to cover the expenditures.
In the Republican reply, Virginia Gov. Bob McDonnell targeted Obama's not-yet-released budget, saying the president's fiscal plan likely would impede job creation with a tax hike while not addressing the nation's debt.
(more at above link)
He's trying! The House has no desire to do anything but make the American working class suffer economic hardship, and get the president out of
their White House...
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