Obama pushes extension of middle-class tax cuts

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Monday, July 09, 2012

President Barack Obama proposed a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year.

The president has long supported a permanent extension of the tax cuts for families earning less than $250,000 and has called for cuts aiding wealthier families to expire.

But Monday's event marked the first time he specifically called for a one-year extension for the lower-earning group.

Read more at The Wall Street Journal.

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Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

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