Obama calls for middle-class tax cut extension
ByREUTERS
09 July 2012 19:38

WASHINGTON - US President Barack Obama on Monday called for Congress to extend by a year Bush-era tax cuts for people earning less than $250,000 annually and said letting tax rates rise for higher earners would not hurt small businesses.

"This isn't about taxing job creators, this is about helping job creators," Obama said at the White House, noting that 97 percent of all US small business owners would fall under the $250,000 a year income threshold.

Share this article via
from around the web
Related Content
Woman weeping.
01 March 2014
New Worlds: Tell the whole truth

By JUDY SIEGEL-ITZKOVICH

Top Stories
Israel Weather
  • 10 - 22
    Beer Sheva
    12 - 21
    Tel Aviv - Yafo
  • 10 - 15
    Jerusalem
    11 - 17
    Haifa
  • 13 - 23
    Elat
    13 - 21
    Tiberias