VIDEO: Watch President Obama's Remarks on Bush Tax Cut Extension for Middle Class, Tax Hike for Those Making Over $250K a Year
Moments ago, President Obama made comments on extending the Bush tax cuts for Americans making less than $250K per year, saying that it would provide certainty to the economy. Of his Republican rival, Mitt Romney, Obama argued the GOP candidate "will fight to keep them in place. I will fight to end them."
According to the Associated Press, Obama's appeal to middle-class voters aims to draw a contrast with Romney and congressional Republicans. The House is expected to push for an extension of all the Bush-era tax cuts due to expire at the end of the year, including the cuts for wealthier Americans.
Watch his full remarks below and check out some of these quote highlights:
"So, I'm not proposing anything radical here. I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton - back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot."
"I'm calling on Congress to extend the tax cuts for the 98 percent of Americans who make less than $250,000 for another year."
"Now we can already anticipate that those who oppose the high end tax cuts will say, they'll say we can't tax job creators. And they'll try to explain why this will be bad for small businesses. Let me tell you: the folks who create most new jobs in America are America's small business owners and I've cut taxes for small business owners 18 times since I've been in office."
"The proposal I make today would extend these tax cuts for 97 percent of all small business owners in America. In other words, 97 percent of small businesses fall under the $250,000 threshold."
"My message to Congress is this: pass a bill extending the tax cuts for the middle class, I will sign it tomorrow. Pass it next week, I'll sign it next week. Pass it next - you get the idea." (laughter)
"This isn't about taxing job creators, this is about helping job creators. I want to give them relief. I want to give those 97 percent a sense of permanence. I believe we should be able to come together and get this done."