You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

VIDEO, HIGHLIGHTS: President Obama on Extending Middle Class Tax Cuts

Earlier today, the president delivered remarks at an event at the White House with middle class Americans, saying they will see their taxes go up if Congress fails to act before the year-end fiscal cliff. Watch part of the remarks, and read highlights below:

Goal Is for Fair and Balanced Resolution
"Our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. That kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and I believe that both parties can agree on a framework that does that in the coming weeks."

Without Action, Taxes Will Go Up
"The place where we already have in theory at least complete agreement right now is on Middle Class taxes and as I've said before we've got two choices. If Congress does nothing, every family in America will see their taxes automatically go up at the beginning of next year."

Up to Congress to Prevent Tax Hike
"Now the good news is there's a better option. Right now, as we speak congress can pass a law that would prevent a tax hike on the first 250,000 dollars of everybody's income … everybody's. And that means that 98 percent of Americans and 97 percent of small businesses wouldn't see their income taxes go up by a single dime."

With GOP Agreement, Bill Can Be Signed
"If we can get a few House Republicans to agree as well, I'll sign this bill as soon as Congress sends it my way. I've gotta repeat, I've gotta pen (Obama waves pen), I'm ready to sign it."

Get It Done
"Optimistically ... I don't think we're going to get it done tomorrow. But I tell you, if everybody here goes out of their way to make their voices heard and spread the word to your friends, your family, your co-workers, your neighbors ... then I am confident we will get it done."

Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News


Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Greta Is Wired! is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" reveals who we are as a nation – driven, passionate and uniquely American. Watch the latest installment, an up-close look at the beloved Oscar Mayer Wienermobile!