President Barack Obama talks with Kerry Christophe, Jr., who holds his son Kerry Christophe III during a stop at Rick's Cafe in Virginia Beach, Va., Friday, July 13, 2012. Obama is accompanied by Sen. Mark Warner, D-Va., is second from left and Virginia Democratic Senate candidate, former Gov. Tim Kaine, third from left.
(AP Photo/Susan Walsh)
Obama presses Congress again to pass his tax plan
President Barack Obama talks with Kerry Christophe, Jr., who holds his son Kerry Christophe III during a stop at Rick's Cafe in Virginia Beach, Va., Friday, July 13, 2012. Obama is accompanied by Sen. Mark Warner, D-Va., is second from left and Virginia Democratic Senate candidate, former Gov. Tim Kaine, third from left.
(AP Photo/Susan Walsh)
July 14, 2012
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WASHINGTON—President Barack Obama is prodding Congress to "skip the unnecessary drama" and pass his proposal to extend Bush-era tax cuts to families earning less than $250,000 a year but not for those who earn more.
In his weekly radio and Internet address, Obama denounces what he calls "needless delays" and "partisan posturing."
He has been pushing the idea hard all week, but congressional Republicans aren't buying it.
Obama says that will "hold the vast majority of Americans and our entire economy hostage."
In the Republican address, Sen. Rob Portman of Ohio says Obama's proposal would punish many small business owners who report business profits as personal income.
He says that raising taxes on job creators "makes about as much sense as cutting off the water supply during a drought."
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