Obama calls for taxes on all who earn over 250k
Obama seeking to divert attention from appalling jobs report.
On Monday Obama called for a extension of the middle-class tax cuts for families earning less than 425,000 a year. The call is likely to put Republicans on the defensive as they strive to defend tax cuts for all.
Taking about taxes instead of jobs, Obama dodges a poor report card for June.
Obama said allowing the tax cuts to expire would help job creators.
Observers say the goal is to change the conversation from the poor jobs outlook to another topic. The June jobs report has cost Obama some political ground and the forecasts are not much better as consumer confidence shows signs of weakening.
The announcement also puts Obama in position to claim that he is a champion of the middle class.
The tax cuts previously enacted by President Bush will automatically expire on January 1, unless Congress and the President extend them.
Very deep, automatic spending cuts are set to take effect at the same time.
Romney argued that allowing the cuts to expire would amount to a "massive tax increase."
"It just proves again that the president doesn't have a clue how to get America working again and help the middle class," a spokesperson for the Romney campaign said.
Meanwhile, Democrats cannot themselves agree on what to do with the cuts. Democratic Representative Nancy Pelosi wants to allow the cuts to expire, but only for those making more than $1 million. Some Democrats are also siding with Republicans on the issue and don't want any tax cuts to expire for fear of the economic impact of collecting additional taxes in a period of economic uncertainty.
In any case, Obama will improve his situation by shifting attention away from the June jobs report - at least until next month.
© 2012, Distributed by NEWS CONSORTIUM.
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Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
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Keywords: Obama, jobs, economy, Bush tax cuts, deficit
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